<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> SEP-30-1997 <CASH> 550,331 <SECURITIES> 0 <RECEIVABLES> 939,983 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,507,646 <PP&E> 4,459,406 <DEPRECIATION> 2,487,640 <TOTAL-ASSETS> 6,108,712 <CURRENT-LIABILITIES> 1,686,169 <BONDS> 0 <COMMON> 237,945 <PREFERRED-MANDATORY> 0 <PREFERRED> 2,985,636 <OTHER-SE> 1,515,535 <TOTAL-LIABILITY-AND-EQUITY> 6,108,712 <SALES> 4,708,153 <TOTAL-REVENUES> 4,708,153 <CGS> 0 <TOTAL-COSTS> 2,347,507 <OTHER-EXPENSES> 1,527,577 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 360,965 <INCOME-PRETAX> 504,758 <INCOME-TAX> (2,620,000) <INCOME-CONTINUING> 3,124,758 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 3,124,758 <EPS-PRIMARY> .13 <EPS-DILUTED> .05