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<page> 1 Exhibit 1 American Absorbents Natural Products, Inc. Exhibit 1 - Statement Re: Computation of Earnings (Loss) Per Share Basic Earnings Per Share Represents Net Earnings (Loss) Divided by the Weighted-Average Number of Common Shares Outstanding for the Period. Diluted Earnings Per Share Represents Net Earnings (Loss) Divided by the Weighted-Average Number of Shares Outstanding, Inclusive of the Dilutive Impact of Common Stock Equivalents. <table> <caption> Third Quarter (Three Months) Nine Months Ended Ended October 31, 1999 October 31, 1998 October 31, 1999 October 31, 1998 <s> <c> <c> <c> <c> Basic and Diluted: Average Shares Outstanding 6,134,087 7,198,718 4,540,524 7,198,718 Net Loss $ (674,452) $ (549,059) $ (243,632) $ (183,824) Earnings (Loss) Per Share $ (0.11) $ (0.08) $ (0.05) $ (0.03) </Table>
