<ARTICLE> 5 <PERIOD-TYPE> 9-mos <FISCAL-YEAR-END> JUN-30-1997 <PERIOD-START> JUL-01-1996 <PERIOD-END> MAR-31-1997 <CASH> 891,308 <SECURITIES> 2,490,150 <RECEIVABLES> 2,532,160 <ALLOWANCES> 42,010 <INVENTORY> 0 <CURRENT-ASSETS> 7,241,344 <PP&E> 6,106,002 <DEPRECIATION> 1,278,831 <TOTAL-ASSETS> 17,312,147 <CURRENT-LIABILITIES> 4,318,249 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 86,544 <OTHER-SE> 7,698,317 <TOTAL-LIABILITY-AND-EQUITY> 17,312,147 <SALES> 0 <TOTAL-REVENUES> 4,937,969 <CGS> 0 <TOTAL-COSTS> 7,670,980 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 198,569 <INCOME-PRETAX> (2,931,580) <INCOME-TAX> 164,991 <INCOME-CONTINUING> (3,096,571) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (3,096,571) <EPS-PRIMARY> (0.36) <EPS-DILUTED> (0.36)