<TABLE> <S> <C>


<ARTICLE>                     5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEETS AND CONSOLIDATED STATEMENTS OF OPERATIONS AND
RELATED FOOTNOTES OF FIDELITY HOLDINGS, INC. AND SUBSIDIARIES AS OF AND FOR THE
YEARS ENDED DECEMBER 31, 1998 AND 1997 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS AND FOOTNOTES.
</LEGEND>

<S>                                            <C>                <C>
<PERIOD-TYPE>                                  12-MOS             12-MOS
<FISCAL-YEAR-END>                              DEC-31-1998        DEC-31-1997
<PERIOD-END>                                   DEC-31-1998        DEC-31-1997
<CASH>                                             977,134            217,191
<SECURITIES>                                             0                  0
<RECEIVABLES>                                    7,118,717          1,650,919
<ALLOWANCES>                                             0                  0
<INVENTORY>                                     19,061,666            164,661
<CURRENT-ASSETS>                                30,837,014          4,200,918
<PP&E>                                           5,457,036          1,854,961
<DEPRECIATION>                                    (104,630)          (618,448)
<TOTAL-ASSETS>                                  50,548,423          9,401,343
<CURRENT-LIABILITIES>                           25,836,983          1,780,988
<BONDS>                                          9,423,091                  0
<PREFERRED-MANDATORY>                                    0                  0
<PREFERRED>                                         11,500              2,500
<COMMON>                                            80,365             68,957
<OTHER-SE>                                      16,361,651          6,453,278
<TOTAL-LIABILITY-AND-EQUITY>                    50,548,423          9,401,343
<SALES>                                         99,667,822          2,909,251
<TOTAL-REVENUES>                                99,667,822          3,862,284
<CGS>                                           84,828,470            823,397
<TOTAL-COSTS>                                   12,953,857          2,260,668
<OTHER-EXPENSES>                                         0            137,475
<LOSS-PROVISION>                                         0                  0
<INTEREST-EXPENSE>                                 843,355            112,605
<INCOME-PRETAX>                                  1,042,140            528,139
<INCOME-TAX>                                       514,000            159,000
<INCOME-CONTINUING>                                528,140            369,139
<DISCONTINUED>                                           0                  0
<EXTRAORDINARY>                                          0                  0
<CHANGES>                                                0                  0
<NET-INCOME>                                       528,140            369,139
<EPS-BASIC>                                            .07                .06
<EPS-DILUTED>                                          .06                .05



</TABLE>