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EXHIBIT 11STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS   CHECK TECHNOLOGY CORPORATION AND SUBSIDIARIES

|                                                                                   |  | Year Ended
9/30/99 |            | Year Ended
9/30/98 |   | Year Ended
9/30/97
|---------------------------------------------------------------------------------- |  | ------------------ | ---------- | ------------------ | - | ------------------
|Basic                                                                              |  |                    |            |                    |   |                   
|Average shares outstanding                                                         |  |                    | 6,129,225  |                    |   | 6,273,756         
|Net income                                                                         |  | $                  | (1,614,387 | )                  | $ | 198,862           
|                                                                                   |  |                    |            |                    |   |                   
|Basic Earnings per Share                                                           |  | $                  | (0.26      | )                  | $ | 0.03              
|                                                                                   |  |                    |            |                    |   |                   
|Diluted                                                                            |  |                    |            |                    |   |                   
|Average shares outstanding                                                         |  |                    | 6,129,225  |                    |   | 6,273,756         
|Net effect of dilutive stock options and Grantsbased on the treasury stock Method |  |                    |           |                    |   | 16,116            
|                                                                                   |  |                    |            |                    |   |                   
|Diluted shares outstanding                                                         |  |                    | 6,129,225  |                    |   | 6,289,872         
|                                                                                   |  |                    |            |                    |   |                   
|Net income                                                                         |  | $                  | (1,614,387 | )                  | $ | 198,862           
|                                                                                   |  |                    |            |                    |   |                   
|Diluted Earnings per Share                                                         |  | $                  | (0.26      | )                  | $ | 0.03              
|                                                                                   |  |                    |            |                    |   |                   



## QuickLinks

EXHIBIT 11STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS CHECK TECHNOLOGY CORPORATION AND SUBSIDIARIES