<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS FINANCIAL INFORMATION EXTRACTED FROM THE CONSOLIDATED FINANCIAL STATEMENTS OF THE COMPANY FOR THE THREE MONTH PERIOD ENDED MAY 31, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> AUG-31-1998 <PERIOD-START> MAR-1-1998 <PERIOD-END> MAY-31-1998 <CASH> 31,136 <SECURITIES> 0 <RECEIVABLES> 1,428,969 <ALLOWANCES> 110,000 <INVENTORY> 213,437 <CURRENT-ASSETS> 2,684,046 <PP&E> 11,745,542 <DEPRECIATION> 278,680 <TOTAL-ASSETS> 16,344,938 <CURRENT-LIABILITIES> 3,492,300 <BONDS> 4,210,508 <PREFERRED-MANDATORY> 1,064,169 <PREFERRED> 3,616,694 <COMMON> 6,255,570 <OTHER-SE> (2,199,566) <TOTAL-LIABILITY-AND-EQUITY> 16,344,938 <SALES> 3,182,098 <TOTAL-REVENUES> 3,315,264 <CGS> 2,306,827 <TOTAL-COSTS> 3,256,819 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 181,657 <INCOME-PRETAX> (123,213) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (123,213) <EPS-PRIMARY> (.06) <EPS-DILUTED> (.06)