<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> SEP-30-1999 <PERIOD-START> OCT-01-1998 <PERIOD-END> DEC-31-1998 <CASH> 122,753 <SECURITIES> 0 <RECEIVABLES> 18,703,909 <ALLOWANCES> (2,613,709) <INVENTORY> 630,671 <CURRENT-ASSETS> 0 <PP&E> 310,097 <DEPRECIATION> 175,130 <TOTAL-ASSETS> 18,373,927 <CURRENT-LIABILITIES> 12,941,299 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 39,450 <OTHER-SE> 9,602,421 <TOTAL-LIABILITY-AND-EQUITY> 18,373,927 <SALES> 1,244,909 <TOTAL-REVENUES> 1,244,909 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 626,178 <LOSS-PROVISION> 250,000 <INTEREST-EXPENSE> 277,290 <INCOME-PRETAX> 91,441 <INCOME-TAX> 36,574 <INCOME-CONTINUING> 54,867 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 54,867 <EPS-PRIMARY> .01 <EPS-DILUTED> .01