EXHIBIT 11
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AGEMARK CORPORATION
STATEMENT REGARDING COMPUTATION OF EARNINGS PER SHARE
YEAR ENDED SEPTEMBER 30,
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2000 1999
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<S> <C> <C>
Common shares actually outstanding, beginning of period............ 1,000,000 1,000,000
Shares cancelled, September 29,1998................................
Issuance of shares to partnerships
Weighted average common shares actually outstanding................ 1,000,000 1,000,000
Stock options issued
January 1, 1999 at $1.10 per share.............................. 166,666
January 1, 1999 at $1.00 per share.............................. 43,750
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Total shares subject to options.................................... 210,416
Total assumed proceeds of exercise................................. $ $ 227,083
Number of shares assumed purchased at $5.97/share(1)............... 38,037
Net shares assumed issued at January 1, 1999....................... 172,379
Stock options issued April 1, 1999
At $1.00 per share.............................................. 18,748
Total shares subject to options.................................... 18,748
Total assumed proceeds of exercise................................. $ $ 18,748
Number of shares assumed purchased at $5.97/share(1)............... 3,140
Net shares assumed issued at April 1, 1999......................... 15,608
Net shares assumed issued prior to October 1, 1999................. 187,986
Net shares attributable to options ceded during the period
Quarter ended December 31, 1999 ((487)*1)....................... (487)
Quarter ended March 31, 2000 ((1,680)*.75)...................... (1,260)
Quarter ended June 30, 2000 ((2,474)*.5)........................ (1,237)
Quarter ended September 30, 2000 ((3,062)*.25).................. (766)
Stock options issued November 10, 1999
At $1.00 per share.............................................. 5,000
Assumed proceeds of exercise....................................... $ 5,000
Number of shares assumed purchased at $5.97/share(1)............... 838
Net shares assumed issued at December 1, 1999...................... 4,162
Stock options issued December 22, 1999
At $1.00 per share.............................................. 3,000
Assumed proceeds of exercise....................................... $ 3,000
Number of shares assumed purchased at $5.97/share(1)............... 503
Net shares assumed issued at January 1, 2000....................... 2,497
Weighted average common shares assumed outstanding for period...... 1,189,579 1,137,088
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(1) There is no market for the Company's shares. For computational purposes
the value assumed is the September 30, 1998 book value per share.
