<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> MAR-31-1999 <CASH> 16,986 <SECURITIES> 0 <RECEIVABLES> 2,860,000 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,876,986 <PP&E> 3,998 <DEPRECIATION> 0 <TOTAL-ASSETS> 2,972,755 <CURRENT-LIABILITIES> 1,057,865 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 10,750 <COMMON> 13,006 <OTHER-SE> 6,217,012 <TOTAL-LIABILITY-AND-EQUITY> 2,972,755 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 647,908 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 7,196 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (655,104) <EPS-BASIC> (0.013) <EPS-DILUTED> (0.013)