<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> DEC-31-1998 <CASH> 232,000 <SECURITIES> 0 <RECEIVABLES> 7,555,000 <ALLOWANCES> 164,000 <INVENTORY> 0 <CURRENT-ASSETS> 8,809,000 <PP&E> 15,080,000 <DEPRECIATION> 3,093,000 <TOTAL-ASSETS> 69,266,000 <CURRENT-LIABILITIES> 11,187,000 <BONDS> 74,189,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 37,000 <OTHER-SE> (16,629,000) <TOTAL-LIABILITY-AND-EQUITY> 69,266,000 <SALES> 46,820,000 <TOTAL-REVENUES> 46,820,000 <CGS> 0 <TOTAL-COSTS> 24,321,000 <OTHER-EXPENSES> 21,721,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 12,629,000 <INCOME-PRETAX> (11,851,000) <INCOME-TAX> 26,000 <INCOME-CONTINUING> (11,877,000) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (11,877,000) <EPS-PRIMARY> (3.27) <EPS-DILUTED> (3.27)