<ARTICLE> 5 <LEGEND> This schedule contains summary financial information from the financial statements of Laboratory Specialists of America, Inc. and Subsidiary for the three months ended March 31, 1998 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> 3,120,960 <SECURITIES> 0 <RECEIVABLES> 2,972,048 <ALLOWANCES> 558,485 <INVENTORY> 70,911 <CURRENT-ASSETS> 5,936,802 <PP&E> 3,535,020 <DEPRECIATION> 1,194,023 <TOTAL-ASSETS> 14,897,338 <CURRENT-LIABILITIES> 2,333,673 <BONDS> 1,865,954 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 4,935 <OTHER-SE> 10,332,928 <TOTAL-LIABILITY-AND-EQUITY> 14,897,338 <SALES> 0 <TOTAL-REVENUES> 3,571,608 <CGS> 0 <TOTAL-COSTS> 1,675,281 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 46,144 <INCOME-PRETAX> 685,497 <INCOME-TAX> 283,937 <INCOME-CONTINUING> 401,560 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 401,560 <EPS-PRIMARY> .08 <EPS-DILUTED> .08