Exhibit 31.1

        SECTION 302 CERTIFICATION PURSUANT TO SARBANES-OXLEY ACT OF 2002
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        I, John C. Kleinert, President and Chief Executive Officer of Velocity
Asset Management, Inc. hereby certify that:

1.      I have reviewed this Annual Report on Form 10-KSB of Velocity Asset
Management, Inc. Corp.;

2.      Based on my knowledge, this Annual 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 Annual
Report;

3.      Based on my knowledge, the financial statements, and other financial
information included in this Annual 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 Annual Report;

4.      The Registrant's other certifying officer and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-15 and 15d-15(e)) for the Registrant and we 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
        Annual 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 Annual 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 Annual Report any change 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

5.      The Registrant's other certifying officer and I have disclosed, based on
our most recent evaluation, to the Registrant's auditors and to the audit
committee of Registrant's board of directors (or persons performing the
equivalent function):

        (a)    all significant deficiencies and material weaknesses in the
        design or operation of internal controls 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
        controls.


Dated: March 31, 2006                      /s/ JOHN C. KLEINERT
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                                           John C. Kleinert, President and Chief
                                           Executive Officer