<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> SEP-30-1998 <CASH> 14,902,000 <SECURITIES> 0 <RECEIVABLES> 929,000 <ALLOWANCES> 9,000 <INVENTORY> 0 <CURRENT-ASSETS> 16,321,000 <PP&E> 12,004,000 <DEPRECIATION> 1,429,000 <TOTAL-ASSETS> 29,117,000 <CURRENT-LIABILITIES> 4,159,000 <BONDS> 3,850,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 3,000 <OTHER-SE> 6,621,000 <TOTAL-LIABILITY-AND-EQUITY> 29,117,000 <SALES> 0 <TOTAL-REVENUES> 5,578,000 <CGS> 0 <TOTAL-COSTS> 4,479,000 <OTHER-EXPENSES> 548,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 717,000 <INCOME-PRETAX> (166,000) <INCOME-TAX> 0 <INCOME-CONTINUING> (166,000) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (166,000) <EPS-PRIMARY> (0.05) <EPS-DILUTED> (0.05)