<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> JUL-31-1997 <PERIOD-END> OCT-31-1997 <CASH> 2,396,508 <SECURITIES> 0 <RECEIVABLES> 10,603,577 <ALLOWANCES> (709,878) <INVENTORY> 1,935,797 <CURRENT-ASSETS> 0 <PP&E> 19,721,219 <DEPRECIATION> (9,191,240) <TOTAL-ASSETS> 30,443,094 <CURRENT-LIABILITIES> 0 <BONDS> 12,108,576 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 290,989 <OTHER-SE> 6,478,836 <TOTAL-LIABILITY-AND-EQUITY> 30,443,094 <SALES> 0 <TOTAL-REVENUES> 6,783,950 <CGS> 0 <TOTAL-COSTS> 4,216,926 <OTHER-EXPENSES> 1,710,373 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 335,376 <INCOME-PRETAX> 214,775 <INCOME-TAX> 78,400 <INCOME-CONTINUING> 136,375 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 137,056 <EPS-PRIMARY> 0.05 <EPS-DILUTED> 0.04