<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE REGISTRANT'S FORM 10-QSB FOR THE QUARTER ENDED SEPTEMBER 30, 1999 AND IS QUALIFIED IN ITS ENTIRETY TO SUCH FORM 10-QSB. </LEGEND> <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> SEP-30-1999 <CASH> 2,938,057 <SECURITIES> 0 <RECEIVABLES> 22,613 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,960,670 <PP&E> 96,042 <DEPRECIATION> (21,441) <TOTAL-ASSETS> 3,404,878 <CURRENT-LIABILITIES> 266,012 <BONDS> 0 <PREFERRED-MANDATORY> 4,293,737 <PREFERRED> 0 <COMMON> 7,373 <OTHER-SE> (1,342,743) <TOTAL-LIABILITY-AND-EQUITY> 3,404,878 <SALES> 0 <TOTAL-REVENUES> 36,199 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 3,604,498 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (3,568,299) <INCOME-TAX> 0 <INCOME-CONTINUING> (3,568,299) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (3,568,299) <EPS-BASIC> (0.55) <EPS-DILUTED> (0.55)