EXHIBIT 11.1 ALL COMMUNICATIONS CORPORATION COMPUTATION OF INCOME PER SHARE YEARS ENDED DECEMBER 31, ------------------------ 1996 1995 ---------- ---------- Net income............................................................................ $ 51,603 $ 9,220 ---------- ---------- ---------- ---------- Weighted average number of common shares outstanding.................................. 1,816,804 1,723,287 Add -- Shares issuable from assumed conversion of 12% Convertible Subordinated Notes (as determined by the application of the treasury stock method in accordance with SAB 83, Topic 4-D).................................................................. 160,714 160,714 ---------- ---------- Weighted average number of common shares outstanding, as adjusted..................... 1,977,518 1,884,001 ---------- ---------- ---------- ---------- Net income per share.................................................................. $.03 $.01 ---------- ---------- ---------- ----------