<ARTICLE> 5 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> MAY-31-1999 <PERIOD-START> JUN-01-1998 <PERIOD-END> MAY-31-1999 <CASH> 4,283,930 <SECURITIES> 0 <RECEIVABLES> 23,775,879 <ALLOWANCES> 3,994,269 <INVENTORY> 0 <CURRENT-ASSETS> 5,302,335 <PP&E> 11,334,878 <DEPRECIATION> 5,202,266 <TOTAL-ASSETS> 45,991,970 <CURRENT-LIABILITIES> 8,411,208 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 27,000,000 <COMMON> 34,762 <OTHER-SE> (14,735,103) <TOTAL-LIABILITY-AND-EQUITY> 45,991,970 <SALES> 0 <TOTAL-REVENUES> 41,706,212 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 4,607,081 <INTEREST-EXPENSE> 4,029,491 <INCOME-PRETAX> 3,633,697 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,833,698 <EPS-BASIC> 0.05 <EPS-DILUTED> 0.05