1 EXHIBIT 11.1 COMPUTATION OF PER SHARE EARNINGS For the following periods the registrant had no securities which were dilutive for the calculation of earnings per share. Weighted average number of basic Summary from year-end audited Basic and diluted loss per common and diluted common stock shares financial statements share outstanding - ------------------------------ --------------------------------- -------------------------------- Three months ended 8/31/2000 (0.04) 12,231,494 Three months ended 8/31/1999 (0.01) 10,040,000