Exhibit 31.1

SECTION 302 CERTIFICATION
PURSUANT TO SARBANES-OXLEY ACT OF 2002I,

I,
Susan Schreter, hereby certify that:

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|1. | I have reviewed this Amendment No. 3 to the Annual Report on Form
  10-KSB/A of First Transaction
  Management, Inc.;                                                                                                                                                                                             
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|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 report;
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|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;                     
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|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))
  and internal control over financial reporting (as defined in Exchange Act Rules
  13a-15(f) and 15d-15(f) for the registrant and I have:                      
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|   | (a)                                                                                                                                                                                                                                                                                                                | Designed such disclosure controls and procedures, or caused such
  disclosure
  controls and procedures to be designed under my 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;
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|   | (b)                                                                                                                                                                                                                                                                                                                | Designed such internal control over financial reporting, or caused
  such internal control over financial reporting to be designed under
  my supervision, to provide reasonable assurance regarding the reliability of
  finial reporting and the preparation
  of financial statements for external purposes in accordance with generally accepted accounting principles;            
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|   | (c)                                                                                                                                                                                                                                                                                                                | Evaluated the effectiveness of the registrants disclosure controls
  and procedures and presented in this report my 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                                                                                               
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|   | (d)                                                                                                                                                                                                                                                                                                                | Disclosed in this report any changes 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 materially affect, the registrants internal control over financial reporting;
  and                                                                
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|5. | I have disclosed, based on my most recent evaluation of internal
  control over financial reporting, to the registrants auditors and to
  the audit committee of the registrants board of directors (or to the persons performing the
  equivalent functions):                                                  
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|   | (a)                                                                                                                                                                                                                                                                                                                | all significant deficiencies and material weaknesses 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                                                                                                        
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|   | (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.                                                                                                                                                                                                       

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|----------------------- | -------------------------------------------
|Date:
  August 12, 2008 | /s/ Susan Schreter                         
|                        |                                            
|                        | Susan Schreter, Chief
  Executive and Chief
|                        | Financial Officer                          
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