<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> SEP-30-1998 <CASH> 165 <SECURITIES> 0 <RECEIVABLES> 3,028 <ALLOWANCES> 0 <INVENTORY> 5,396 <CURRENT-ASSETS> 11,422 <PP&E> 3,994 <DEPRECIATION> 0 <TOTAL-ASSETS> 79,375 <CURRENT-LIABILITIES> 11,806 <BONDS> 33,828 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 19 <OTHER-SE> 32,818 <TOTAL-LIABILITY-AND-EQUITY> 79,375 <SALES> 2,241 <TOTAL-REVENUES> 2,241 <CGS> 1,219 <TOTAL-COSTS> 6,845 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,324 <INCOME-PRETAX> 7,135 <INCOME-TAX> 0 <INCOME-CONTINUING> 7,135 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 7,135 <EPS-PRIMARY> (0.78) <EPS-DILUTED> (0.78)