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EXHIBIT 11

STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS

|                                                        |  |                    |            |               |  |   |            |  
|------------------------------------------------------- |  | ------------------ | ---------- | ------------- |  | - | ---------- | -
|                                                        |  | Three Months Ended
|                                                        |  |                   
|                                                        |  | September 30,      |            | September 30,
|                                                        |  | 2001               |            | 2000         
|                                                        |  |                    |            |              
|Net loss                                                |  | $                  | (146,865   | )             |  | $ | (282,037   | )
|                                                       
|                                                       
|                                                       
|                                                       
|Actual outstanding common shares
at beginning of period |  |                    | 50,004,474 |               |  |   | 50,000,000 |  
|                                                       
|                                                       
|                                                       
|                                                       
|Weighted basic shares                                   |  |                    | 50,004,474 |               |  |   | 50,000,000 |  
|                                                       
|                                                       
|                                                       
|                                                       
|Weighted diluted shares                                 |  |                    | 50,004,474 |               |  |   | 50,000,000 |  
|                                                       
|                                                       
|                                                       
|                                                       
|Basic and diluted loss per share                        |  | $                  | 0.00       |               |  | $ | (0.01      | )

|                                                        |  |                   |            |               |  |   |            |  
|------------------------------------------------------- |  | ----------------- | ---------- | ------------- |  | - | ---------- | -
|                                                        |  | Nine Months Ended
|                                                        |  |                  
|                                                        |  | September 30,     |            | September 30,
|                                                        |  | 2001              |            | 2000         
|                                                        |  |                   |            |              
|Net loss                                                |  | $                 | (190,669   | )             |  | $ | (3,533,756 | )
|                                                       
|                                                       
|                                                       
|                                                       
|Actual outstanding common shares
at beginning of period |  |                   | 50,004,474 |               |  |   | 50,000,000 |  
|                                                       
|                                                       
|                                                       
|                                                       
|Weighted basic shares                                   |  |                   | 50,004,474 |               |  |   | 50,000,000 |  
|                                                       
|                                                       
|                                                       
|                                                       
|Weighted diluted shares                                 |  |                   | 50,004,474 |               |  |   | 50,000,000 |  
|                                                       
|                                                       
|                                                       
|                                                       
|Basic and diluted loss per share                        |  | $                 | 0.00       |               |  | $ | (0.07      | )

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