<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE BALANCE
SHEET AS OF JUNE 30, 1999, AS RESTATED, AND THE RELATED STATEMENT OF INCOME FOR
THE SIX MONTHS ENDED JUNE 30, 1999, AS RESTATED, AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<RESTATED>

                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-START>                             JAN-01-1999
<PERIOD-END>                               JUN-30-1999
<CASH>                                             308
<SECURITIES>                                         0
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                            42,729,514<F1>
<PP&E>                                       6,185,981
<DEPRECIATION>                               1,916,646
<TOTAL-ASSETS>                              47,231,519
<CURRENT-LIABILITIES>                       17,947,559
<BONDS>                                              0
<PREFERRED-MANDATORY>                              100
<PREFERRED>                                          0
<COMMON>                                       132,457
<OTHER-SE>                                  12,035,853
<TOTAL-LIABILITY-AND-EQUITY>                47,231,519
<SALES>                                              0
<TOTAL-REVENUES>                                     0
<CGS>                                                0
<TOTAL-COSTS>                                6,048,343
<OTHER-EXPENSES>                               156,843
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             156,843
<INCOME-PRETAX>                            (6,205,186)
<INCOME-TAX>                               (2,220,878)
<INCOME-CONTINUING>                        (3,984,308)
<DISCONTINUED>                             (5,082,320)
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                               (9,066,628)
<EPS-BASIC>                                      (.75)
<EPS-DILUTED>                                    (.75)
<FN>
<F1>INCLUDES NET ASSETS OF DISCONTINUED OPERATIONS OF $37,594,624.
</FN>