<ARTICLE> 5 <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> 205,876 <SECURITIES> 0 <RECEIVABLES> 26,284,214 <ALLOWANCES> 0 <INVENTORY> 10,360,068 <CURRENT-ASSETS> 37,620,137 <PP&E> 17,278,765 <DEPRECIATION> 0 <TOTAL-ASSETS> 77,681,309 <CURRENT-LIABILITIES> 20,248,217 <BONDS> 9,031,852 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 89,786 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 77,681,309 <SALES> 0 <TOTAL-REVENUES> 16,742,512 <CGS> 0 <TOTAL-COSTS> 11,378,206 <OTHER-EXPENSES> 3,890,444 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 331,683 <INCOME-PRETAX> 1,142,179 <INCOME-TAX> 457,000 <INCOME-CONTINUING> 685,179 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 685,179 <EPS-PRIMARY> .08 <EPS-DILUTED> 0