<HTML> <FONT FACE="Arial" SIZE=2><P> </P> <P> </P> <P> EXHIBIT 11</P> </FONT> <TABLE CELLSPACING=0 BORDER=0 CELLPADDING=1 WIDTH=728> <TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=16> <P ALIGN="CENTER"><B><FONT FACE="Arial" SIZE=1>TRISM, INC.</B></FONT></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="3%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="4%" VALIGN="TOP" HEIGHT=16><P></P></TD> </TR> <TR><TD WIDTH="61%" VALIGN="TOP" COLSPAN=2 HEIGHT=16> <B><FONT FACE="Arial" SIZE=1><P ALIGN="CENTER">Computation of Basic and Diluted Earnings Per Common Share</B></FONT></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="3%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="4%" VALIGN="TOP" HEIGHT=16><P></P></TD> </TR> <TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P ALIGN="CENTER">(In thousands, except per share amounts, unaudited)</FONT></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="3%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="4%" VALIGN="TOP" HEIGHT=16><P></P></TD> </TR> <TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <B><FONT FACE="Arial" SIZE=1><P ALIGN="CENTER">Reorganized</B></FONT></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <B><FONT FACE="Arial" SIZE=1><P ALIGN="CENTER">Predecessor</B></FONT></TD> <TD WIDTH="3%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="4%" VALIGN="TOP" HEIGHT=16><P></P></TD> </TR> <TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <B><FONT FACE="Arial" SIZE=1><P ALIGN="CENTER">Company</B></FONT></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <B><FONT FACE="Arial" SIZE=1><P ALIGN="CENTER">Company</B></FONT></TD> <TD WIDTH="3%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="4%" VALIGN="TOP" HEIGHT=16><P></P></TD> </TR> <TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <B><FONT FACE="Arial" SIZE=1><P ALIGN="CENTER">One and</B></FONT></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <B><FONT FACE="Arial" SIZE=1><P ALIGN="CENTER">One and</B></FONT></TD> <TD WIDTH="3%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="4%" VALIGN="TOP" HEIGHT=16><P></P></TD> </TR> <TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <B><FONT FACE="Arial" SIZE=1><P ALIGN="CENTER">one half</B></FONT></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <B><FONT FACE="Arial" SIZE=1><P ALIGN="CENTER">one half</B></FONT></TD> <TD WIDTH="3%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <B><FONT FACE="Arial" SIZE=1><P ALIGN="CENTER">Three</B></FONT></TD> <TD WIDTH="4%" VALIGN="TOP" HEIGHT=16><P></P></TD> </TR> <TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <B><FONT FACE="Arial" SIZE=1><P ALIGN="CENTER">Months Ended</B></FONT></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <B><FONT FACE="Arial" SIZE=1><P ALIGN="CENTER">Months Ended</B></FONT></TD> <TD WIDTH="3%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <B><FONT FACE="Arial" SIZE=1><P ALIGN="CENTER">Months Ended</B></FONT></TD> <TD WIDTH="4%" VALIGN="TOP" HEIGHT=16><P></P></TD> </TR> <TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <B><U><FONT FACE="Arial" SIZE=1><P ALIGN="CENTER">March 31, 2000</B></U></FONT></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="17%" VALIGN="TOP" COLSPAN=2 HEIGHT=16> <B><U><FONT FACE="Arial" SIZE=1><P ALIGN="CENTER">February 15, 2000</B></U></FONT></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <B><U><FONT FACE="Arial" SIZE=1><P ALIGN="CENTER">March 31, 1999</B></U></FONT></TD> <TD WIDTH="4%" VALIGN="TOP" HEIGHT=16><P></P></TD> </TR> <TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="3%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="4%" VALIGN="TOP" HEIGHT=16><P></P></TD> </TR> <TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P>Income (loss) before extraordinary item</FONT></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT"> $ 29 </FONT></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT"> $ (40,632)</FONT></TD> <TD WIDTH="3%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT"> $ (3,620)</FONT></TD> <TD WIDTH="4%" VALIGN="TOP" HEIGHT=16><P></P></TD> </TR> <TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P> and cumulative effect of accounting change</FONT></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="3%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="4%" VALIGN="TOP" HEIGHT=16><P></P></TD> </TR> <TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="3%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="4%" VALIGN="TOP" HEIGHT=16><P></P></TD> </TR> <TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P>Extraordinary item, gain on extinguishment</FONT></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">- </FONT></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">42,682 </FONT></TD> <TD WIDTH="3%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">- </FONT></TD> <TD WIDTH="4%" VALIGN="TOP" HEIGHT=16><P></P></TD> </TR> <TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P> of debt, net </FONT></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="3%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="4%" VALIGN="TOP" HEIGHT=16><P></P></TD> </TR> <TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="3%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="4%" VALIGN="TOP" HEIGHT=16><P></P></TD> </TR> <TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P>Cumulative effect of accounting change, net</FONT></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">- </FONT></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">- </FONT></TD> <TD WIDTH="3%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">(274)</FONT></TD> <TD WIDTH="4%" VALIGN="TOP" HEIGHT=16><P></P></TD> </TR> <TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">___________</FONT></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">___________</FONT></TD> <TD WIDTH="3%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">___________</FONT></TD> <TD WIDTH="4%" VALIGN="TOP" HEIGHT=16><P></P></TD> </TR> <TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=17> <FONT FACE="Arial" SIZE=1><P>Net earnings (loss)</FONT></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=17> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT"> $ 29 </FONT></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=17> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT"> $ 2,050 </FONT></TD> <TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=17> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT"> $ (3,894)</FONT></TD> <TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD> </TR> <TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=17><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=17> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">==========</FONT></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=17> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">==========</FONT></TD> <TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=17> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">==========</FONT></TD> <TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD> </TR> <TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=7><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=7><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=7><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=7><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=7><P></P></TD> <TD WIDTH="3%" VALIGN="TOP" HEIGHT=7><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=7><P></P></TD> <TD WIDTH="4%" VALIGN="TOP" HEIGHT=7><P></P></TD> </TR> <TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P>Weighted average number of shares</FONT></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="3%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="4%" VALIGN="TOP" HEIGHT=16><P></P></TD> </TR> <TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=9><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=9><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=9><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=9><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=9><P></P></TD> <TD WIDTH="3%" VALIGN="TOP" HEIGHT=9><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=9><P></P></TD> <TD WIDTH="4%" VALIGN="TOP" HEIGHT=9><P></P></TD> </TR> <TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P> Basic:</FONT></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="3%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="4%" VALIGN="TOP" HEIGHT=16><P></P></TD> </TR> <TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P> Average common shares outstanding</FONT></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">2,000</FONT></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">5,702</FONT></TD> <TD WIDTH="3%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">5,702</FONT></TD> <TD WIDTH="4%" VALIGN="TOP" HEIGHT=16><P></P></TD> </TR> <TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=9><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=9> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">___________</FONT></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=9><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=9><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=9> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">___________</FONT></TD> <TD WIDTH="3%" VALIGN="TOP" HEIGHT=9><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=9> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">___________</FONT></TD> <TD WIDTH="4%" VALIGN="TOP" HEIGHT=9><P></P></TD> </TR> <TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P> Diluted:</FONT></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="3%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="4%" VALIGN="TOP" HEIGHT=16><P></P></TD> </TR> <TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P> Average common shares outstanding</FONT></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">2,000</FONT></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">5,702</FONT></TD> <TD WIDTH="3%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">5,702</FONT></TD> <TD WIDTH="4%" VALIGN="TOP" HEIGHT=16><P></P></TD> </TR> <TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P> Common share equivalents resulting from</FONT></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="3%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="4%" VALIGN="TOP" HEIGHT=16><P></P></TD> </TR> <TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P> assumed exercise of stock options</FONT></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">- </FONT></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">- </FONT></TD> <TD WIDTH="3%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">- </FONT></TD> <TD WIDTH="4%" VALIGN="TOP" HEIGHT=16><P></P></TD> </TR> <TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">___________</FONT></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">___________</FONT></TD> <TD WIDTH="3%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">___________</FONT></TD> <TD WIDTH="4%" VALIGN="TOP" HEIGHT=16><P></P></TD> </TR> <TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">2,000</FONT></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">5,702</FONT></TD> <TD WIDTH="3%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">5,702</FONT></TD> <TD WIDTH="4%" VALIGN="TOP" HEIGHT=16><P></P></TD> </TR> <TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=9><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=9><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=9><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=9><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=9><P></P></TD> <TD WIDTH="3%" VALIGN="TOP" HEIGHT=9><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=9><P></P></TD> <TD WIDTH="4%" VALIGN="TOP" HEIGHT=9><P></P></TD> </TR> <TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P>Basic earnings (loss) per common share:</FONT></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="3%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="4%" VALIGN="TOP" HEIGHT=16><P></P></TD> </TR> <TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=8><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=8><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=8><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=8><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=8><P></P></TD> <TD WIDTH="3%" VALIGN="TOP" HEIGHT=8><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=8><P></P></TD> <TD WIDTH="4%" VALIGN="TOP" HEIGHT=8><P></P></TD> </TR> <TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P> Income (loss) before extraordinary item</FONT></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT"> $ 0.01 </FONT></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT"> $ (7.13)</FONT></TD> <TD WIDTH="3%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT"> $ (0.63)</FONT></TD> <TD WIDTH="4%" VALIGN="TOP" HEIGHT=16><P></P></TD> </TR> <TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P> Extraordinary item</FONT></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">- </FONT></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">7.49 </FONT></TD> <TD WIDTH="3%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">- </FONT></TD> <TD WIDTH="4%" VALIGN="TOP" HEIGHT=16><P></P></TD> </TR> <TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P> Cumulative