EXHIBIT 11.1
AMERICA'S SHOPPING MALL, INC.
COMPUTATION OF EARNINGS PER SHARE
Weighted average number of shares
Year ended April 30, 1998
Date Shares # of days
---- ------ ---------
May-97 24,677,200 31 764,993,200
Jun-97 24,677,200 30 740,316,000
Jul-97 24,677,200 31 764,993,200
Aug-97 24,677,200 31 764,993,200
Sep-97 24,677,200 30 740,316,000
Oct-97 24,677,200 31 764,993,200
Nov-97 24,677,200 30 740,316,000
Dec-97 24,677,200 31 764,993,200
Jan-98 24,677,200 31 764,993,200
Feb-98 24,677,200 28 690,961,600
Mar-98 24,677,200 31 764,993,200
Apr-98 24,677,200 30 740,316,000
--- -------------
365 9,007,178,000
=== =============
Average shares outstanding 24,677,200
=============
Shares outstanding -
adjusted for 1-for-30
conversion in July 1999 822,573
=============
Weighted average number of shares
Year ended April 30, 1999
Date Shares # of days
---- ------ ---------
May-98 24,677,200 31 764,993,200
Jun-98 24,677,200 30 740,316,000
Jul-98 24,677,200 31 764,993,200
Aug-98 24,677,200 31 764,993,200
Sep-98 24,677,200 30 740,316,000
Oct-98 24,677,200 31 764,993,200
Nov-98 24,677,200 30 740,316,000
Dec-98 24,677,200 31 764,993,200
Jan-99 24,677,200 31 764,993,200
Feb-99 24,677,200 28 690,961,600
Mar-99 24,677,200 31 764,993,200
April 1 - April 7, 1999 24,677,200 7 172,740,400
April 8- April 30, 1999 31,427,200 23 722,825,600
--- -------------
365 9,162,428,000
=== =============
Average shares outstanding 25,102,542
=============
Shares outstanding -
adjusted for 1-for-30
conversion in July 1999 836,751
=============
Weighted average number of shares
May 1, 1999 to July 31, 1999
Date Shares # of days
---- ------ ---------
May 1- May 25, 1999(A) 1,987,614 25 49,690,350
May 26- May 31, 1999 2,320,948 6 13,925,688
Jun-99 2,320,948 30 69,628,440
Jul-99 2,320,948 31 71,949,388
-- -----------
92 205,193,866
== ===========
Average shares outstanding 2,230,368
===========
(A) 30-Apr-99 31,427,200
---------- = 1,047,614
30
May 1, 1999 shares issued 940,000
-----------
1,987,614
===========