<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE BALANCE
SHEET AND THE RELATED STATEMENT OF INCOME FOR THE SIX MONTHS ENDED JUNE 30,
1999.
</LEGEND>

                             
<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>                                5,395,352
<OTHER-EXPENSES>                               156,843
<LOSS-PROVISION>                               797,947
<INTEREST-EXPENSE>                             156,843
<INCOME-PRETAX>                            (5,552,195)
<INCOME-TAX>                               (2,220,878)
<INCOME-CONTINUING>                        (3,331,317)
<DISCONTINUED>                                 586,101
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                               (6,064,719)
<EPS-BASIC>                                    (.28)
<EPS-DILUTED>                                    (.28)
<FN>
<F1>INCLUDES NET ASSETS OF DISCONTINUED OPERATIONS $37,594,624.
</FN>