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<PAGE> 1
EXHIBIT 11.1
COMPUTATION OF EARNINGS (LOSS) PER SHARE
<TABLE>
<CAPTION>
THREE MONTHS ENDED SIX MONTHS ENDED
June 30, June 30,
------------------------------- -------------------------------
2000 1999 2000 1999
------------ ------------ ------------ ------------
<S> <C> <C> <C> <C>
PRIMARY AND FULLY DILUTED:
Average shares outstanding 17,498,933 17,489,812 17,494,423 17,201,618
Effect of dilutive stock
equivalents -- 1,953,433 -- --
Effect of shares over market -- (1,291,233) -- --
------------ ------------ ------------ ------------
Total 17,498,933 18,152,012 17,494,423 17,201,618
============ ============ ============ ============
Net earnings (loss) $ (303,433) $ 44,168 $ (343,141) $ (278,491)
============ ============ ============ ============
Primary net earnings (loss)
per share $ (0.017) $ 0.003 $ (0.020) $ (0.016)
============ ============ ============ ============
Fully diluted net earnings
(loss) per share $ (0.017) $ 0.002 $ (0.020) $ (0.016)
============ ============ ============ ============
</TABLE>
12
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