<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM (A) THE
CONSOLIDATED BALANCE SHEET AT JULY 31, 1997 AND THE CONSOLIDATED STATEMENT OF
OPERATIONS AND RETAINED EARNINGS FOR THE TWELVE MONTHS ENDED JULY 31, 1997 AND
IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH (B) CONSOLIDATED FINANCIAL
STATEMENTS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUL-31-1997
<PERIOD-START>                             AUG-01-1996
<PERIOD-END>                               JUL-31-1997
<CASH>                                         797,514
<SECURITIES>                                         0
<RECEIVABLES>                                  676,242
<ALLOWANCES>                                    27,191
<INVENTORY>                                     67,425
<CURRENT-ASSETS>                                     0
<PP&E>                                       1,994,233
<DEPRECIATION>                               1,791,381
<TOTAL-ASSETS>                               7,123,930
<CURRENT-LIABILITIES>                                0
<BONDS>                                      5,035,008
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                     1,723,765
<OTHER-SE>                                 (2,884,631)
<TOTAL-LIABILITY-AND-EQUITY>                 7,123,930
<SALES>                                              0
<TOTAL-REVENUES>                             1,817,795
<CGS>                                                0
<TOTAL-COSTS>                                2,238,729
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             393,283
<INCOME-PRETAX>                              (420,934)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                          (420,934)
<DISCONTINUED>                               (426,050)
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 (846,984)
<EPS-PRIMARY>                                    (.82)
<EPS-DILUTED>                                    (.82)