<TABLE> <S> <C>

<ARTICLE>                     5
<MULTIPLIER>                                   1
<CURRENCY>                                     U.S. DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                                                    JUN-30-1997
<PERIOD-START>                                                       JUL-01-1996
<PERIOD-END>                                                         JUN-30-1997
<EXCHANGE-RATE>                                                               1 
<CASH>                                                                1,586,983 
<SECURITIES>                                                                  0 
<RECEIVABLES>                                                            22,192 
<ALLOWANCES>                                                                  0 
<INVENTORY>                                                                   0 
<CURRENT-ASSETS>                                                      1,650,298 
<PP&E>                                                                   20,980 
<DEPRECIATION>                                                                0 
<TOTAL-ASSETS>                                                        2,441,405 
<CURRENT-LIABILITIES>                                                   454,873 
<BONDS>                                                                       0 
<PREFERRED-MANDATORY>                                                         0 
<PREFERRED>                                                           1,817,591 
<COMMON>                                                                  4,666 
<OTHER-SE>                                                              164,275 
<TOTAL-LIABILITY-AND-EQUITY>                                          2,441,405 
<SALES>                                                                       0 
<TOTAL-REVENUES>                                                              0 
<CGS>                                                                         0 
<TOTAL-COSTS>                                                                 0 
<OTHER-EXPENSES>                                                        265,021 
<LOSS-PROVISION>                                                       (206,611)
<INTEREST-EXPENSE>                                                            0 
<INCOME-PRETAX>                                                        (206,611)
<INCOME-TAX>                                                                 50 
<INCOME-CONTINUING>                                                    (206,661)
<DISCONTINUED>                                                        1,852,761 
<EXTRAORDINARY>                                                               0 
<CHANGES>                                                                     0 
<NET-INCOME>                                                          1,537,244 
<EPS-PRIMARY>                                                               .31 
<EPS-DILUTED>                                                               .17 
                                                                     

</TABLE>