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Centrum Industries, Inc.                                   Exhibit - 11
Computation of Earnings per Share 
March 31, 1998



                                                   Net
                            Average            Outstanding
         Exercise           Market     Net        Share        Days     Weighted    
 Number    Price  Proceeds   Price  Repurchase   Increase   Outstanding  Average    
- --------------------------------------------------------------------------------    
                                                            
  49,600     1.00   49,600     1.96     25,326      24,274          365   24,274    
 440,000     1.00  440,000     1.96    224,662     215,338          365  215,338    
                                                                         -------           
                                                                         239,613    
                                                                 =======






                                                                       
                                    Net Income after Tax          $1,305,318 
                                                                  ---------- 
                                    Wtd Avg Shares O/S             8,412,642 
                                                                             
                                    BASIC EPS                          $0.16 
                                                                             
                                                                             
                                    Adj Net Income after Tax      $1,305,318 
                                                                  ---------- 
                                    Wtd Avg Shares O/S w/dilution  8,652,255 
                                                                             
                                    DILUTED EPS                        $0.15