ICY SPLASH FOOD & BEVERAGE INC
10QSB, EX-11.1, 2000-08-14
BEVERAGES
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                                                                    EXHIBIT 11.1


ICY SPLASH FOOD AND BEVERAGE, INC.

STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE
(Unaudited)


<TABLE>
<CAPTION>
                                                 THREE MONTHS ENDED JUNE 30,         SIX MONTHS ENDED JUNE 30,

                                                    2000             1999             2000              1999
                                                -----------       -----------      -----------       -----------
<S>                                             <C>               <C>              <C>               <C>
BASIC EARNINGS PER SHARE:

Net (loss) income                               $    (4,520)      $    25,751      $   (32,544)      $    22,536
                                                -----------       -----------      -----------       -----------

Weighted average shares outstanding               6,600,000         6,600,000        6,600,000         6,600,000
                                                -----------       -----------      -----------       -----------

Basic earnings per share                        $      --         $      --        $      --         $      --
                                                ===========       ===========      ===========       ===========
Diluted earnings per share:

Net (loss) income                               $    (4,520)      $    25,751      $   (32,544)      $    22,536
                                                -----------       -----------      -----------       -----------

Weighted average and dilutive shares:
    Weighted average shares outstanding           6,600,000         6,600,000        6,600,000         6,600,000
    Dilutive shares (Antidilutive in 2000)             --             950,000             --             950,000
                                                -----------       -----------      -----------       -----------
                                                  6,600,000         7,550,000        6,600,000         7,550,000
                                                -----------       -----------      -----------       -----------

Diluted earnings per share                      $      --         $      --        $      --         $      --
                                                ===========       ===========      ===========       ===========
</TABLE>


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