##### 



EXHIBIT 11

STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS

|                                                        |  |                    |            |                    |  |   |            |  
|------------------------------------------------------- |  | ------------------ | ---------- | ------------------ |  | - | ---------- | -
|                                                        |  | For the            |            | For the           
|                                                        |  | Three Months Ended |            | Three Months Ended
|                                                        |  | June 30,           |            | June 30,          
|                                                        |  | 2002               |            | 2001              
|                                                        |  |                    |            |                   
|Net loss                                                |  | $                  | (49,593    | )                  |  | $ | (180,532   | )
|                                                       
|                                                       
|                                                       
|                                                       
|Actual outstanding common shares at beginning of period |  |                    | 50,004,474 |                    |  |   | 50,004,474 |  
|                                                       
|                                                       
|                                                       
|                                                       
|Weighted basic shares                                   |  |                    | 50,004,474 |                    |  |   | 50,004,474 |  
|                                                       
|                                                       
|                                                       
|                                                       
|Weighted diluted shares                                 |  |                    | 50,004,474 |                    |  |   | 50,004,474 |  
|                                                       
|                                                       
|                                                       
|                                                       
|Basic and diluted loss per share                        |  | $                  | 0.00       |                    |  | $ | 0.00       |  

|                                                        |  |                  |            |                  |  |   |            |  
|------------------------------------------------------- |  | ---------------- | ---------- | ---------------- |  | - | ---------- | -
|                                                        |  | For the          |            | For the         
|                                                        |  | Six Months Ended |            | Six Months Ended
|                                                        |  | June 30,         |            | June 30,        
|                                                        |  | 2002             |            | 2001            
|                                                        |  |                  |            |                 
|Net loss                                                |  | $                | (90,166    | )                |  | $ | (43,804    | )
|                                                       
|                                                       
|                                                       
|                                                       
|Actual outstanding common shares at beginning of period |  |                  | 50,004,474 |                  |  |   | 50,004,474 |  
|                                                       
|                                                       
|                                                       
|                                                       
|Weighted basic shares                                   |  |                  | 50,004,474 |                  |  |   | 50,004,474 |  
|                                                       
|                                                       
|                                                       
|                                                       
|Weighted diluted shares                                 |  |                  | 50,004,474 |                  |  |   | 50,004,474 |  
|                                                       
|                                                       
|                                                       
|                                                       
|Basic and diluted loss per share                        |  | $                | 0.00       |                  |  | $ | 0.00       |  

14