Exhibit (11) - Statement Re: Computation of Earnings Per Share and
Pro Forma Earnings Per Share
<TABLE>
<CAPTION>
Year Ended September 30,
2000 1999 1998
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<S> <C> <C> <C>
Average number of shares outstanding 12,183,022 8,976,640 8,307,342
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Net loss $ (5,906,000) $ (10,582,000) $ (10,404,000)
Less: cumulative dividend on
redeemable preferred stock $ (29,000) $ (805,000) $ (895,000)
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Loss applicable to common shares $ (5,935,000) $ (11,387,000) $ (11,299,000)
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Net loss per share $ (0.49) $ (1.27) $ (1.36)
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</TABLE>
