<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from consolidated balance sheets, and consolidated statements of income of the Company in the Company Form 10-QSB and is qualified in its entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> MAR-31-1998 <CASH> 757,397 <SECURITIES> 0 <RECEIVABLES> 38,473,908 <ALLOWANCES> 483,892 <INVENTORY> 0 <CURRENT-ASSETS> 39,943,596 <PP&E> 1,685,390 <DEPRECIATION> 340,541 <TOTAL-ASSETS> 42,214,637 <CURRENT-LIABILITIES> 40,405,742 <BONDS> 728,854 <PREFERRED-MANDATORY> 0 <PREFERRED> 16 <COMMON> 23,055 <OTHER-SE> 1,056,986 <TOTAL-LIABILITY-AND-EQUITY> 42,214,637 <SALES> 0 <TOTAL-REVENUES> 5,580,680 <CGS> 0 <TOTAL-COSTS> 4,844,180 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (353,886) <INCOME-TAX> 0 <INCOME-CONTINUING> (353,886) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (353,886) <EPS-PRIMARY> (0.24) <EPS-DILUTED> 0