<ARTICLE> 5 <MULTIPLIER> 1 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> OCT-31-1999 <PERIOD-START> NOV-01-1998 <PERIOD-END> OCT-31-1999 <CASH> 59,495 <SECURITIES> 0 <RECEIVABLES> 15,429,057 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 17,627,327 <PP&E> 26,970,584 <DEPRECIATION> 0 <TOTAL-ASSETS> 62,656,414 <CURRENT-LIABILITIES> 37,818,579 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 240,000 <OTHER-SE> (55,359,829) <TOTAL-LIABILITY-AND-EQUITY> 62,656,414 <SALES> 132,569,387 <TOTAL-REVENUES> 67,018,507 <CGS> 0 <TOTAL-COSTS> 74,686,892 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 9,549,337 <INCOME-PRETAX> (1,773,270) <INCOME-TAX> 0 <INCOME-CONTINUING> (1,773,270) <DISCONTINUED> 0 <EXTRAORDINARY> 1,595,106 <CHANGES> 0 <NET-INCOME> (748,095) <EPS-BASIC> (0.02) <EPS-DILUTED> (0.02)