effect of accounting change</FONT></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">- </FONT></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">- </FONT></TD> <TD WIDTH="3%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">(0.05)</FONT></TD> <TD WIDTH="4%" VALIGN="TOP" HEIGHT=16><P></P></TD> </TR> <TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=17><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=17> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">___________</FONT></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=17> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">___________</FONT></TD> <TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=17> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">___________</FONT></TD> <TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD> </TR> <TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=17> <FONT FACE="Arial" SIZE=1><P> Net earnings (loss)</FONT></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=17> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT"> $ 0.01 </FONT></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=17> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT"> $ 0.36 </FONT></TD> <TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=17> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT"> $ (0.68)</FONT></TD> <TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD> </TR> <TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=17><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=17> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">==========</FONT></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=17> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">==========</FONT></TD> <TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=17> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">==========</FONT></TD> <TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD> </TR> <TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P>Diluted earnings (loss) per share:</FONT></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="3%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="4%" VALIGN="TOP" HEIGHT=16><P></P></TD> </TR> <TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=9><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=9><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=9><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=9><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=9><P></P></TD> <TD WIDTH="3%" VALIGN="TOP" HEIGHT=9><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=9><P></P></TD> <TD WIDTH="4%" VALIGN="TOP" HEIGHT=9><P></P></TD> </TR> <TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P> Income (loss) before extraordinary item</FONT></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT"> $ 0.01 </FONT></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT"> $ (7.13)</FONT></TD> <TD WIDTH="3%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT"> $ (0.63)</FONT></TD> <TD WIDTH="4%" VALIGN="TOP" HEIGHT=16><P></P></TD> </TR> <TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P> Extraordinary item</FONT></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">- </FONT></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">7.49 </FONT></TD> <TD WIDTH="3%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">- </FONT></TD> <TD WIDTH="4%" VALIGN="TOP" HEIGHT=16><P></P></TD> </TR> <TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P> Cumulative effect of accounting change</FONT></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">- </FONT></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">- </FONT></TD> <TD WIDTH="3%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">(0.05)</FONT></TD> <TD WIDTH="4%" VALIGN="TOP" HEIGHT=16><P></P></TD> </TR> <TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=17><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=17> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">___________</FONT></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=17> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">___________</FONT></TD> <TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=17> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">___________</FONT></TD> <TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD> </TR> <TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=17> <FONT FACE="Arial" SIZE=1><P> Net earnings (loss)</FONT></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=17> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT"> $ 0.01 </FONT></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=17> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT"> $ 0.36 </FONT></TD> <TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=17> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT"> $ (0.68)</FONT></TD> <TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD> </TR> <TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=17><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=17> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">==========</FONT></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=17> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">==========</FONT></TD> <TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=17> <FONT FACE="Arial" SIZE=1><P ALIGN="RIGHT">==========</FONT></TD> <TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD> </TR> <TR><TD WIDTH="47%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="2%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="3%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD> <TD WIDTH="4%" VALIGN="TOP" HEIGHT=16><P></P></TD> </TR> <FONT FACE="Arial" SIZE=2><P> </P> <B><P ALIGN="CENTER"> </P> </B><P>Earnings (Loss) Per Share</P> <P ALIGN="JUSTIFY">Basic earnings (loss) per share excludes dilution and is computed by dividing net earnings (loss) by the weighted average number of common shares outstanding. Common shares outstanding include issued shares less shares held in treasury. Diluted earnings per share reflect the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock (common stock equivalents). Diluted earnings per share is calculated by dividing net income by the sum of the weighted average number of common shares outstanding and dilutive common stock equivalents at the end of each reporting period. Common stock equivalents are excluded from the diluted calculation if a net loss was incurred for the period as these transactions are anti-dilutive. </P> <B><P ALIGN="RIGHT"> </P> </B><P ALIGN="CENTER"> </P> <P ALIGN="CENTER"> </P> <P ALIGN="JUSTIFY"> </P></FONT></BODY> </HTML>