<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> MAR-31-1998 <CASH> 28,107 <SECURITIES> 2,000,000 <RECEIVABLES> 3,211,948 <ALLOWANCES> 601,350 <INVENTORY> 0 <CURRENT-ASSETS> 2,837,437 <PP&E> 9,974,924 <DEPRECIATION> 4,905,968 <TOTAL-ASSETS> 10,394,814 <CURRENT-LIABILITIES> 8,604,298 <BONDS> 753,756 <PREFERRED-MANDATORY> 0 <PREFERRED> 1,475,260 <COMMON> 1,936 <OTHER-SE> (440,436) <TOTAL-LIABILITY-AND-EQUITY> 10,394,814 <SALES> 0 <TOTAL-REVENUES> 2,797,303 <CGS> 0 <TOTAL-COSTS> 1,231,119 <OTHER-EXPENSES> 1,315,506 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 155,540 <INCOME-PRETAX> 95,138 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 95,138 <EPS-PRIMARY> .03 <EPS-DILUTED> 0