<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> SEP-30-1998 <CASH> 3,478,906 <SECURITIES> 0 <RECEIVABLES> 2,812,636 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 7,071,924 <PP&E> 2,728,725 <DEPRECIATION> 0 <TOTAL-ASSETS> 10,469,695 <CURRENT-LIABILITIES> 3,039,319 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 15,217 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 10,469,695 <SALES> 0 <TOTAL-REVENUES> 14,109,397 <CGS> 0 <TOTAL-COSTS> 12,590,791 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 56,577 <INCOME-PRETAX> 1,518,606 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,518,606 <EPS-PRIMARY> 1.03 <EPS-DILUTED> 1.01