<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> DEC-31-1996 <CASH> 17,718,205 <SECURITIES> 45,625 <RECEIVABLES> 5,462,660 <ALLOWANCES> 165,000 <INVENTORY> 0 <CURRENT-ASSETS> 23,235,559 <PP&E> 1,377,924 <DEPRECIATION> 562,812 <TOTAL-ASSETS> 50,019,939 <CURRENT-LIABILITIES> 14,372,987 <BONDS> 2,000,000 <COMMON> 67,100 <PREFERRED-MANDATORY> 24,781,804 <PREFERRED> 0 <OTHER-SE> 4,300,531 <TOTAL-LIABILITY-AND-EQUITY> 50,019,939 <SALES> 52,604,507 <TOTAL-REVENUES> 53,666,362 <CGS> 39,153,040 <TOTAL-COSTS> 41,874,009 <OTHER-EXPENSES> 0 <LOSS-PROVISION> (97,750) <INTEREST-EXPENSE> 729,088 <INCOME-PRETAX> 11,063,265 <INCOME-TAX> 4,851,034 <INCOME-CONTINUING> 6,212,231 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 6,212,231 <EPS-PRIMARY> 0 <EPS-DILUTED> 0