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|   | a) | designed      such disclosure controls and procedures to  ensure that material      information relating  to  the registrant, including      its consolidated subsidiaries, is made known to us by others within those      entities, particularly during the period in which this annual report      is  being prepared; |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b) | evaluated  the  effectiveness  of      the registrant's disclosure controls and procedures as of a date within 90      days prior to the filing date of this annual report (the      "Evaluation  Date"); and |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | c) | presented      in this annual  report  our      conclusions  about the effectiveness of the disclosure controls      and procedures based on our evaluation as of the      Evaluation  Date; |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | a) | all  significant  deficiencies  in      the design or operation of internal      controls  which  could  adversely  affect  the      registrant's ability to      record,  process,  summarize  and  report  financial  data  and  have      identified  for  the  registrant's auditors      any material weaknesses in      internal  controls;  and |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b) | any  fraud,      whether or not material, that involves management or other      employees  who  have  a  significant      role in the registrant's internal  controls;  and |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | By:    | /s/      Raffaele Attar      |
|--------|--------|------------------------------|
|   |   | Raffaele      Attar          |
|   |   | Acting      Chairman and     |
|   |   | Chief      Executive Officer |

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