<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> APR-30-1998 <PERIOD-END> JAN-31-1998 <CASH> 16,029,565 <SECURITIES> 215,156 <RECEIVABLES> 13,790,482 <ALLOWANCES> (21,500) <INVENTORY> 0 <CURRENT-ASSETS> 26,045,039 <PP&E> 2,818,907 <DEPRECIATION> (271,851) <TOTAL-ASSETS> 38,394,654 <CURRENT-LIABILITIES> 4,888,462 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 95,690 <OTHER-SE> 33,059,071 <TOTAL-LIABILITY-AND-EQUITY> 38,394,654 <SALES> 0 <TOTAL-REVENUES> 2,214,481 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 3,658,618 <LOSS-PROVISION> 21,500 <INTEREST-EXPENSE> 81,695 <INCOME-PRETAX> (949,875) <INCOME-TAX> (603,348) <INCOME-CONTINUING> (346,527) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (346,527) <EPS-PRIMARY> (.03) <EPS-DILUTED> (.03)