1 EXHIBIT 11 HOTEL DISCOVERY, INC. COMPUTATION OF NET LOSS PER COMMON SHARE March 29, March 30, 1998 1997 ---- ---- Basic and diluted weighted average number of issued 8,000,189 4,092,400 shares outstanding Effect of: Common stock equivalents outstanding(1) -- -- Shares outstanding used to compute net income (loss) 8,000,189 4,092,400 per share Net loss ($1,000,137) $ (748,520) Basic and Diluted Net loss per share ($0.13) ($0.18) ===== ===== (1) For Basic and Diluted Net loss per share, no common stock equivalents are outstanding due to their anti-dilutive effect.