<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> FEB-28-1997 <PERIOD-END> NOV-30-1996 <CASH> 16,733 <SECURITIES> 0 <RECEIVABLES> 37,158 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 121,293 <PP&E> 1,434,553 <DEPRECIATION> 1,017,649 <TOTAL-ASSETS> 5,145,560 <CURRENT-LIABILITIES> 2,830,797 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 750,000 <COMMON> 5,280 <OTHER-SE> 1,271,608 <TOTAL-LIABILITY-AND-EQUITY> 5,145,560 <SALES> 0 <TOTAL-REVENUES> 1,984,287 <CGS> 0 <TOTAL-COSTS> 986,115 <OTHER-EXPENSES> 323,610 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 37,681 <INCOME-PRETAX> 636,881 <INCOME-TAX> 0 <INCOME-CONTINUING> 636,881 <DISCONTINUED> (934,123) <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (297,242) <EPS-PRIMARY> (0.01) <EPS-DILUTED> (0.01)