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                                                                      EXHIBIT 11

               ELECTRONIC TELE-COMMUNICATIONS, INC. AND SUBSIDIARY
                        COMPUTATION OF EARNINGS PER SHARE
      THREE-MONTH AND NINE-MONTH PERIODS ENDED SEPTEMBER 30, 1998 AND 1997


Earnings (loss) net of dividends paid (undistributed earnings) are allocated
equally per share to weighted average Class A shares, as adjusted for the
dilutive effect of stock options using the treasury stock method, and weighted
average Class B shares outstanding during the year. Earnings (loss) per Class A
and Class B common share were computed, as shown in the table below, by adding
dividends paid per Class A and Class B common share (distributed earnings) to
undistributed earnings.


The following table sets forth the computation of basic and diluted earnings per
share:

<TABLE>
<CAPTION>
                                                              THREE MONTHS ENDED             NINE MONTHS ENDED
                                                                 SEPTEMBER 30                   SEPTEMBER 30
                                                               1998         1997              1998         1997
                                                          ------------------------       ------------------------
<S>                                                       <C>           <C>              <C>           <C>
Numerator for basic and diluted earnings per share:
 Net earnings (loss)                                      $   20,682    $ (397,592)      $ (171,367)   $ (305,041)
 Less dividends paid:
  Class A common                                                   -       120,237           80,358       240,474
  Class B common                                                   -        20,000                -        20,000
                                                          ------------------------       ------------------------
 Undistributed earnings (loss)                            $   20,682    $ (537,829)      $ (251,725)   $ (565,515)


Denominator for basic and diluted earnings per share:
 Weighted average shares:
  Class A common                                           2,008,949     2,003,949        2,008,949     2,003,949
  Class B common                                             499,998       500,000          499,998       500,000
                                                          ------------------------       ------------------------
   Total                                                   2,508,947     2,503,949        2,508,947     2,503,949


Calculation of basic and diluted earnings (loss) per share:
 Class A common:
  Distributed earnings                                    $        -    $     0.06       $     0.04    $     0.12
  Undistributed earnings (loss)                                 0.01         (0.21)           (0.10)        (0.23)
                                                          ------------------------       ------------------------
   Basic and diluted earnings (loss) per share            $     0.01    $    (0.15)      $    (0.06)   $    (0.11)
                                                          ========================       ========================

 Class B common:
  Distributed earnings                                    $        -    $     0.04       $        -    $     0.04
  Undistributed earnings (loss)                                 0.01         (0.21)           (0.10)        (0.23)
                                                          ------------------------       ------------------------
   Basic and diluted earnings (loss) per share            $     0.01    $    (0.17)      $    (0.10)   $    (0.19)
                                                          ========================       ========================
</TABLE>

Options to purchase shares of Class A common stock under the Company's
Nonqualified Stock Option Plan were outstanding during the three-month and
nine-month periods ended September 30, 1998 and 1997. However, these shares were
not included in the computation of diluted earnings per share because the
options' exercise price was greater than the average market price of the common
shares and, therefore, the effect would be antidilutive.