
<TABLE> <S> <C>

<PAGE>
 
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM CONDENSED
CONSOLIDATED FINANCIAL STATEMENTS OF THE COMPANY AT MARCH 31, 1996 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               MAR-31-1996
<CASH>                                       3,420,757<F1>
<SECURITIES>                                         0
<RECEIVABLES>                                9,316,307<F2>
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                            11,855,349
<PP&E>                                       7,077,262
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                              46,239,009
<CURRENT-LIABILITIES>                        8,470,110
<BONDS>                                      8,596,580
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                       121,454
<OTHER-SE>                                   2,942,352
<TOTAL-LIABILITY-AND-EQUITY>                46,239,009
<SALES>                                     10,765,515
<TOTAL-REVENUES>                            10,765,515
<CGS>                                        4,279,593
<TOTAL-COSTS>                                4,279,593
<OTHER-EXPENSES>                             5,169,428
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              37,511
<INCOME-PRETAX>                              1,367,217
<INCOME-TAX>                                   575,000
<INCOME-CONTINUING>                            792,217
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   792,217
<EPS-PRIMARY>                                      .07
<EPS-DILUTED>                                      .07
<FN>
<F1>CASH INCLUDES $2,306,930 WHICH IS RESTRICTED IN USE
<F2>RECEIVABLES INCLUDES NOTES RECEIVABLE OF $1,862,555 WHICH ARE NONCURRENT
<FN>
        

</TABLE>
