<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from the consolidated balance sheet and the consolidated statement of operations and is qualified in its entirety by reference to such statements. </LEGEND> <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> Dec-31-1997 <PERIOD-END> Dec-31-1997 <CASH> 129,517 <SECURITIES> 0 <RECEIVABLES> 16,933,340 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 20,968,494 <PP&E> 33,401,161 <DEPRECIATION> 0 <TOTAL-ASSETS> 86,339,923 <CURRENT-LIABILITIES> 32,995,527 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 404,332 <OTHER-SE> 25,333,926 <TOTAL-LIABILITY-AND-EQUITY> 86,339,923 <SALES> 0 <TOTAL-REVENUES> 67,018,507 <CGS> 0 <TOTAL-COSTS> 74,686,892 <OTHER-EXPENSES> (15,739,620) <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 9,844,505 <INCOME-PRETAX> (2,343,201) <INCOME-TAX> 0 <INCOME-CONTINUING> (2,343,201) <DISCONTINUED> 0 <EXTRAORDINARY> 1,595,106 <CHANGES> 0 <NET-INCOME> (748,095) <EPS-PRIMARY> (0.02) <EPS-DILUTED> (0.02)