| 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 registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b.   | designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external  purposes in accordance with generally accepted accounting principles; |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| c.   | 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 |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| d.   | 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 (the registrant’s fourth quarter in the case of an annual report) that has materially affected,  or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| DATE:   | April 14, 2011    |   | /s/ Nikolay Lobachev                      |   |
|-------------------|----------------------------------|--------|-------------------------------------------|--------|
|              |                             |   | Nikolay Lobachev, Chief Financial Officer |   |

----