<PAGE> 1
EXHIBIT (11)
STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS (LOSS):
(A) Computation of the weighted average number of shares of common stock
outstanding for the year ended September 30, 2000, 1999 and 1998:
<TABLE>
<CAPTION>
WEIGHTED
SHARES OF NUMBER OF DAYS NUMBER OF NUMBER OF SHARES
COMMON STOCK OUTSTANDING SHARE DAYS OUTSTANDING
------------ -------------- -------------- -------------
<S> <C> <C> <C> <C>
2000
----
October 1 - September 30 6,926,125 366 2,534,962,023
Shares Issued 101,284 Various 23,114,861
--------- -------------
7,027,409 2,558,076,884 6,989,281
========= ============= =========
1999
----
October 1 - September 30 6,861,252 365 2,504,356,980
Treasury Stock Purchases (4,119) Various (436,212)
Shares Issued 68,992 Various 9,751,910
--------- -------------
6,926,125 2,513,672,678 6,886,774
========= ============= =========
1998
----
October 1 - September 30 6,646,677 365 2,426,037,057
Treasury Stock Purchases (12,421) Various (1,854,115)
Shares Issued 226,996 Various 44,592,437
--------- -------------
6,861,252 2,468,775,379 6,763,768
========= ============= =========
</TABLE>
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(B) Computation of Earnings (Loss) Per Share:
Computation of earnings (loss) per share is net earnings divided by the
weighted average number of shares of common stock outstanding for the
years ended September 30,
<TABLE>
<CAPTION>
2000 1999 1998
---------- ----------- -----------
<S> <C> <C> <C>
Basic:
Weighted average number of shares
of common stock outstanding 6,989,281 6,886,774 6,763,768
---------- ----------- -----------
Earnings (loss) before extraordinary
item $ 880,139 $(2,235,627) $ (127,640)
Extraordinary item-loss from debt
extinguishment 0 0 (244,315)
---------- ----------- -----------
Net earnings (loss) $ 880,139 $(2,235,627) $ (371,955)
---------- ----------- -----------
Earnings (loss) per share before
extraordinary item $ 0.13 $ (0.32) $ (0.02)
Loss per share from extraordinary
item 0.00 0.00 (0.03)
---------- ----------- -----------
Net earnings (loss) per share $ 0.13 $ (0.32) $ (0.05)
========== =========== ===========
Assumuming dilution:
Weighted average number of shares
of common stock outstanding 6,989,281 6,886,774 6,763,768
Net effect of dilutive stock
options-not included if the
effect was antidilutive 31,349 0 0
---------- ----------- -----------
Total 7,020,630 6,886,774 6,763,768
---------- ----------- -----------
Earnings (loss) before extraordinary
item $ 880,139 $(2,235,627) $ (127,640)
Extraordinary item-loss from debt
extinguishment 0 0 (244,315)
---------- ----------- -----------
Net earnings (loss) $ 880,139 $(2,235,627) $ (371,955)
---------- ----------- -----------
Earnings (loss) per share before
extraordinary item $ 0.13 $ (0.32) $ (0.02)
Loss per share from extraordinary
item 0.00 0.00 (0.03)
---------- ----------- -----------
Net earnings (loss) per share $ 0.13 $ (0.32) $ (0.05)
========== =========== ===========
</TABLE>
