WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

 

<ARTICLE>    5
<LEGEND>
Exhibit 27
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
THE CONSOLIDATED FINANCIAL STATEMENTS OF SBI COMMUNICATIONS, INC. FOR
THE YEAR ENDED DECEMBER 31, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.


                                           
     <FISCAL-YEAR-END>                            DEC-31-1998
     <PERIOD-START>                               JAN-01-1998
     <PERIOD-END>                                 DEC-31-1998
     <CASH>                                                 0
     <SECURITIES>                                           0
     <RECEIVABLES>                                          0
     <ALLOWANCES>                                           0
     <INVENTORY>                                            0
     <CURRENT-ASSETS>                               3,940,000
     <PP&E>                                                10
     <DEPRECIATION>                                         0
     <TOTAL-ASSETS>                                 3,940,000
     <CURRENT-LIABILITIES>                          1,853,879
     <BONDS>                                                0
     <PREFERRED-MANDATORY>                                  0
     <PREFERRED>                                      765,000
     <COMMON>                                           5,570
     <OTHER-SE>                                     2,086,121
     <TOTAL-LIABILITY-AND-EQUITY>                   3,940,000
     <SALES>                                                0
     <TOTAL-REVENUES>                                       0
     <CGS>                                                  0
     <TOTAL-COSTS>                                    258,069
     <OTHER-EXPENSES>                                       0
     <LOSS-PROVISION>                                       0
     <INTEREST-EXPENSE>                                40,000
     <INCOME-PRETAX>                               (3,836,348)
     <INCOME-TAX>                                           0
     <INCOME-CONTINUING>                           (3,836,348)
     <DISCONTINUED>                                         0
     <EXTRAORDINARY>                                        0
     <CHANGES>                                              0
     <NET-INCOME>                                  (3,836,348)
     <EPS-BASIC>                                      (0.69)
     <EPS-DILUTED>                                        (0)