AGREEMENT # 3000/202

          for provision of services in receipt and handling of mailings


Moscow                                                            April 19, 2000


[Oxiris] Closed Joint Stock Company,  hereinafter referred to as the [Customer],
in the person of Managing Director Mr. Dolgov V.A., acting under the Articles of
Association,  on the one part and the [Moscow Post  Office],  the Federal  State
Unitary   Communications   Enterprise   of  the   Federal   Mail   Communication
Administration of the City of Moscow, hereinafter referred to as the [Executor],
in the  person  of its Head Mr.  Makarov  V.B.,  acting  under the  Articles  of
Association, on the other part, have concluded this Agreement for the following:

                             1. Subject of Agreement

The Executor  provides to Customer the  services in receipt,  handling  (insured
printed matters and parcels) hereinafter referred to as the [Mailings] and their
successive  shipment to a  destination  and the  Customer  pays for the provided
services.

                         2. Responsibilities of Parties

2.1    The Customer responsibilities include the following:

       2.1.1    Packing and  registration  of Mailings  in  accordance  with the
                Rules for Mail Services  Provision,  instructions and guidelines
                of the Ministry of Communications of the Russian Federation.

       2.1.2    Use of  containers  approved  in the  industry  for  packing  of
                Mailings.

       2.1.3    To verify the information with the Executor each month not later
                than on 5th day on Mailings number delivered in the past month.

       2.1.4    To  provide  possibility  to the  Executor  to  control  mailing
                enclosures.

       2.1.5    Timely and to full extent effect  settlements  with the Executor
                for the provided services.

2.2    The Executor responsibilities include the following:

       2.2.1    Timely  notification  of all  changes  in  the  Rules  for  Mail
                Services Provision;  instructions and guidelines of the Ministry
                of  Communications of the Russian  Federation;  [Tariffs on Mail
                Services] price list;  [Tables for Weight Duties Calculation for
                Handling and Transportation of Parcels], etc.

       2.2.2    On requirement of the Customer to conduct search of misdelivered
                Mailings in accordance with the established procedure and notify
                the Customer about results of this search.

       2.2.3    To enter the amount of advance  payment  into  franking  machine
                counters after passing of funds to the Executor's account and to
                conduct reading of franking machine counters each ten days.

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                             3. Parties' Settlements

3.1    The  Customer  shall remit the  advance  payment in the amount of average
       monthly  value of works to the  settlement  account of the  Executor  not
       later than three banking days from the billing date.

3.2    The final settlement for the provided services shall be made on the basis
       of  Certificate  on Provided  Services,  signed by the  parties,  and the
       invoice,  not later than on 10th day of the month following the reporting
       month with respect to received advance payment.

3.3    The payment for the mail services  provided to the Customer shall be made
       in accordance  with the tariffs  effective on the moment of such services
       provision:

o      for  handling  and  resending  of printed  matters  with  declared  value
       according to [Tariffs on Mail Services] price list;

o      for handling  and  resending of parcels on the basis of the Order #283 of
       September  16, 1998 of [Moscow Post  Office],  the Federal  State Unitary
       Communications    Enterprise   of   the   Federal   Mail    Communication
       Administration of the City of Moscow;

o VAT shall be levied above the established tariffs.

                             4. Liability of Parties

4.1    For violation of the terms of payment for provided  services the Customer
       shall pay the Executor the fine in size of 0.1% of the amount that is due
       for remittance  for each day of payment delay.  The payment of fine shall
       not waive the Customer's obligation to pay the principal amount.

4.2    The  Executor  shall  be  liable  for loss or  damage  to  enclosures  of
       registered  Mailings in compliance  with and to the extent  stipulated by
       the active Rules for Mail Services Provision.

                             5. Disputes Settlement

5.1    Disputes  which may arise in the process of execution  of this  Agreement
       shall be settled by way of negotiations between the parties.

5.2    In event of inability  to settle  disputes by way of  negotiations,  they
       shall be transferred for settlement to the Arbitration  Court of the City
       of Moscow in compliance with the active legislation.

                                6. Force Majeure

6.1    The parties shall be released from responsibility for partial or complete
       nonfulfilment  of  their  liabilities  under  this  Agreement,   if  this
       nonfulfilment became consequence of force majeure circumstances,  namely:
       fire,  embargo,  epidemic,  military  actions,  restricting  act of state
       authority, strike or other circumstances beyond the reasonable control of
       parties   the  term  of   performance   of   responsibilities   shall  be
       proportionately extended for the time of duration of these circumstances.
       If the  foregoing  circumstances  will  continue for over 6 (six) months,
       then each of the parties  shall have the right to refuse  performance  of
       its  obligations  under  this  Agreement  in view of their  inability  to
       perform such  obligations  and this party shall promptly notify the other
       about   commencement  and  cessation  of  the   circumstances   hindering
       fulfillment of responsibilities.

6.2    The party delaying performance of its responsibilities shall not have the
       right to refer to force majeure  circumstances that commenced during such
       delay.

<PAGE>

                      7. Addendums, Amendments and Changes

All the  addendums,  amendments  and changes to this  Agreement are its integral
parts,  if they are made in  writing  and signed by  persons  authorized  by the
parties.

                               8. Confidentiality

The  parties  shall take all the  necessary  measures to prevent  disclosure  of
information connected with this Agreement.  Disclosure or other spreading of the
foregoing information and also its transfer to any third person shall be done in
each certain case on mutual consent of the parties.

                                9. Agreement Term

9.1    This  Agreement  shall be  effective  from the moment of its  signing and
       shall remain in full force and effect until April 19, 2001.

9.2    This Agreement may be  unilaterally  terminated by each of the parties on
       condition of not less than one months' prior written notice.

9.3    This  Agreement  shall be renewed for successive  calendar  year,  unless
       either of the parties  elects not to renew it by giving not less than one
       months' prior written notice to the other.

9.4    This Agreement is made in two copies in Russian language with equal legal
       power, each copy is kept by each party.

                 10. Parties' Addresses and Banking Information
<TABLE>
<CAPTION>

       Customer                                                 Executor

<S>                                                       <C>
TIN: 7706200205                                           [Moscow Post Office]
BIK: 044585726                                            the Federal State Unitary Communications Enterprise of
Settlement account: 40702810700030000049                  the Federal Mail Communication Administration of the
Correspondent account: 30101810000000000726               City of Moscow
at[EuroWestSibBank]Joint Stock                            26 Miasnitskaya St., Moscow ZIP Code 101000
Commercial Bank                                           TIN: 7701029593
OKPO 51260913                                             BIK: 044525219
OKONKh 71100                                              Settlement account: 4050281050017000000005
                                                          at MMB--Bank of Moscow Joint Stock Commercial Bank
                                                          Novoarbatskoye branch
                                                          Correspondent account: 30101810500000000219
                                                          OKPO 01166004
                                                          OKONKh 52100

(Signature) /s/V.A. Dolgov                                (Signature) /s/V.B. Makarov
            --------------                                            ---------------
(Seal)                                                    (Seal)
</TABLE>