EXHIBIT 11
TALK VISUAL CORPORATION
COMPUTATION OF WEIGHTED AVERAGE COMMON STOCK SHARES OUTSTANDING
<TABLE>
<CAPTION>
Three Months Six Months
Total Number Ended Ended
of Shares Sept 30, 2000 Sept 30, 2000
------------ ------------- -------------
<S> <C> <C> <C> <C>
Outstanding shares as of January 1, 2000 32,060,977 32,060,977 32,060,977
Issuance of shares to former employee 01/14/00 10,000 10,000 9,524
Private placements on 01/31/00 1,979,284 1,979,284 1,761,780
Exercise of options on 01/31/00 150,000 150,000 133,516
Preferred stock exchange on 02/24/00 1,150,000 1,150,000 922,527
Exercise of options on 02/28/00 50,000 50,000 39,377
Preferred stock exchange on 03/03/00 2,000,000 2,000,000 1,545,788
Exercise of options on 03/14/00 450,000 450,000 329,670
Exercise of options on 03/16/00 450,000 450,000 326,374
Debt exchange on 03/23/00 100,000 100,000 69,963
Issue of common shares for services on 03/27/00 45,000 45,000 30,824
Private placements on 03/27/00 2,262,038 2,262,038 1,549,455
Preferred stock exchange on 04/18/00 2,170,590 2,170,590 1,311,895
Preferred stock exchange on 05/01/00 1,000,000 1,000,000 556,777
Preferred stock exchange on 05/30/00 1,348,202 1,348,202 607,432
Preferred stock exchange on 06/14/00 1,000,000 1,000,000 395,604
Issue of common shares for services on 06/29/00 157,250 157,250 53,569
Exercise of options on 06/29/00 841,935 841,935 286,813
Private placements on 06/29/00 3,412,968 3,412,968 1,162,659
Private placements on 07/17/00 1,707,433 1,391,929 469,075
Preferred stock exchange on 07/17/00 1,848,583 1,506,997 507,852
Preferred stock exchange on 07/24/00 2,000,000 1,478,261 498,168
Acquisition of stores on 07/20/00 1,066,718 834,823 281,332
Preferred stock exchange on 08/28/00 1,000,000 358,696 120,879
Exercise of options on 08/28/00 1,750,000 627,717 211,538
Private placements on 08/30/00 140,647 47,392 15,971
Private placements on 09/22/00 237,042 20,612 6,946
Equity issue with EnterTech Media 09/27/00 3,000,000 97,826 32,967
Private placements on 09/29/00 811,249 8,818 2,972
Issue of common shares for services on 09/29/00 2,500 27 9
---------- ---------- ----------
Total Weighted Average Shares Outstanding 64,202,416 57,011,342 45,302,236
========== ========== ==========
Net Loss before extraordinary item $(1,378,625) $(3,577,859)
Extraordinary item - 122,347
---------- ----------
Net Loss after extraordinary item $(1,378,625) $(3,455,512)
========== ==========
Net loss per common share before extraordinary item $ (0.02) $ (0.08)
Extraordinary item - 0.00
Net Loss per common share (1) $ (0.02) $ (0.08)
</TABLE>
(1) The effect of common stock options and warrants are excluded from diluted
earnings per share as their inclusion would be anti-dilutive for the three month
and nine month periods ending September 30, 2000.
