<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 REFERENCE TO SUCH FINANCIAL STATEMENTS
</LEGEND>
<RESTATED>
<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>                                                                4,897,089
<TOTAL-REVENUES>                                                       7,401,871
<CGS>                                                                    777,338
<TOTAL-COSTS>                                                          6,639,676
<OTHER-EXPENSES>                                                               0
<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>                                                                .03
<EPS-DILUTED>                                                                .03