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

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