CELERITY SOLUTIONS, INC.

EXHIBIT 11.1

CELERITY SOLUTIONS, INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER COMMON SHARE

<TABLE>
<CAPTION>
                                                                               (UNAUDITED)

                                                          Three Months Ended                     Six Months Ended
                                                    ---------------------------------------------------------------------
                                                             September 30                          September 30
                                                    ---------------------------------------------------------------------
Six Months Ended June 30                                1997              1996               1997              1996
                                                    ---------------------------------------------------------------------
<S>                                                 <C>                <C>                <C>                <C>        
PRIMARY EARNINGS PER SHARE
Net Income (Loss)                                   $ (169,326)        $(1,026,772)       $1,504,386         $ (945,032)
Interest income from using the treasury                                                                      
stock method                                                                                 170,528         
                                                    ---------------------------------------------------------------------
Net Income                                          $ (169,326)        $(1,026,772)       $1,674,914         $ (945,032)
                                                    =====================================================================
                                                                                                             
Weighted average number of share                                                                             
  outstanding during the three months                6,032,065           4,832,065         6,032,065          4,832,065
Incremental shares issuable pursuant                                                                         
  to outstanding options and warrants                        *                   *           927,328                  *
                                                    ---------------------------------------------------------------------
Weighted average number of shares used in                                                                    
the computation of net income per share              6,032,065           4,832,065         6,959,393          4,832,065
                                                    =====================================================================
Primary earning per common share                    $     (.03)        $      (.21)       $      .24         $     (.20)
                                                    =====================================================================
</TABLE>

*Antidilutive

Fully  diluted  and  primary  net  income  per  share for the six  months  ended
September 30,1997 were not materially different.