<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE UNAUDITED FINANCIAL STATEMENTS OF PHON-NET.COM, INC. FOR THE THREE MONTHS ENDED OCTOBER 31, 1999 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH REPORT. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> JUL-31-1999 <PERIOD-START> AUG-01-1998 <PERIOD-END> OCT-31-1999 <CASH> 8,912 <SECURITIES> 0 <RECEIVABLES> 15,319 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 26,062 <PP&E> 87,491 <DEPRECIATION> 0 <TOTAL-ASSETS> 1,154,117 <CURRENT-LIABILITIES> 252,463 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 8,029,160 <OTHER-SE> (7,127,506) <TOTAL-LIABILITY-AND-EQUITY> 1,154,117 <SALES> 51 <TOTAL-REVENUES> 51 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 256,444 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (256,393) <INCOME-TAX> 0 <INCOME-CONTINUING> (256,393) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (256,393) <EPS-BASIC> (0.01) <EPS-DILUTED> (0.01)