1 EXHIBIT 12 RATIO OF EARNINGS TO FIXED CHARGES: THREE MONTHS ENDED SIX MONTHS ENDED --------------------- ---------------------- JUNE 30, JUNE 30, JUNE 30, JUNE 30, 2000 2001 2000 2001 -------- -------- -------- -------- (IN THOUSANDS) (IN THOUSANDS) Net loss ..................................................... $(3,821) $(4,611) $(7,612) $(8,809) Add fixed charges: Interest expense including amortization of debt issuance cost ........................................ 4,090 4,905 8,118 9,307 ------- ------- ------- ------- Earnings ..................................................... $ 269 $ 294 $ 506 $ 498 ------- ------- ------- ------- Fixed Charges Interest expense including amortization of debt issuance cost ................................................. $ 4,090 $ 4,905 $ 8,118 $ 9,307 ------- ------- ------- ------- Total Fixed Charges .......................................... $ 4,090 $ 4,905 $ 8,118 $ 9,307 ======= ======= ======= ======= Ratio of Earnings to Fixed Charges ........................... -- -- -- -- ======= ======= ======= ======= Deficiency of Earnings to Cover Fixed Charges ................ $ 3,821 $ 4,611 $ 7,612 $ 8,809 ======= ======= ======= =======