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<PAGE>
Exhibit 11 Statement re Computation of Per Share Earnings
Weighted Average shares Outstanding
Quarter Ended
September 30, 2000
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Shares Outstanding June 30, 2000 9,455,744
Total shares outstanding September 30, 2000 9,455,744
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Weighted average shares outstanding 9,455,744
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Net loss for the three months ended September 30, 2000 $(5,691,000)
Net loss per share, basic and fully diluted $( 0.60)
Weighted Average shares Outstanding
Nine Months Ended
September 30, 2000
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Shares Outstanding December 31, 1999 8,609,574
Additional shares issued March 31, 2000 429,764
Additional shares issued May 25, 2000 220,000
Additional shares issued June 12, 2000 65,156
Additional shares issued June 30, 2000 131,250
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Total shares outstanding September 30, 2000 9,455,744
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Weighted average shares outstanding 9,072,695
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Net loss for the nine months ended September 30, 2000 $(15,350,000)
Net loss per share, basic and fully diluted $( 1.69)
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