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                                                                   EXHIBIT 10.18


                       CONTRACT FOR PURCHASE AND SALE # 42

May 25,2000                                                             Moscow

Company "OOO "Yuliksis" represented by its Director A.V. Sarukhanov acting on
the basis of the company's Charter, hereinafter referred to as "the Seller", and
company "ZAO "OXIRIS", hereinafter referred to as "the Buyer" and represented by
V.A. Dolgov, acting on the basis of the company's Charter, have made the present
contract for the following:

                           1. SUBJECT OF THE CONTRACT
1.1.  The Seller shall hand over the Goods (video products), and the Buyer shall
      pay for them as per the Seller's price list.
1.2.  The Goods shall be surrendered on the basis of the Buyer's oral or written
      application (sent by fax or otherwise). The number and the assortment of
      the Goods shall be fixed in waybills enclosed with each consignment.

                             2. PRICE OF THE GOODS
2.1.  Prices of the Goods shall be stated in rubles and indicated in waybills
      and proforma invoices enclosed with each consignment.

                 3. RIGHTS AND RESPONSIBILITIES OF THE PARTIES
3.1.  Rights and responsibilities of the Seller:
3.1.1.  The Seller shall deliver to the Buyer goods of proper quality, in
        conformity with certificates, other technical documents and sanitary
        regulations against the order made by the Buyer, within 24 hours of
        receipt of such order, subject to availability of the Goods at the
        Seller's warehouse.
3.1.2.   The Seller shall replace inferior goods and mis-delivered goods not
        listed in the Buyer's application within 5 (five) days of receipt of the
        Buyer's notification. Inferior Goods are Goods with visible or latent
        defects; Goods returned by third parties on account of defects which
        appeared through the Seller's fault and were not specified by him at the
        surrender of the Goods; and Goods the content of which fails to meet the
        requirements of the current legislation.
3.1.3.  In case the Goods are not available at the Seller's warehouse, the
        latter shall notify the Buyer of a possible delivery date within 24
        hours.
3.1.4.  The Seller shall make out the shipping documents.
3.1.5.  The Seller shall guarantee the quality of the Goods within the limits of
        the manufacturer's guarantee.
3.1.6.  The Seller shall warrant that the Goods delivered under the present
        Contract are distributed legally and that the intellectual property
        rights of third parties are not infringed.
3.2.    Rights and responsibilities of the Buyer
3.2.1.   The Buyer shall accept the Goods from the Seller on conditions EXW
         Moscow warehouse of the Seller.
3.2.2.   During the acceptance of the Goods the Buyer shall check their quantity
         and assortment, make out and sign appropriate documents, and inform the
         Seller of the defects detected during the acceptance of the Goods. The
         Buyer has a right

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         to refuse acceptance of the Goods in case their assortment or quantity
         does not correspond to that stated in the application.

                              4. TERMS OF PAYMENT
4.1. The Buyer shall pay for the Goods by bank transfer to the Seller's
     settlement account or by cash payment on the basis of the invoices issued
     by the Seller in accordance with the Buyer's applications.
4.2. The Buyer has a right to transfer an advance to the Seller's settlement
     account the amount of which shall be determined in accordance with the
     anticipated volume of purchases.

                          5. LIABILITY OF THE PARTIES
5.1. In case of non-fulfillment by one of the Parties of any provision of the
     present Contract, dispute shall be settled by way of negotiations. If the
     parties fail to come to an agreement, the case shall be referred to the
     International Arbitration Court at the Moscow Chamber of Trade and
     Commerce.


             6. TERM OF CONTRACT AND PROCEDURE FOR ITS TERMINATION
6.1. The contract shall come into effect upon being signed by the authorized
     representatives of the Parties.
6.2. The term of the present Contract shall be fixed at one calendar year. The
     Contract shall be prolonged automatically for the next term unless one of
     the Parties has given the other party a month's written notice of its
     termination or revision of the Contract.
6.3. The Contract can be terminated upon the request of one of the Parties
     subject to the condition that the other Party is given a written notice at
     least one month prior to the termination of the Contract.


                                7. FORCE-MAJEURE
In case of force-majeure circumstances brought about (directly or indirectly) by
such events as flood, fire, earthquake, epidemic, military conflicts, acts of
terrorism, civil unrest, strikes, directions, decrees and other administrative
interference of the government or other decrees, restrictions imposed by the
administration or the government, which influence the fulfillment of the
obligations under the Contract, or other circumstances beyond reasonable control
of the Parties, fulfillment of these obligations is postponed for the period of
duration of these circumstances, if they significantly affect the timely
performance of the whole Contract or a certain part of it due to be performed
after the beginning of force-majeure circumstances. The Parties are to give each
other an immediate written notification of the beginning and completion of the
force-majeure circumstances hindering the fulfillment of the obligations under
the Contract. The Party referring to force-majeure circumstances must provide a
certificate of the competent state body.

                              8. OTHER CONDITIONS
8.1. The Contract can be amended and supplemented by a written agreement of the
     Parties signed by the authorized representatives of the Parties.

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                  9. ADDRESSES AND BANK DETAILS OF THE PARTIES

<TABLE>
<CAPTION>
                     The Seller                                                     The Buyer
<S>                         <C>                         <C>                                <C>
Full name of the                                          Full name of the
organization:                                             organization:                      ZAO "OXIRIS"
Legal address:                Bldg.1, 12 Tverskaya        Legal address:                     12 Nauchnyi Proezd,
                              Str., Moscow 103009                                            Moscow 117802
Telephone number:                                         Telephone number:                  (095) 334 4411
Fax number:                                               Fax number:                        (095) 937 5060
Name of the bank:             "Rossiyskiy capital" stock  Name of the bank:                  Stock commercial bank
                              commercial bank                                                "Evrozapsibbank"
Settlement account:           4070281050008000000         Settlement account:                4070281070003000004
                              9                                                              9
Bank    identification code   044583266                   Bank    identification code        044585726
Correspondent account         3010181010000000026         Correspondent account              3010181000000000072
                              6                                                              6
TIN:                          7710321690                  TIN:                               7706200205
All-Russian industry          71100                       All-Russian    industry            71100, 71200
classification code                                       classification code
All-Russian enterprise        51274377                    All-Russian enterprise             51260913
and organization code                                     and organization code



                                                          Director General of ZAO "OXIRIS"

V.M. Korobov (Signature)                                  V.A. Dolgov (Signature)


May 25, 2000                                              May 25, 2000
Corporate seal                                            Corporate seal
</TABLE>