<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> JUL-31-1996 <PERIOD-START> AUG-01-1995 <PERIOD-END> JUL-31-1996 <CASH> 258,924 <SECURITIES> 0 <RECEIVABLES> 277,586 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 538,539 <PP&E> 3,085,825 <DEPRECIATION> 53,453 <TOTAL-ASSETS> 3,949,375 <CURRENT-LIABILITIES> 1,632,451 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 80,272 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 3,949,375 <SALES> 872,386 <TOTAL-REVENUES> 879,247 <CGS> 259,673 <TOTAL-COSTS> 287,266 <OTHER-EXPENSES> 818,252 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 89,487 <INCOME-PRETAX> 315,758 <INCOME-TAX> 1,600 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 317,358 <EPS-PRIMARY> (0.04) <EPS-DILUTED> (0.04)