EXHIBIT 11.1

COMPUTATION OF EARNINGS PER SHARE

For the following periods the registrant had no securities that were dilutive
for the calculation of earnings per share.

<Table>
<Caption>
   --------------------------------------------------------------------------------------------------------------
                                                                              Weighted average number of basic
      Summary from unaudited financial        Basic and diluted loss per       and diluted common stock shares
                 statements                          common share                        outstanding
   --------------------------------------------------------------------------------------------------------------
                                                                       
   Three months ended 08/31/2001                                     (0.04)                           13,117,225
   --------------------------------------------------------------------------------------------------------------
   Three months ended 08/31/2000                                     (0.04)                           12,231,494
   --------------------------------------------------------------------------------------------------------------
</Table>