<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> DEC-31-1998 <CASH> 1,413,000 <SECURITIES> 0 <RECEIVABLES> 8,018,000 <ALLOWANCES> 614,000 <INVENTORY> 0 <CURRENT-ASSETS> 10,406,000 <PP&E> 13,241,000 <DEPRECIATION> 3,107,000 <TOTAL-ASSETS> 129,142,000 <CURRENT-LIABILITIES> 9,572,000 <BONDS> 0 <PREFERRED-MANDATORY> 6,000 <PREFERRED> 6,000 <COMMON> 49,000 <OTHER-SE> 52,036,000 <TOTAL-LIABILITY-AND-EQUITY> 129,142,000 <SALES> 45,025,000 <TOTAL-REVENUES> 40,583,000 <CGS> 0 <TOTAL-COSTS> 33,740,000 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 5,995,000 <INCOME-PRETAX> (278,000) <INCOME-TAX> 0 <INCOME-CONTINUING> (278,000) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (5,785,000) <EPS-PRIMARY> (1.18) <EPS-DILUTED> (1.18)