EXHIBIT 11.1 - STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE
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                                               Three months ended
                                           ---------------------------
                                            March 31,      March 31,
                                              1996           1995
                                           -----------   -------------
                                                   
Primary:
Average Common shares outstanding.......     8,666,527        938,590
Preferred Stock converted to common 
 shares.................................            --      3,031,279
Stock options and warrants issued
 during the period prior to the initial
 public offering using the treasury  
 method (offer price of $14 per share)..            --      1,052,461
Net effect of dilutive stock options -
 based on the treasury stock method 
 using average market price.............       370,134             --
Net effect of dilutive warrants - based
 on the treasury stock method using
 average market price...................        50,329             --
                                            ----------   ------------
 
 
Total Shares............................     9,086,990      5,022,330
                                            ==========    ===========
Net income (loss).......................    $1,257,501    $(1,342,856)
                                            ==========    ===========
Per share amount........................    $     0.14    $     (0.27)
                                            ==========    ===========
 
Fully diluted:
Average Common shares outstanding.......     8,666,527        938,590
Preferred Stock converted to common 
 shares.................................            --      3,031,279
Stock options and warrants issued
 during the period prior to the initial
 public offering using the treasury  
 method (offer price of $14 per share)..            --      1,052,461
Net effect of dilutive stock options -
 based on the treasury stock method
 using fair market price at the end of  
 the period.............................       377,480             --
Net effect of dilutive warrants - based
 on the treasury stock method using
 fair market price at the end of the   
 period.................................        51,200             --
 
Total shares............................     9,095,207      5,022,330
                                            ==========    ===========
Net income (loss).......................    $1,257,501    $(1,342,856)
                                            ==========    ===========
Per share amount........................    $     0.14    $     (0.27)
                                            ==========    ===========