| 1.   | I              have reviewed the Company’s quarterly report on Form 10-QSB for the              quarter ended March 31, 2006; |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------|

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

| 3.   | Based              on my knowledge, the financial statements, and other financial information              included in this report, fairly present in all material respects the              financial condition, results of operations and cash flows of the              registrant as of, and for, the periods presented in this              report; |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.   | I              am responsible for establishing and maintaining disclosure controls              and              procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e))              for              the registrant and have: |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| a.   | Designed              such disclosure controls and procedures, or caused such disclosure              controls and procedures to be designed under our supervision, to ensure              that material information relating to the registrant, including its              consolidated subsidiaries, is made known to me by others within those              entities, particularly during the period in which this report is being              prepared; |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b.   | Evaluated              the effectiveness of the registrant’s disclosure controls and procedures              and presented in this report our conclusions about the effectiveness              of              the disclosure controls and procedures, as of the end of the period              covered by this report based on such evaluation;              and |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| c.   | Disclosed              in this report any change in the registrant’s internal control over              financial reporting that occurred during the registrant’s most recent              fiscal quarter that has materially affected, or is reasonably likely              to              affect, the registrant’s internal control over financial reporting;              and |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.   | I              have disclosed, based on my recent evaluation of internal control over              financial reporting, to the registrant’s auditors and the audit committee              of registrant’s board of directors (or persons performing the equivalent              functions): |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| a.   | All              significant deficiencies in the design or operation of internal control              over financial reporting which are reasonably likely to adversely affect              the registrant’s ability to record, process, summarize and report              financial information; and |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b.   | Any              fraud, whether or not material, that involves management or other              employees who have a significant role in the registrant’s internal control              over financial reporting. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                          |                                                                                           |                                                |
|-----------------------------------------------|------------------------------------------------------------------------------------------------|-----------------------------------------------------|
|                                          | **QUETZAL                CAPITAL I, INC. **(Registrant)                                   |
|                                     |                                                                                      |                                           |
| Dated: May                15, 2006  | By:                                                                                  | /s/ Tony              N.              Frudakis |
|                                          | Tony              N. Frudakis                                                                  |
|                                          | President,                Secretary and Treasurer(Principal                Accounting Officer) |

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