
<TABLE> <S> <C>

<PAGE>
<ARTICLE> 5
       
<S>                             <C>
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               SEP-30-1997
<CASH>                                         271,978
<SECURITIES>                                         0
<RECEIVABLES>                                   24,741
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                               296,719
<PP&E>                                       3,164,000
<DEPRECIATION>                               (728,091)
<TOTAL-ASSETS>                               2,732,628
<CURRENT-LIABILITIES>                       42,457,208
<BONDS>                                              0
<PREFERRED-MANDATORY>                              267
<PREFERRED>                                          0
<COMMON>                                         3,150
<OTHER-SE>                                (39,727,997)
<TOTAL-LIABILITY-AND-EQUITY>                 2,732,628
<SALES>                                              0
<TOTAL-REVENUES>                                     0
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                             8,570,186
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                           2,421,626
<INCOME-PRETAX>                           (10,991,812)
<INCOME-TAX>                                       800
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                              (10,992,612)
<EPS-PRIMARY>                                      .12
<EPS-DILUTED>                                      .12
        

</TABLE>
