<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> MAR-31-1997 <CASH> (37,806) <SECURITIES> 103,831 <RECEIVABLES> 442,667 <ALLOWANCES> 0 <INVENTORY> 389,813 <CURRENT-ASSETS> 948,004 <PP&E> 18,842,046 <DEPRECIATION> 392,281 <TOTAL-ASSETS> 24,104,102 <CURRENT-LIABILITIES> 3,440,801 <BONDS> 13,120,935 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 141,845 <OTHER-SE> 14,285,281 <TOTAL-LIABILITY-AND-EQUITY> 24,104,102 <SALES> 3,698,647 <TOTAL-REVENUES> 3,698,647 <CGS> 2,616,333 <TOTAL-COSTS> 2,441,491 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,086,725 <INCOME-PRETAX> (1,345,292) <INCOME-TAX> 0 <INCOME-CONTINUING> (1,345,292) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,345,292) <EPS-PRIMARY> (0.095) <EPS-DILUTED> (0.095)