<ARTICLE> 5 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> JUL-31-1996 <PERIOD-START> AUG-01-1995 <PERIOD-END> JUL-31-1996 <CASH> 1,300,867 <SECURITIES> 0 <RECEIVABLES> 10,155,933 <ALLOWANCES> (953,921) <INVENTORY> 2,169,353 <CURRENT-ASSETS> 0 <PP&E> 18,815,096 <DEPRECIATION> (9,362,770) <TOTAL-ASSETS> 28,011,752 <CURRENT-LIABILITIES> 0 <BONDS> 15,142,321 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 257,602 <OTHER-SE> (2,481,716) <TOTAL-LIABILITY-AND-EQUITY> 28,011,752 <SALES> 0 <TOTAL-REVENUES> 29,667,376 <CGS> 0 <TOTAL-COSTS> 17,031,368 <OTHER-EXPENSES> 8,969,309 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,510,985 <INCOME-PRETAX> 2,155,714 <INCOME-TAX> 62,500 <INCOME-CONTINUING> 2,093,214 <DISCONTINUED> 0 <EXTRAORDINARY> 808,000 <CHANGES> 0 <NET-INCOME> 2,960,847 <EPS-PRIMARY> .84 <EPS-DILUTED> .84