<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> JUN-30-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> JUN-30-1997 <CASH> 15,668,544 <SECURITIES> 0 <RECEIVABLES> 7,250,364 <ALLOWANCES> 165,000 <INVENTORY> 0 <CURRENT-ASSETS> 25,155,354 <PP&E> 1,838,650 <DEPRECIATION> 775,002 <TOTAL-ASSETS> 49,958,898 <CURRENT-LIABILITIES> 11,537,185 <BONDS> 0 <COMMON> 68,200 <PREFERRED-MANDATORY> 34,074,687 <PREFERRED> 0 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 49,958,898 <SALES> 30,543,898 <TOTAL-REVENUES> 30,921,623 <CGS> 22,224,814 <TOTAL-COSTS> 23,543,004 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 161,804 <INCOME-PRETAX> 7,216,815 <INCOME-TAX> 3,118,918 <INCOME-CONTINUING> 4,097,897 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 4,097,897 <EPS-PRIMARY> 0 <EPS-DILUTED> 0