EXHIBIT 11.
COMPUTATION OF EARNINGS PER SHARE
NINE MONTHS ENDED SEPTEMBER 30, 2000
(ROUNDED TO THE NEAREST HUNDRED DOLLARS, EXCEPT SHARE DATA)
Weighted average number of common shares outstanding 8,719,709
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Common stock equivalents - stock options 0
Common stock equivalents - preferred stock 0
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Average common and common stock equivalents outstanding 8,719,709
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Net income (loss) $ (676,100)
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Earnings per share(1) $ (0.08)
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(1) Fully diluted earnings per share have not been presented because
the effects are not material.
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