US SECURITIES & EXCHANGE COMMISSION
                 WASHINGTON, DC 20549
                     FORM 10-QSB/A

(X) Quarterly report under Section 13 or 15(d) of the Securities
 Exchange Act of 1934 for the quarterly period ended March 31, 2005.

 ( ) Transition report under Section 13 or 15(d) of the Securities
Exchange Act of 1934 for the transition period from
to               .

Commission File Number 0-24185

CENTRAL AMERICAN EQUITIES CORP.

    Florida                              65-0636168
(State of incorporation)        (IRS Employer ID Number)

Hotel Alta, Santa Ana, Costa Rica

(Mailing: Hotel Alta, Interlink 964
POB 02-5635
Miami, FL  33102)
(Address of Principal Executive Offices)

+011 (506) 282-4160
(Registrant's telephone number)

Securities registered under Section 12(b) of the Exchange Act:
None

Securities registered under Section 12(g) of the Exchange Act:
Common Stock, $.001 Par Value

Check whether the issuer (1) filed all reports required to
be filed by Section 13 or 15(d) of the Exchange Act during
the preceding twelve (12) months  (or for such shorter period
that registrant was required to file such reports), and
(2) has been subject to such filing requirements for
the past ninety (90) days.  YES ( X )  NO (  ).

The number of shares outstanding on March 31, 2005 of each of
the issuer's classes of common equity:
19,864,268 shares of Common Stock, $.001 par value

Transitional Small Business disclosure format (check one)
YES [ X ]  NO [   ]


Items 3 Controls and Procedures

The Company maintains disclosure controls and procedures that are
designed to ensure that information required to be disclosed in
the Company's Securities Exchange Act reports is recorded,
processed, summarized and reported within the time periods
specified in the Securities and Exchange Commission's rules and
forms, and that such information is accumulated and communicated
to the Company's management, including its Chief Executive Officer
and Chief Financial Officer, to allow timely decisions regarding
required disclosure.  An evaluation was performed under the
supervision and with the participation of the Company's
management, including the Chief Executive Officer and Chief
Financial Officer, of the effectiveness of the design and
operation of the Company's disclosure controls and procedures.
Based upon that evaluation, the Chief Executive Officer and the
Chief Financial Officer concluded that the Company's disclosure
controls and procedures were effective.  There have been no
significant changes in the Company's internal controls or in other
factors that could significantly affect these controls during the
last fiscal quarter.  The Company's disclosure controls and
procedures were effective as of the end of the period covered by
this report.


SARBANES-OXLEY ACT Section 302 CERTIFICATIONS

I, Michael Caggiano, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Central
American Equities Corporation;

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;

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;

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 have:

(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 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; and

(d) Disclosed in the 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
fiscal 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;

5.  I have disclosed, based on our most recent evaluation of
internal control over financial reporting, 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 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

(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.

/s/ Michael N. Caggiano
----------------------------------------------
Michael N. Caggiano
President and Chief Executive Officer
November 15, 2005


SARBANES-OXLEY ACT SECTION 906 CERTIFICATIONS

I Michael N. Caggiano, hereby certify that:

1. The quarterly report of the registrant on Form 10-Q for the
quarter ended March 31, 2005 fully complies with the requirements
of Section 13(a) or 15(d) of the Securities Exchange Act of 1934;
and

2. The information contained in the annual report fairly presents,
in all material respects, the financial condition and results of
operations of the registrant as of the dates and for the periods
expressed in the quarterly report.


/s/ Michael N. Caggiano
----------------------------------------------
Name: Michael N. Caggiano
Title: President and Chief Executive Officer
Date:   November 15, 2005