<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE BALANCE
SHEET AS OF MARCH 31, 1999, AS RESTATED, AND THE RELATED STATEMENT OF INCOME FOR
THE THREE MONTHS ENDED MARCH 31, 1999, AS RESTATED, AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<RESTATED>

                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-START>                             JAN-01-1999
<PERIOD-END>                               MAR-31-1999
<CASH>                                         965,703
<SECURITIES>                                         0
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                            47,909,833<F1>
<PP&E>                                       4,509,305
<DEPRECIATION>                               1,514,247
<TOTAL-ASSETS>                              51,145,102
<CURRENT-LIABILITIES>                       30,347,872
<BONDS>                                              0
<PREFERRED-MANDATORY>                              100
<PREFERRED>                                          0
<COMMON>                                       131,093
<OTHER-SE>                                  18,518,753
<TOTAL-LIABILITY-AND-EQUITY>                51,145,102
<SALES>                                              0
<TOTAL-REVENUES>                                     0
<CGS>                                                0
<TOTAL-COSTS>                                1,215,132
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              57,013
<INCOME-PRETAX>                            (1,272,145)
<INCOME-TAX>                                 (508,858)
<INCOME-CONTINUING>                          (763,287)
<DISCONTINUED>                               1,157,175
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   393,888
<EPS-BASIC>                                        .03
<EPS-DILUTED>                                      .03
<FN>
<F1>INCLUDES NET ASSETS OF DISCONTINUED OPERATIONS OF $45,000,068.
</FN>