<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-1-1997 <PERIOD-END> SEP-30-1997 <CASH> 1,306,959 <SECURITIES> 0 <RECEIVABLES> 212,599 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,345,516 <PP&E> 313,321 <DEPRECIATION> 90,040 <TOTAL-ASSETS> 8,720,342 <CURRENT-LIABILITIES> 1,457,260 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 8,905,780 <OTHER-SE> (1,961,491) <TOTAL-LIABILITY-AND-EQUITY> 8,720,342 <SALES> 0 <TOTAL-REVENUES> 316,919 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (908,864) <INCOME-TAX> 971 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (909,835) <EPS-PRIMARY> (0.89) <EPS-DILUTED> (0.89)