<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS FINANCIAL INFORMATION EXTRACTED FROM THE CONSOLIDATED FINANCIAL STATEMENTS OF THE COMPANY FOR THE THREE MONTH PERIOD ENDED FEBRUARY 28, 1998 AND IS QUALIFIED IN ITS ENTIETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> AUG-31-1998 <PERIOD-START> DEC-1-1997 <PERIOD-END> FEB-28-1998 <CASH> 38,752 <SECURITIES> 0 <RECEIVABLES> 1,131,891 <ALLOWANCES> 110,000 <INVENTORY> 176,668 <CURRENT-ASSETS> 2,768,292 <PP&E> 11,841,009 <DEPRECIATION> 278,680 <TOTAL-ASSETS> 16,533,174 <CURRENT-LIABILITIES> 3,547,137 <BONDS> 4,391,333 <PREFERRED-MANDATORY> 1,064,169 <PREFERRED> 3,617,253 <COMMON> 5,980,045 <OTHER-SE> (2,066,763) <TOTAL-LIABILITY-AND-EQUITY> 16,533,174 <SALES> 3,653,592 <TOTAL-REVENUES> 3,913,082 <CGS> 2,669,714 <TOTAL-COSTS> 4,107,741 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 167,244 <INCOME-PRETAX> (361,903) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (361,903) <EPS-PRIMARY> (.11) <EPS-DILUTED> (.11)