<ARTICLE> 5 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> DEC-31-1999 <CASH> 3,410,410 <SECURITIES> 0 <RECEIVABLES> 4,912,802 <ALLOWANCES> 231,000 <INVENTORY> 0 <CURRENT-ASSETS> 10,329,208 <PP&E> 19,633,049 <DEPRECIATION> 7,259,775 <TOTAL-ASSETS> 83,727,155 <CURRENT-LIABILITIES> 3,114,586 <BONDS> 25,331,307 <PREFERRED-MANDATORY> 89,265,352 <PREFERRED> 3,684,336 <COMMON> 2,400 <OTHER-SE> (41,496,051) <TOTAL-LIABILITY-AND-EQUITY> 83,727,155 <SALES> 25,612,933 <TOTAL-REVENUES> 23,853,809 <CGS> 0 <TOTAL-COSTS> 24,466,207 <OTHER-EXPENSES> (163,649) <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 5,248,546 <INCOME-PRETAX> (6,299,521) <INCOME-TAX> 0 <INCOME-CONTINUING> (6,299,521) <DISCONTINUED> 0 <EXTRAORDINARY> (471,216) <CHANGES> 0 <NET-INCOME> (6,770,737) <EPS-BASIC> (121.65) <EPS-DILUTED> (121.65)