<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> APR-30-1996 <PERIOD-END> JUL-31-1995 <CASH> 248,991 <SECURITIES> 0 <RECEIVABLES> 8,417,762 <ALLOWANCES> 279,027 <INVENTORY> 35,444,635 <CURRENT-ASSETS> 44,067,787 <PP&E> 12,929,918 <DEPRECIATION> 3,098,683 <TOTAL-ASSETS> 54,265,516 <CURRENT-LIABILITIES> 1,136,893 <BONDS> 27,056,847 <COMMON> 143,873 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 17,617,353 <TOTAL-LIABILITY-AND-EQUITY> 54,265,516 <SALES> 1,793,160 <TOTAL-REVENUES> 2,055,418 <CGS> 1,605,419 <TOTAL-COSTS> 668,001 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 81,910 <INCOME-PRETAX> (351,592) <INCOME-TAX> (133,590) <INCOME-CONTINUING> (218,002) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (218,002) <EPS-PRIMARY> (.15) <EPS-DILUTED> (.15)