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AMERIKING, INC.
CALCULATION OF EPS
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<CAPTION>
Dec. 28, 1999 to Dec. 29, 1998 to
June 26, 2000 June 28, 1999
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<S> <C> <C>
INCOME (LOSS) BEFORE EXTRAORDINARY ITEM...... $(2,280,000) $ 193,000
Earnings available to stockholders
Dividends
Preferred Stock............................ (306,000) (288,000)
Senior Preferred Stock..................... (2,917,000) (2,575,000)
Amortization of issuance costs............... $ (59,000) $ (60,000)
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Income (loss) before extraordinary item
available to common stockholders............ (5,562,000) (2,730,000)
Extraordinary item--loss from early
extinguishment of debt (net of taxes)....... -- --
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Income (loss) available to common
stockholders................................ (5,562,000) (2,730,000)
Weighted average number of common shares..... 902,992 902,992
Dilutive effect of options and warrants...... -- --
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Weighted average number of common shares
outstanding--basic.......................... 902,992 902,992
Net income (loss) per common share before
extraordinary item--basic................... (6.16) (3.02)
Extraordinary item--basic.................... -- --
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Net income (loss) per common share--basic.... (6.16) (3.02)
Net income (loss) per common share before
extraordinary item--diluted................. (6.16) (3.02)
Extraordinary item--diluted.................. -- --
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Net income (loss) per common share--diluted.. (6.16) (3.02)
Weighted average number of common shares
basic:
Original shares............................ 863,290 863,290
Option shares.............................. 9,702 9,702
Warrant shares............................. -- --
Common stock units......................... 30,000 30,000
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Total.................................... 902,992 902,992
Weighted average number of common shares--
diluted
Original shares............................ 863,290 863,290
Option shares.............................. 9,702 9,702
Warrant shares............................. -- --
Common stock units......................... 30,000 30,000
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Total.................................... 902,992 902,992
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