Exhibit 99.1

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



I, Anthony Q. Joffe, the Chief Executive Officer of Colmena Corp., certify that:

1. I have reviewed this quarterly report on Form 10-QSB of Colmena Corp.

         2. Based on my knowledge, this quarterly 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 quarterly 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 quarterly 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
         have:

a)                Designed such disclosure controls and procedures to ensure
                  that material information relating to the registrant,
                  including its consolidated subsidiaries, is made know to us by
                  others within those entities, particularly during the period
                  in which this quarterly report is being prepared;

b)                Evaluated the effectiveness of the registrant's disclosure
                  controls and procedures and presented in this quarterly 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 our evaluation.

c)                Disclosed in this quarterly report any change in the issuer's
                  internal control over financial reporting that occurred during
                  the period covered by this quarterly report that has
                  materially affected, or is reasonably likely to materially
                  affect, the registrant's internal control over financial
                  reporting; and

         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 functions):

               a) All significant deficiencies in the design or operation of
               internal controls 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 controls over financial reporting.

 August 12, 2004

/s/ Anthony Q. Joffe
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Anthony Q. Joffe, Chief Executive Officer