EXHIBIT 11 SBI COMMUNICATIONS, INC. ------------------------ COMPUTATION OF EARNINGS PER COMMON SHARE ---------------------------------------- FOR THE NINE MONTHS ENDED ------------------------- SEPTEMBER 30 , 1996 AND 1997 ---------------------------- Nine Months Nine Months Ended Ended Sept. 30, 1996 Sept. 30, 1997 -------------- -------------- Shares outstanding: 5,345,439 5,345,439 Weighted average shares outstanding 5,345,439 5,345,439 Net loss $ (608,007) $ (741,717) Preferred Dividend -- -- -------------- -------------- Total (608,007) (366,233) Net loss per share $ (0.11) $ (0.14) Page 12