<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> MAR-31-1998 <CASH> 2,770,998 <SECURITIES> 0 <RECEIVABLES> 3,038,806 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 6,621,858 <PP&E> 2,817,848 <DEPRECIATION> 0 <TOTAL-ASSETS> 10,415,412 <CURRENT-LIABILITIES> 4,053,693 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 15,217 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 10,415,412 <SALES> 0 <TOTAL-REVENUES> 4,599,568 <CGS> 0 <TOTAL-COSTS> 4,186,028 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 19,127 <INCOME-PRETAX> 413,540 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 413,540 <EPS-PRIMARY> .28 <EPS-DILUTED> .28