CERTIFICATION SECT 302(A) - A. MAGALLANO, CEO
Published on December 30, 2008
Exhibit
99.1 CERTIFICATION
PURSUANT TO
SECTION
301 (a) OF THE SARBANES-OXLEY ACT OF 2002
I,
Alexander B. Magallano, certify that:
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1. I
have reviewed this quarterly report on Form 10-Q of Standard Capital
Corporation;
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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. 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(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;
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(a) Designed
such disclosure controls and procedures, or caused such disclosure
controls and procedures to be designed under 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;
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(b) Designed
such internal controls 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;
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(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, 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 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 of financial
reporting; and
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5. The
registrant’s other certifying officer and 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 the registrant’s
board of directors (or persons performing the equivalent
functions):
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(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
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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
controls over financial reporting.
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Date:
December 29, 2008
ALEXANDER B.
MAGALLANO
Alexander
B. Magallano
Chief
Executive Officer,
President
and Director
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