Calvert Signs on to Eurosif Transparency Guidelines; Socially Responsible Firm is First US-Based Signatory

calvert. Its members,
representing assets totaling over EUR 600bn, include pension funds,
financial service providers, academic institutes , research
organizations, trade unions and non-governmental organizations.

heralds heraldic

heralds scotland

com
Eurosif (www.

Calvert mutual funds are underwritten and distributed by Calvert
Distributors Inc.

grants scotland

IPORUSSIA INC . Announces Agreement with a Russian Oil Transportation Company

IPORUSSIA, INC."
The Eurosif Transparency Guidelines were promulgated for the
purpose of increasing accountability to investors and creating greater
clarity for asset managers, research providers and other stakeholders.

lord acquiring

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.eurosif.

clans designing

Calvert
offers thirty funds that allow individual and institutional investors
to pursue a broad range of investment objectives within a single fund
family. Calvert also has an extensive lineup of tax-free and taxable
fixed income investments.

acquiring rendering

Read it carefully before you invest or send money.

flags encourage

Goncharenko, General Director
of TRANSLINE. The Eurosif Transparency Guidelines were designed
for use by the retail socially responsible investment (SRI) fund
sector in order to provide more disclosure and increased
accountability to investors.org) is a pan-European non-for-profit
association whose mission is to encourage and develop sustainable and
responsible investment and better corporate governance. An investor should consider the
investment objectives , risks, charges, and expenses of an investment
carefully before investing.

nongovernmental designing

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.

For more information on any Calvert fund, please contact Calvert
at 800.

heralds governmental

Y.calvert.
"At Calvert , we have long believed that corporate accountability
begins with disclosure and is constantly enriched by more robust
disclosure," said Barbara J. We are pleased to become a signatory to the
Eurosif Transparency Guidelines.
"We are pleased to begin 2005 by taking this additional step toward
more robust disclosure, so that our shareholders and other
stakeholders have as much information as possible about our own
corporate social responsibility.

This category contains nongovernmental organizations whose primary purpose is to promote heraldry.

depictions nongovernmental

Signatories must make their
disclosures publicly available on at least an annual basis.

heralds lyon

2748 for a free prospectus. The prospectus contains this and other
information .

heraldic nongovernmental

Under terms of the agreement, IPORUSSIA will receive a 5 percent
fee on financing received by TRANSLINE.
"This is particularly true for socially responsible mutual funds,
focused - as we are - on promoting improved corporate governance and
social responsibility.368.

abroad encourage

Business Editors

JERICHO, N., member NASD, a subsidiary of Calvert Group.

registering nongovernmental

"At the end of 2004, Calvert published its first ever
Sustainability Report following GRI Guidelines," says Ms.

overseas acquiring

About IPORUSSIA, INC.

heraldic lord

rendering arms

flags heraldic

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.

acquiring flags

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

Business Editors

BETHESDA , Md. For more information on Calvert, click on
www.

lyon lord

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. 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.----Calvert, one of the
nation's largest family of socially responsible mutual funds,
announced today that it has become a signatory to new Transparency
Guidelines promulgated by the European Social Investment Forum
(Eurosif), and will publish its disclosures on the firm's web site
(www.
Under the Guidelines, socially responsible funds are asked to provide
detailed information about fund managers, their research processes and
investment criteria, how they vote shareholder proxies, and what
strategies they deploy to engage corporations in promoting greater
corporate social responsibility.

correct scotland

Kuznetsov, President + CEO of IPORUSSIA,
INC.

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.

correct tasks

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. Krumsiek, President and CEO of Calvert. Krumsiek."
Calvert is one of the nation's largest socially responsible mutual
fund firms with over $10 billion in assets under management.
(2/05,5342-Rev)

correct lyon

Calvert is the only US-based asset
management firm that is presently a member of Eurosif.

heralds overseas

----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.com).