EXHIBIT 99.1
CERTIFICATION
| I, Patrick L. Beach, the President of GP3 Asset Acquisition, LLC, the manager of Captec Franchise Capital Partners L.P. III (the “Partnership”), certify that: | |
| (1) The Quarterly Report on Form 10-Q of the Partnership for the period ended September 30, 2002 which this certification accompanies 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 Report fairly presents, in all material respects, the financial condition and results of operations of the Partnership. | |
/s/ Patrick L. Beach
Patrick L. Beach
President
GP3 Asset Acquisition, LLC
November 14, 2002