<PAGE> 1
EXHIBIT 11
COMPUTATION OF EARNINGS PER SHARE
A reconciliation of basic to diluted earnings per share for the quarters ended
June 30, 2000 and 1999, is as follows:
<TABLE>
<CAPTION>
2000 1999
------------------------------ ------------------------------
Basic Diluted Basic Diluted
------------ ------------ ------------ ------------
<S> <C> <C> <C> <C>
Net loss $ (816,477) $ (816,477) $ (638,684) $ (638,684)
============ ============ ============ ============
Weighted average number of common
shares outstanding during the
period 4,400,210 4,400,210 4,400,210 4,400,210
Net effect of dilutive stock options
based on the treasury stock
method at market prices -- -- -- --
------------ ------------ ------------ ------------
Shares used for computation 4,400,210 4,400,210 4,400,210 4,400,210
============ ============ ============ ============
Net loss per share $ (0.19) $ (0.19) $ (0.15) $ (0.15)
============ ============ ============ ============
</TABLE>
As the Company incurred a net loss for the quarters ended June 30, 2000 and
1999, there were no adjustments for potentially dilutive securities as the
adjustments would have been antidilutive.
