EXHIBIT 11.1

COMPUTATION OF EARNINGS (LOSS) PER SHARE
(UNAUDITED)

BASIC AND DILUTED EARNINGS (LOSS) PER SHARE

For the three months ended	Income/(Loss)			Shares		Per-share
March 31, 2000	(Numerator)			(Denominator)		Amount
	(Restated)					(Restated)
Loss available to common shareholders before cumulative effect of accounting change	$	(820,992	)		26,345,353	$	(0.03	)
Cumulative effect of accounting change		(226,000	)		—		(0.01	)
Loss available to common shareholders	$	(1,046,992	)		26,345,353	$	(0.04	)
Effect of dilutive securities — employee and producer stock options (1)		—			—		—
Diluted loss per share	$	(1,046,992	)		26,345,353	$	(0.04	)
For the three months ended March 31, 1999
Income available to common shareholders	$	2,793,748			26,395,692	$	0.11
Effect of dilutive securities — employee and producer stock options		—			1,017,398		(0.01	)
Diluted earnings per share	$	2,793,748			27,413,090	$	0.10

(1) The diluted share base for the three months ended March 31, 2000 excludes incremental shares of 2,293,365 related to employee and non-employee stock options. These shares are excluded due to their antidilutive effect as a result of the Company's net losses incurred during 2000.