EXHIBIT 11.
COMPUTATION OF EARNINGS PER SHARE
SIX MONTHS ENDED JUNE 30, 2000
(ROUNDED TO THE NEAREST HUNDRED DOLLARS, EXCEPT SHARE DATA)
Weighted average number of common shares outstanding 8,587,115
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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 8,587,115
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Net income (loss) $ (227,600)
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Earnings per share(1) $ (0.03)
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(1) Fully diluted earnings per share have not been presented because the
effects are not material
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