1 EXHIBIT 11 AMC, INC. AND SUBSIDIARIES COMPUTATION OF EARNINGS PER COMMON SHARE (For the year ended August 31, 1997 and the Period from October 2, 1995 to August 31, 1996) For the period from For the year October 2, ended August 1995 to 31, 1997 August 31, 1996 Primary Weighted average number of outstanding common shares 61,962,751 61,962,751 =========== =========== Net Earnings $ 3,878,623 $ 7,300,598 Primary earnings per common and common equivalent share $ .06 $ .12 =========== =========== Fully Diluted Weighted average number of outstanding common shares (a) 61,962,751 Net effect of dilutive warrants - based on the treasury stock method (a) 16,736,548 ----------- 78,699,299 =========== Adjusted Net Earnings (a) $ 8,062,598 Fully diluted earnings per common and common equivalent share $ .06 $ .10 =========== =========== (a) Not applicable as warrants are anti-dilutive.