<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CONSOLIDATED BALANCE SHEET AND THE CONSOLIDATED STATEMENTS OF OPERATIONS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-END> DEC-31-1995 <CASH> 3,928,832 <SECURITIES> 1,956,707 <RECEIVABLES> 21,664,978 <ALLOWANCES> 43,539,257 <INVENTORY> 0 <CURRENT-ASSETS> 22,553,686 <PP&E> 17,270,032 <DEPRECIATION> 0 <TOTAL-ASSETS> 66,759,704 <CURRENT-LIABILITIES> 26,891,124 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 402,307 <OTHER-SE> (15,242,466) <TOTAL-LIABILITY-AND-EQUITY> 66,759,704 <SALES> 88,884,136 <TOTAL-REVENUES> 45,344,879 <CGS> 0 <TOTAL-COSTS> 98,124,172 <OTHER-EXPENSES> (5,478,952) <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 6,184,302 <INCOME-PRETAX> (58,258,245) <INCOME-TAX> 0 <INCOME-CONTINUING> (58,556,349) <DISCONTINUED> (3,813,314) <EXTRAORDINARY> 940,884 <CHANGES> 0 <NET-INCOME> (61,428,779) <EPS-PRIMARY> (1.61) <EPS-DILUTED> (1.61)