<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> JUN-30-1998 <CASH> 4,534,932 <SECURITIES> 0 <RECEIVABLES> 28,348,849 <ALLOWANCES> 35,441 <INVENTORY> 0 <CURRENT-ASSETS> 33,741,708 <PP&E> 10,211,898 <DEPRECIATION> 1,185,147 <TOTAL-ASSETS> 47,896,411 <CURRENT-LIABILITIES> 28,747,807 <BONDS> 7,571,709 <PREFERRED-MANDATORY> 3,601 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 12,884,783 <TOTAL-LIABILITY-AND-EQUITY> 47,896,411 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 0 <EPS-PRIMARY> 0 <EPS-DILUTED> 0