<TABLE> <S> <C>

<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from Globesat
Holding Corp.'s consolidated financial statements for the fiscal year ended
September 30, 1997 and is qualified in its entirety by reference to such
financial statements
</LEGEND>
       
<S>                             <C>                     <C>                     <C>
<PERIOD-TYPE>                   YEAR                   YEAR                   YEAR
<FISCAL-YEAR-END>                          SEP-30-1997             SEP-30-1996             SEP-30-1995
<PERIOD-END>                               SEP-30-1997             SEP-30-1996             SEP-30-1995
<CASH>                                          542604                   14744                    6457
<SECURITIES>                                      2000                       0                       0
<RECEIVABLES>                                    77139                       0                       0
<ALLOWANCES>                                         0                       0                       0
<INVENTORY>                                          0                    4712                       0
<CURRENT-ASSETS>                                621743                   19456                    6457
<PP&E>                                            3024                    3864                       0
<DEPRECIATION>                                     840                     350                       0
<TOTAL-ASSETS>                                  624767                   93820                   33359
<CURRENT-LIABILITIES>                           665735                  209897                    1000
<BONDS>                                              0                       0                       0
<PREFERRED-MANDATORY>                                0                       0                       0
<PREFERRED>                                          0                       0                       0
<COMMON>                                        115657                   51437                    3000
<OTHER-SE>                                           0                       0                       0
<TOTAL-LIABILITY-AND-EQUITY>                    624767                   93820                   33359
<SALES>                                              0                       0                       0
<TOTAL-REVENUES>                                  5139                       0                     437
<CGS>                                                0                       0                       0
<TOTAL-COSTS>                                   218479                  255744                   44179
<OTHER-EXPENSES>                                     0                       0                       0
<LOSS-PROVISION>                                     0                       0                       0
<INTEREST-EXPENSE>                               34691                    8744                       0
<INCOME-PRETAX>                                   9889                (255744)                 (41742)
<INCOME-TAX>                                         0                       0                       0
<INCOME-CONTINUING>                           (213340)                (255744)                 (43742)
<DISCONTINUED>                                  223229                       0                       0
<EXTRAORDINARY>                                      0                       0                       0
<CHANGES>                                            0                       0                       0
<NET-INCOME>                                      9889                (255744)                 (41742)
<EPS-PRIMARY>                                        0                   (.07)                   (.20)
<EPS-DILUTED>                                        0                   (.07)                   (.20)
        

</TABLE>