<ARTICLE> 5 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> AUG-31-1998 <PERIOD-START> SEP-01-1997 <PERIOD-END> AUG-31-1998 <CASH> 13,243,571 <SECURITIES> 0 <RECEIVABLES> 3,623,461 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 18,663,746 <PP&E> 6,020,648 <DEPRECIATION> 2,336,242 <TOTAL-ASSETS> 36,856,804 <CURRENT-LIABILITIES> 7,804,682 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 8,125 <OTHER-SE> 26,597,908 <TOTAL-LIABILITY-AND-EQUITY> 36,856,804 <SALES> 0 <TOTAL-REVENUES> 41,167,436 <CGS> 0 <TOTAL-COSTS> 37,556,928 <OTHER-EXPENSES> 7,078,320 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,308 <INCOME-PRETAX> (3,469,120) <INCOME-TAX> (1,148,000) <INCOME-CONTINUING> (2,321,120) <DISCONTINUED> 56,483 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (2,264,637) <EPS-PRIMARY> (0.28) <EPS-DILUTED> (0.28)