YP.NET, INC. COMPUTATION OF EARNINGS PER SHARE Exhibit 11 SEPTEMBER 30, 1999 BASIC EARNINGS PER SHARE: Common shares outstanding, beginning of period 39,156,853 Effects of reverse merger: Reverse Merger Adjustment (16,933,096) -------------------- Weighted average number of common shares 22,223,757 ==================== outstanding Net Income $ (4,363,867.00) ==================== Earnings Per Share $ (0.20) ==================== DILUTED EARNINGS PER SHARE: (NOTE 1) Common shares outstanding, beginning of period 39,156,853 Effects of reverse merger: Reverse Merger Adjustment (16,933,069) Weighted average number of common shares and common equivalent shares outstanding 22,223,784 ==================== Net Income $ (4,363,687.00) ==================== Earnings Per Share $ (0.20) ====================