
<TABLE> <S> <C>

<ARTICLE> 5
       
<S>                             <C>
<PERIOD-TYPE>                   4-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JUL-01-1998
<PERIOD-END>                               SEP-30-1998
<CASH>                                       1,584,474
<SECURITIES>                                13,209,765
<RECEIVABLES>                                   73,378
<ALLOWANCES>                                         0
<INVENTORY>                                    122,589
<CURRENT-ASSETS>                            15,154,092
<PP&E>                                      22,694,249
<DEPRECIATION>                             (2,020,126)
<TOTAL-ASSETS>                              36,207,334
<CURRENT-LIABILITIES>                        3,927,575
<BONDS>                                      9,126,116
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                 16,324,355
<COMMON>                                         9,632
<OTHER-SE>                                   6,819,656
<TOTAL-LIABILITY-AND-EQUITY>                36,207,334
<SALES>                                         11,824
<TOTAL-REVENUES>                               684,091
<CGS>                                           29,411
<TOTAL-COSTS>                                   71,184
<OTHER-EXPENSES>                             2,946,554
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             372,308
<INCOME-PRETAX>                            (2,479,332)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                        (2,479,332)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                               (2,479,332)
<EPS-PRIMARY>                                   (0.30)
<EPS-DILUTED>                                        0
        

</TABLE>
