<ARTICLE> 5 <RESTATED> <CURRENCY> US DOLLARS <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> SEP-30-1998 <EXCHANGE-RATE> 1 <CASH> 393,743 <SECURITIES> 0 <RECEIVABLES> 3,819,723 <ALLOWANCES> 240,000 <INVENTORY> 0 <CURRENT-ASSETS> 12,143,375 <PP&E> 14,885,808 <DEPRECIATION> 5,900,466 <TOTAL-ASSETS> 66,577,504 <CURRENT-LIABILITIES> 12,185,125 <BONDS> 35,048,750 <PREFERRED-MANDATORY> 24,358,753 <PREFERRED> 3,857,891 <COMMON> 2,400 <OTHER-SE> (11,527,496) <TOTAL-LIABILITY-AND-EQUITY> 66,577,504 <SALES> 10,339,931 <TOTAL-REVENUES> 9,484,301 <CGS> 0 <TOTAL-COSTS> 9,553,790 <OTHER-EXPENSES> (6,738) <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 2,029,378 <INCOME-PRETAX> (2,092,129) <INCOME-TAX> 0 <INCOME-CONTINUING> (2,092,129) <DISCONTINUED> 0 <EXTRAORDINARY> (1,170,080) <CHANGES> 0 <NET-INCOME> (3,262,209) <EPS-PRIMARY> (38.38) <EPS-DILUTED> (38.38)