EXHIBIT 11 STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE THREE MONTHS ENDED JANUARY 31, 1996 1995 Weighted average shares outstanding 2,020,156 2,020,156 Net effect of dilutive stock options - based on the treasury stock method using average market price 12,868 3,584 2,033,024 2,023,740 Net income $ 168,342 $ 81,600 Net income per share $ 0.08 $ 0.04