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EXHIBIT 12.1


CERTIFICATIONS














| |                                                                                                                                                                                                                                                                                                                                                                                                                 
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | 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 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 and presented in this report
    our conclusions about 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 ruing the period covered by the annual report that has
    materially affected, or is reasonably likely to materially
    affect, the companys internal control over financial
    reporting; and                                                                                   





| |                                                                                                                                                                                                                                                                                              
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | a. all significant deficiencies and material weaknesses in
    the design or operation of internal controls over financial
    reporting which are reasonably likely to adversely effect 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 controls over financial reporting.                                                                                                       



| |                          
| | -------------------------
| | /s/ Roberto Vivo-Chaneton
| |                          



| |                        
| | -----------------------
| | Roberto Vivo-Chaneton  
| | Chief Executive Officer