<ARTICLE>                     5
<LEGEND>
                              THE   SCHEDULE    CONTAINS    SUMMARY    FINANCIAL
                              INFORMATION  EXTRACTED FROM THE REGISTRANTS  FIRST
                              QUARTER  1996   CONSOLIDATED   BALANCE  SHEET  AND
                              CONSOLIDATED STATEMENT OF OPERATIONS FOR THE THREE
                              MONTHS  ENDED MARCH 31, 1996 AND IS  QUALIFIED  IN
                              ITS  ENTIRETY  BY  REFERNECE  TO  SUCH   FINANCIAL
                              STATEMENTS
</LEGEND>
<MULTIPLIER>                                          1
<CURRENCY>                                 U.S. DOLLARS
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               MAR-31-1996
<EXCHANGE-RATE>                                      1
<CASH>                                       3,463,828
<SECURITIES>                                         0
<RECEIVABLES>                               12,172,003
<ALLOWANCES>                                 2,680,982
<INVENTORY>                                 19,390,248
<CURRENT-ASSETS>                            32,345,097
<PP&E>                                       2,055,705
<DEPRECIATION>                                 695,232
<TOTAL-ASSETS>                              39,546,039
<CURRENT-LIABILITIES>                        3,559,589
<BONDS>                                     17,945,347
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                  1,485,029
<COMMON>                                     9,424,638
<OTHER-SE>                                      37,720
<TOTAL-LIABILITY-AND-EQUITY>                39,546,039
<SALES>                                      4,950,350
<TOTAL-REVENUES>                             7,268,093
<CGS>                                        1,735,257
<TOTAL-COSTS>                                5,718,813
<OTHER-EXPENSES>                               675,285
<LOSS-PROVISION>                               290,180
<INTEREST-EXPENSE>                             471,094
<INCOME-PRETAX>                                317,214
<INCOME-TAX>                                    74,496
<INCOME-CONTINUING>                             97,548
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    97,548
<EPS-PRIMARY>                                      .01
<EPS-DILUTED>                                      .01