<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> JUN-30-1999 <PERIOD-START> JUL-01-1998 <PERIOD-END> MAR-31-1999 <CASH> 2,743,873 <SECURITIES> 0 <RECEIVABLES> 235,070 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,978,943 <PP&E> 84,189 <DEPRECIATION> (64,438) <TOTAL-ASSETS> 6,583,097 <CURRENT-LIABILITIES> 635,369 <BONDS> 0 <PREFERRED-MANDATORY> 149 <PREFERRED> 0 <COMMON> 76,598 <OTHER-SE> 5,870,981 <TOTAL-LIABILITY-AND-EQUITY> 6,583,097 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> (876,647) <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 17,467 <INCOME-PRETAX> (894,114) <INCOME-TAX> 0 <INCOME-CONTINUING> (894,114) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (894,114) <EPS-PRIMARY> (0.14) <EPS-DILUTED> (0.10)