<ARTICLE> 5

                                                  
<PERIOD-TYPE>                   6-MOS                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1999             DEC-31-1998
<PERIOD-END>                               DEC-31-1999             DEC-31-1998
<CASH>                                       4,561,379               1,111,875
<SECURITIES>                                         0                       0
<RECEIVABLES>                                        0                       0
<ALLOWANCES>                                   461,728               3,778,708
<INVENTORY>                                          0                       0
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<PP&E>                                          72,111                  60,388
<DEPRECIATION>                                       0                       0
<TOTAL-ASSETS>                               5,234,281               5,001,875
<CURRENT-LIABILITIES>                           21,757                  26,010
<BONDS>                                              0                       0
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                          0                       0
<COMMON>                                     4,320,155               4,166,667
<OTHER-SE>                                      28,439                (24,135)
<TOTAL-LIABILITY-AND-EQUITY>                 5,234,281               5,001,875
<SALES>                                              0                       0
<TOTAL-REVENUES>                               251,818                   3,036
<CGS>                                                0                       0
<TOTAL-COSTS>                                        0                       0
<OTHER-EXPENSES>                             (185,165)                (27,198)
<LOSS-PROVISION>                                     0                       0
<INTEREST-EXPENSE>                                   0                       0
<INCOME-PRETAX>                                 66,653                (24,135)
<INCOME-TAX>                                  (13,192)                       0
<INCOME-CONTINUING>                                  0                       0
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<EXTRAORDINARY>                                  (887)                       0
<CHANGES>                                            0                       0
<NET-INCOME>                                    52,574                (24,135)
<EPS-BASIC>                                    0.003                 (0.002)
<EPS-DILUTED>                                    0.003                 (0.002)