<PAGE> 54
EXHIBIT (11)

STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS (LOSS):

    (A)  Computation of the weighted average number of shares of common stock
         outstanding for the years ended September 30, 1998, 1997 and 1996:
<TABLE>
<CAPTION>                                                                    WEIGHTED
                             SHARES OF    NUMBER OF DAYS    NUMBER OF     NUMBER OF SHARES
                           COMMON STOCK    OUTSTANDING      SHARE DAYS      OUTSTANDING   
                           ------------   --------------  --------------  ----------------
<S>                        <C>            <C>             <C>             <C>
1998
----
October 1 - September 30     6,646,677         365         2,426,037,057
Treasury Stock Purchases    (   12,421)      Various      (    1,854,115)
Shares Issued                  226,996       Various          44,592,437
                            ----------                     -------------
                             6,861,252                     2,468,775,379      6,763,768
                            ==========                     =============      =========


1997
----
October 1 - September 30     6,658,487         365         2,430,347,718
Treasury Stock Purchases    (   50,500)      Various      (   15,179,575)
Shares Issued                   38,690       Various           9,134,740
                             ---------                     -------------
                             6,646,677                     2,424,302,883      6,641,926
                             =========                     =============      =========


1996
----
October 1 - September 30     6,345,465         366         2,322,440,346
Treasury Stock Purchases    (   94,075)      Various      (    8,164,523)
Shares Issued                  407,097       Various          68,185,760
                             ---------                     -------------
                             6,658,487                     2,382,461,583      6,509,458
                             =========                     =============      =========

</TABLE>


















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<PAGE> 55
  (B)  Computation of Earnings (Loss) Per Share:

       Computation of earnings (loss) per share is net earnings divided by the 
       weighted average number of shares of common stock outstanding for the 
       years ended September 30,
<TABLE>
<CAPTION>
                                             1998          1997         1996   
                                          ----------    ----------   ----------
<S>                                      <C>           <C>           <C>
Basic:
 Weighted average number of shares
  of common stock outstanding              6,763,768     6,641,926    6,509,458
                                          ----------    ----------   ----------
 Earnings (loss) before extraordinary
  item and cumulative effect of 
  accounting change                      ($  127,640)  ($4,575,925)  $2,971,044
 Extraordinary item-loss from debt
  extinguishment                             244,315             0            0
 Cumulative effect of accounting  
  change                                           0   ( 1,468,140)           0 
                                          ----------    ----------   ----------
 Net earnings (loss)                     ($  371,955)  ($6,044,065)  $2,971,044
                                          ----------    ----------   ----------
 Earnings (loss) per share before 
  extraordinary item and cumulative
  effect of accounting change            ($     0.02)  ($     0.69)  $     0.46
 Loss per share from extraordinary
  item                                   (      0.03)         0.00         0.00
 Loss per share from cumulative 
  effect of accounting change                   0.00   (      0.22)        0.00
                                          ----------    ----------   ----------
 Net earnings (loss) per share           ($     0.05)  ($     0.91)  $     0.46
                                          ==========    ==========   ==========
Assumuming dilution:
 Weighted average number of shares 
  of common stock outstanding              6,763,768     6,641,926    6,509,458
 Net effect of dilutive stock 
  options-not included if the 
  effect was antidilutive                          0             0      250,038
                                          ----------    ----------   ----------
 Total                                     6,763,768     6,641,926    6,759,496
                                          ----------    ----------   ----------
 Earnings (loss) before extraordinary
  item and cumulative effect of 
  accounting change                      ($  127,640)  ($4,575,925)  $2,971,044
 Extraordinary item-loss from debt
  extinguishment                             244,315             0            0
 Cumulative effect of accounting 
  change                                           0   ( 1,468,140)           0 
                                          ----------    ----------   ----------
 Net earnings (loss)                     ($  371,955)  ($6,044,065)  $2,971,044
                                          ----------    ----------   ----------
 Earnings (loss) per share before 
  extraordinary item and cumulative
  effect of accounting change            ($     0.02)  ($     0.69)  $     0.44
 Loss per share from extraordinary
  item                                   (      0.03)         0.00         0.00
 Loss per share from cumulative 
  effect of accounting change                   0.00   (      0.22)        0.00
                                          ----------    ----------   ----------
 Net earnings (loss) per share           ($     0.05)  ($     0.91)  $     0.44
                                          ==========    ==========   ==========


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</TABLE>