SOURCE: IPORUSSIA, Inc.

November 15, 2005 06:00 ET

IPORUSSIA, INC. Announces Agreement With STILCOMTRADE, LLC. -- A Rail Car Leasing Company for the Russian Oil and Gas Industry

JERICHO, NY -- (MARKET WIRE) -- November 15, 2005 -- IPORUSSIA, INC. (OTC BB: IPOR), a provider of business advisory services to private companies located in the Russian Federation, announced today it has been retained by STILCOMTRADE, LLC. of Moscow, Russia, a rail car leasing company for the Russian oil and gas industry.

STILCOMTRADE is engaged in the leasing of rail cars to Russian oil and gas companies for use in Russia and CIS countries.

Mr Alexander Kolesov, General Director, of STILCOMTRADE, stated, "We are looking forward to implementing our expansion plans with the assistance of IPORUSSIA to become one of the largest railroad car leasing companies in Russia." Mr. Kolesov further stated, "We have executed agreements with -- SIBNEFT -- oil company and GAZPROMTRANS -- exclusive rail carrier for GAZPROM. Under the terms of our agreements we plan to supply 1,000 oil carrying rail cars and 3,500 petrochemical railroad cars, respectively. "

"We are impressed with the business development of STILCOMTRADE," stated Vladimir F. Kuznetsov, President & CEO of IPORUSSIA, INC. Mr. Kuznetsov further stated, "We welcome the opportunity to assist STILCOMTRADE in its financing plans so that they may increase services to the rapidly expanding Russian oil and gas producers."

About IPORUSSIA, INC.

IPORUSSIA, INC. offers business advisory services to private companies located in the Russian Federation that are interested in raising capital, usually by taking their companies public in the United States, as a means of obtaining capital for their companies and liquidity for their principals and other stockholders. IPORUSSIA's wholly-owned subsidiary, IPOR Capital, LLC, is admitted as a member of the NASD and may, as a finder and/or consultant, solicit other broker dealers to manage or co-manage IPOs for Russian and other foreign companies. In addition, IPOR Capital may participate in private placements of securities to institutional and accredited investors.


This press release contains certain information that is subject to a number of known and unknown risks and uncertainties that may cause actual results and trends to differ materially from those expressed or implied by the forward-looking statements. These factors include, among other things, United States and global economic conditions, the acceptance in foreign markets of securities of companies primarily based in Russia, the Company's ability to attract clients who complete transactions, potential competition from investment banking firms, the Company's ability to attract, compensate and retain personnel with investment banking experience, the effects of compliance with governmental and NASD rules, the effects of the Sarbanes- Oxley Act of 2002 on the Company and prospective clients, the Company's ability to generate additional financing that may be required, the Company's dependence on its chief executive officer and the Company's limited operating history.

Contact Information

  • CONTACT
    Leonard W. Suroff
    Executive Vice President
    IPORUSSIA, INC.
    516-937-6600