EXHIBIT 11 - STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE
CUMBERLAND TECHNOLOGIES, INC.
Year Ended December 31,
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2000 1999 1998
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Average shares outstanding ................................ 5,528,849 5,475,613 5,447,966
Dilutive stock options .................................... 103,500 134,500 --
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Totals .................................................... 5,632,349 5,610,113 5,447,966
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Net income (loss) ......................................... $ 1,041,749 $ 1,148,070 $ (321,409)
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Diluted earnings (loss) per share amount .................. $ .19 $ .21 $ (.06)
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