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                                  EXHIBIT 99.3
                            CERTIFICATION PURSUANT TO
                             18 U.S.C. SECTION 1350
                             AS ADOPTED PURSUANT TO
                  SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

  I, William Szilagyi, certify that:

     (1) I have reviewed this annual report of 1st Realty Investments, Inc.;

     (2) Based on my knowledge, this annual report does not contain any untrue
statement of a material fact or omit to state a material fact necessary in order
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
annual report;

     (3) Based on my knowledge, the financial statements, and other financial
information included in this annual 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 annual report;

     (4) The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

     -            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 the annual report is being prepared;

     -            evaluated the effectiveness of the issuer'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

     -            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;

     (5) The registrant's other certifying officers and I have disclosed, based
on our most recent evaluation, to the registrant's auditors and the audit
committee of registrant's board of directors (or persons performing the
equivalent function):

     -            all significant deficiencies in the design or operation of
                  internal controls (a pre-existing term relating to internal
                  controls regarding financial reporting) which could adversely
                  affect the company's ability to record, process, summarize and
                  report financial data and have identified for the company's
                  auditors any material weaknesses in internal controls; and

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

     (6) The registrant's other certifying officers and I have indicated in this
annual report whether or not there were significant changes in internal controls
or in other factors that could significantly affect internal controls subsequent
to the date of our evaluation, including any corrective actions with regard to
significant deficiencies and material weaknesses.

Date: November 14, 2002

                                         /s/ William Szilagyi
                                         --------------------
                                         William Szilagyi
                                         President
                                         (Principal Financial Officer)
                                         1st Realty Investments, Inc.

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