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: April 5, 2007                   /s/ JOHN C. KLEINERT
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                                       John C. Kleinert,
                                       President and Chief Executive Officer