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EGAN SYSTEMS, INC.
COMPUTATION OF PER SHARE EARNINGS
Computation of per share earnings:
The following data show the amounts used in computing earnings per share and the
effect on (loss) income and the weighted average number of shares of dilutive
potential common stock.
<TABLE>
<CAPTION>
Nine Months Ended
SEPTEMBER 30,
2000 1999
---- ----
<S> <C> <C>
(Loss) income available to common stockholders $ (429,945) $ 139,348
============ ===========
Weighted average number of common shares in
primary EPS 19,368,874 18,646,652
Effect of dilutive securities 200,000 4,682,642
------------ ------------
Weighted average number of common shares and
dilutive potential common stock used in
fully diluted EPS 19,568,874 $23,329,294
============ ===========
Net (loss) income per common share:
Basic $ (0.02) $ 0.01
============ ===========
Fully diluted $ - $ 0.01
============ ===========
</TABLE>
For 2000, the effect of dilutive securities were not included in computing fully
diluted EPS because their effects are anti-dilutive.
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