**EXHIBIT 31.1**

**CERTIFICATION OF**

**PRINCIPAL EXECUTIVE  OFFICER**

**PURSUANT TO SECTION 302(a) OFTHE SARBANES-OXLEY ACT OF 2002**

 

I, **Sergei Rogov** , certify that:

 

1.      I have reviewedthis Annual Report on Form 10-K of the Registrant for the year ended December 31, 2011;

 

2.      Basedon my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessaryto make the statements made, in light of the circumstances under which such statements were made, not misleading with respect tothe period covered by this report;

 

3.      Basedon my knowledge, the financial statements, and other financial information included in this report, fairly present in all materialrespects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presentedin this report;

 

4.      Asthe Registrant’s certifying officer, I am responsible for establishing and maintaining disclosure controls and procedures(as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in ExchangeAct Rules 13a-15(f) and 15d-15(f)) for the Registrant and have:

 

a.      Designed such disclosurecontrols and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure thatmaterial information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others withinthose entities, particularly during the period in which this report is being prepared;

 

b.      Designed such internalcontrol over financial reporting, or caused such internal control over financial reporting to be designed under our supervision,to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements forexternal purposes in accordance with generally accepted accounting principles;

 

c.      Evaluated the effectivenessof the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectivenessof the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

d.      Disclosed in thisreport any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’smost recent fiscal quarter (the Registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected,or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and

 

5.      Asthe Registrant’s certifying officer, I have disclosed, based on our most recent evaluation of internal control over financialreporting, to the Registrant auditors and the audit committee of the Registrant’s Board of Directors (or persons performingthe equivalent functions):

 

a.      All significantdeficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonablylikely to adversely affect the Registrant’s ability to record, process, summarize and report financial information; and

 

 

b.      Any fraud, whetheror not material, that involves management or other employees who have a significant role in the Registrant’s internal controlover financial reporting.