<DOCUMENT>
<TYPE>EX-11
<SEQUENCE>23
<FILENAME>0023.txt
<DESCRIPTION>COMPUTATION OF PER SHARE EARNINGS
<TEXT>


                                                                      Exhibit 11

            STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS

Net loss per common share of $0.20 for the year ended December 31, 1999 was
calculated by dividing net loss of $6,054,364 for the year ended December 31,
1999 by the weighted average number of common shares outstanding of 30,500,000.
Net loss per common share of $0.00 for the year ended December 31, 1998 was
calculated by dividing net loss of $37,692 for the year ended December 31, 1998
by the weighted average number of common shares outstanding of 10,000,000.

</TEXT>
</DOCUMENT>