IPORUSSIA, INC. Announces Agreement with a Russian Oil Transportation Company.

JERICHO, N.Y. -- IPORUSSIA, INC. (OTCBB:IPOR), a provider of business advisory services to private companies located in the Russian Federation, announced it has been retained by TRANSLINE TRANSPORTATION COMPANY LLC, a Moscow-based railway oil transportation, and oil products, distribution and freight forwarding company.

TRANSLINE services the major oil producing and refining companies of Russia, such as Sibneft and Tatneft, on railways of the Russian Federation, the CIS (Commonwealth of Independent States) and Baltic States. The sole shareholder of TRANSLINE is AZOVPROMTRANS LLC, a Ukrainian transportation and freight forwarding company, which is part of AZOVMASH OJSC, one of the largest manufacturers of railroad transport equipment in the world.

Under terms of the agreement, IPORUSSIA will receive a 5 percent fee on financing received by TRANSLINE.

One of TRANSLINE'S goals is to increase its position in oil products transportation and to acquire next generation railroad cars which have greater carrying capacity. It also intends to expand its customer base to include producers of a greater assortment of goods, such as chemical petrochemical products, and liquefied hydrocarbon gases.

"We are looking forward to the assistance IPORUSSIA will provide for our expansion plans," says Igor N. Goncharenko, General Director of TRANSLINE.

"IPORUSSIA is excited to be involved in the Russian transportation industry and in particular with TRANSLINE whose current expansion plans call for US$100 million of new investment for capital equipment," says Vladimir F. Kuznetsov, President & CEO of IPORUSSIA, INC.

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.

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.