<ARTICLE> 5 <LEGEND> The schedule contains summary financial information extracted from the consolidated financial statements of the Company for the fidcal year ended December 31, 1997 for the three months ended March 30, 19997 and March 31, 1998, and is qualified in its entirety by reference to such financial statements. </LEGEND> <MULTIPLIER> 1 <CURRENCY> US DOLLARS <PERIOD-TYPE> YEAR 3-MOS 3-MOS <FISCAL-YEAR-END> DEC-31-1997 DEC-31-1997 DEC-31-1998 <PERIOD-START> JAN-01-1997 JAN-01-1997 JAN-01-1998 <PERIOD-END> DEC-31-1997 MAR-30-1997 MAR-31-1998 <EXCHANGE-RATE> 1 1 1 <CASH> 8,500,000 0 12,288,000 <SECURITIES> 0 0 0 <RECEIVABLES> 9,626,000 0 7,845,000 <ALLOWANCES> (904,000) 0 (735,000) <INVENTORY> 0 0 0 <CURRENT-ASSETS> 17,537,000 0 19,743,000 <PP&E> 7,819,000 0 8,332,000 <DEPRECIATION> (3,387,000) 0 (3,645,000) <TOTAL-ASSETS> 79,225,000 0 83,917,000 <CURRENT-LIABILITIES> 3,287,000 0 5,089,000 <BONDS> 74,954,000 0 79,547,000 <PREFERRED-MANDATORY> 0 0 0 <PREFERRED> 22,968,000 0 23,833,000 <COMMON> 0 0 0 <OTHER-SE> (21,984,000) 0 (24,552,000) <TOTAL-LIABILITY-AND-EQUITY> 79,225,000 0 83,917,000 <SALES> 0 6,298,000 9,097,000 <TOTAL-REVENUES> 0 6,298,000 9,097,000 <CGS> 0 (766,000) (1,074,000) <TOTAL-COSTS> 0 (766,000) (1,074,000) <OTHER-EXPENSES> 0 5,748,000 7,478,000 <LOSS-PROVISION> 0 212,000 326,000 <INTEREST-EXPENSE> 0 1,765,000 2,378,000 <INCOME-PRETAX> 0 (1,960,000) (1,703,000) <INCOME-TAX> 0 0 0 <INCOME-CONTINUING> 0 (1,960,000) (1,703,000) <DISCONTINUED> 0 0 0 <EXTRAORDINARY> 0 0 0 <CHANGES> 0 0 0 <NET-INCOME> 0 (1,960,000) (1,703,000) <EPS-PRIMARY> 0 0 0 <EPS-DILUTED> 0 0 0