<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> AUG-31-1998 <PERIOD-START> SEP-01-1997 <PERIOD-END> FEB-28-1998 <CASH> 10,192,599 <SECURITIES> 0 <RECEIVABLES> 2,868,218 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 15,474,804 <PP&E> 4,286,114 <DEPRECIATION> (2,204,401) <TOTAL-ASSETS> 32,357,963 <CURRENT-LIABILITIES> 4,818,380 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 8,086 <OTHER-SE> 25,339,902 <TOTAL-LIABILITY-AND-EQUITY> 32,357,963 <SALES> 0 <TOTAL-REVENUES> 16,199,729 <CGS> 0 <TOTAL-COSTS> 16,002,828 <OTHER-EXPENSES> 6,395,089 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (6,198,188) <INCOME-TAX> (2,278,000) <INCOME-CONTINUING> (3,920,188) <DISCONTINUED> 56,483 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (3,863,705) <EPS-PRIMARY> (0.48) <EPS-DILUTED> (0.48)