<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> JUL-31-1997 <PERIOD-END> JAN-31-1997 <CASH> 1,074,866 <SECURITIES> 0 <RECEIVABLES> 11,028,398 <ALLOWANCES> (736,826) <INVENTORY> 2,570,942 <CURRENT-ASSETS> 0 <PP&E> 19,020,926 <DEPRECIATION> (9,533,075) <TOTAL-ASSETS> 28,325,415 <CURRENT-LIABILITIES> 0 <BONDS> 15,372,903 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 259,817 <OTHER-SE> (2,064,813) <TOTAL-LIABILITY-AND-EQUITY> 28,325,415 <SALES> 0 <TOTAL-REVENUES> 16,736,564 <CGS> 0 <TOTAL-COSTS> 10,226,596 <OTHER-EXPENSES> 5,333,209 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 716,317 <INCOME-PRETAX> 460,442 <INCOME-TAX> 68,000 <INCOME-CONTINUING> 392,442 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 369,168 <EPS-PRIMARY> 0.14 <EPS-DILUTED> 0.14