Exhibit 11.1
Weighted Average Shares
For the period ended
June 30, 1999
Shares issued Three months Six months
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Shares outstanding at beginning of period 15,375,930 15,375,930 15,375,930
January 11, 1999 Issuance of shares for acquisition 825,834 825,834 775,645
January 12, 1999 Issuance of shares for acquisition 64,716 64,716 60,425
January 15, 1999 Issuance of shares for acquisition 41,655 41,655 38,203
January 27, 1998 Release of holdback shares 55,157 55,157 46,929
January 29, 1999 Issuance of shares for acquisition 18,531 18,531 15.562
January 29, 1999 Issuance of shares for acquisition 90,864 90,864 76,306
February 1, 1999 Issuance of shares for acquisition 63,534 63,534 52,301
February 22, 1999 Issuance of shares for acquisition 42,687 42,687 30,187
February 26, 1999 Issuance of shares for acquisition 104,752 104,752 71,764
March 1, 1999 Issuance of shares for acquisition 43,845 43,845 29,311
March 2, 1999 Issuance of shares for acquisition 17,266 17,266 11,447
March 5, 1999 Issuance of shares for acquisition 196,092 196,092 126,756
March 22, 1999 Issuance of shares for acquisition 55,944 55,944 30,908
April 7, 1999 Issuance of earnout shares 46,354 42,788 21,512
April 30, 1999 Issuance of shares for acquisition 39,808 26,685 13,417
April 30, 1999 Issuance of shares for options 1,000 670 337
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Weighted average shares outstanding for basic earnings per share 17,066,950 16,776,940
Options outstanding at June 30, 1999: 1,228,650 shares; Total exercise
proceeds: 14,488,865; Average price of option $11.79 14,135 109,457
Warrants outstanding at June 30, 1999: 117,789 shares; Exercise
price: $12.86 per share; Average market value of Company
stock $6.61/$11.26 - -
Earnout shares held at March 31,1999; Stock price $4.69 3,566 24,842
Shares held in escrow related to acquisitions 752,299 664,618
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Total shares outstanding for fully diluted earnings per share 17,836,950 17,575,857
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