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Dear Reader,

As Americans, we like to think we're free—to earn as much as we can, to invest in companies we deem valuable, to search out the best places to make a fortune.

Sadly, it's simply not the case. The truth is, the government places restrictions on the information you can receive.

They tell us these restrictions are for our protection. But they actually put a leash on your ability to grow your wealth how you see fit. In fact, and I have to be blunt here, the government thinks you're too stupid to invest your own money wisely.

You may think I am being dramatic...but it's true. Almost a century ago President Franklin D. Roosevelt convinced the U.S. Congress to pass laws that restricted the right of U.S. residents to invest directly in foreign stocks, bonds and other lucrative funds. They say they are protecting the investing public from charlatans—but really, they are protecting you from yourself.

But I believe that investors of your caliber don't need this kind of protection. In fact, I think it's insulting...don't you?

That's why I'm not a stockbroker—and I refuse to hold any kind of license that might allow the government to tell me what I can and can't say to investors. Rather, I'm an advocate of freedom—who also happens to have 35-plus years of experience in the financial markets. And according to the First Amendment of the United States Constitution that guarantees free speech...

If I know of a company that could make you rich...I'm allowed to write about it.

The truth is, I know of quite a few companies that might make you very, very rich in the next two to three years. Most brokers either don't know about them or are forbidden to mention them to you for purely regulatory reasons.

But I get to invoke the First Amendment...and for a small group of investors only...just you and not more than 499 others...I'm issuing an exclusive invitation to...

Enter The Chairman's Private Vault of Hidden Deep-Value Investments

I'm John Pugsley. I spend most of my time finding ways you can invest freely and profitably—without being restricted by national borders or government regulations.

I've been bringing investors like you "under the radar" opportunities for two years now, and our portfolio is up more than 100%, even though shares of these companies have only been in the portfolio for an average of 13 months each. That's because I have over three decades of experience doing this, and each investment I recommend today is the product of what I've learned about deep-value investing over those years...and of the network of contacts I've built up in industries around the world.

What's "new" about this service is that I'm sharing for the first time (with a strictly limited number of subscribers) what I consider to be the best value stocks in the world...that are not available to 99% of investors in the U.S. because of the various locks and chains the government has tried to place on your investing freedom.

These companies are diverse...they may be natural resources, farming, insurance, banking....there's no bias for or against any particular industry. The only bias is for deep value in smaller companies that are not covered or have been overlooked by Wall Street, the mainstream media, and most retail investors.

In most cases, brokers simply can't recommend these companies because of SEC or government regulations, or where they are domiciled, or their geographical location. And frankly, sometimes they won't recommend them because there's not enough commission and no major investment banking relationships to be gained.

But their very obscurity can be to your advantage. That's why I'm calling this service Stealth Investor...because we fly under the radar...seeking targets hidden from view, and then swiftly and safely deliver winners to you.

The single defining characteristic of Stealth Investor is to target smaller companies selling at substantial discounts to their true book value. But that's just for starters...

I specifically look for companies whose book value doesn't completely reflect their true worth. In each case, there are usually hidden assets-valuable holdings that aren't showing up at anywhere near their full value on the balance sheet. They are not yet recognized by the investing public and they're not yet factored into the price of the stock.

The system behind Stealth Investor is rigorous, fundamental analysis...with a twist. The twist is that you'll discover how to bypass the rules and regulations that separate serious investors from the most serious opportunities to get rich that the market has to offer. The result is a unique opportunity—for less than 500 investors—to dramatically increase your wealth in a relatively short period of time, even as little as two to three years.

For me, it's the grand-slam of investment services: Exclusive access to some of the least-covered, value-rich stocks in the world...each with the potential to keep delivering the kinds of gains in the year ahead. I'm confident I can keep the gains flowing, too. Just look at the 5-part process I subject each stock to before I give it the thumbs up:

• Value: Companies that are trading at a substantial discount to book value. Also, companies whose hard assets are so valuable, they act as collateral for the share value. This ensures that you avoid expensive stocks that can deliver heavy losses if earnings expectations don't pan out.
  
• Size: I look for micro-cap or even nano-cap companies that have verifiable assets and a high probability of future earnings. Generally, they'll be under $1 billion in market capitalization, and usually well under $100 million.
  
• Access: Stocks that are thinly-traded and not institutionally owned...sometimes these companies are one step away from being privately held. They offer a ground-floor opportunity available only to a select few investors who know how to get in.
  
• Industry: Stocks quietly creating massive value, well out of the limelight—often in misunderstood—or temporarily unpopular—industries. (Remember the commodities market before China exploded?)
  
• Hidden: Companies ignored by Wall Street. And, companies that licensed brokers and advisors are prohibited from recommending because of regulatory censorship.

Of course, once I run companies through this screen, I make other judgments based on experience, due diligence, and my contacts in the industry. This is all fundamental analysis, by the way, not some kind of technical approach. But it does cut through all the rules and regulations that are set up to separate serious investors from serious investments...specifically, the ones that don't conform to Wall Street's or Washington's viewpoints.

Some people assume that you have to take great risks to deliver gains like this. I think that's the true value of Stealth Investor...you don't take on excessive risk, you simply have a system for identifying better opportunities.

Personally, I don't love risk any more than the next investor. But I do value opportunity. Stealth Investor provides a unique balance between the two.

Annual fees for a service this selective can go for as much as $4,500 a year—that is, if you can even get in. I know of one such service that is consistently sold out—and when it opens for even a second, investors plunk down $7,500 to scoop up two full years.But, I have a better deal for you:

You can enroll in Stealth Investor for the introductory price of $2,500 annually. You can even take this opportunity to lock in this low price for two years for just $5,000. And, of course, if you decide at any time that Stealth Investor isn't for you, you can give up your space to another investor—I anticipate keeping a healthy waiting list on the sidelines for when occasional openings crop up. In such cases, we'll be happy to refund you for the unused portion of your subscription.

For a limited time we'll also accept a quarterly payment of $625 that will be automatically billed to your credit card and will continue until you tell us to stop.

Once the service approaches 80% capacity, we've even considered offering the few spots that remain in an auction format and letting them go to the highest bidders. That means you might never have another chance to get into this service for this price again.

Protecting the Extraordinary Value of This Service

When you enroll, I have just one requirement—a very important one: When you subscribe, you must agree not to share this information with any non-member. After all, we simply can't let these recommendations out beyond the paying members of this service—or it could crowd the trades for everyone. I'm sure you can appreciate my caution and the need to protect your investments.

As I said, this service is limited to less than 500 investors. And, even then, I'll only make my recommendations with Good-till-Cancelled Limit Orders. That way, there will be no "newsletter syndrome," with subscribers bidding the stock up against each other the minute it's recommended.

It's the only sensible way to take advantage of these overlooked, deeply undervalued small- and micro-cap stocks.

If you're interested in the kind of deep-tangible-value/high-growth stocks you simply can't find on crowded Wall Street or in the big-circulation mainstream press, I urge you not to delay. Let us hear from you today.

Sincerely,John Pugsley
February 15, 2008

P.S.— Every company that Stealth Investor recommends is deeply undervalued. Yet regulatory powers often have a stranglehold on their information. So, no matter how good an investment in any one of these companies might be for your portfolio, no licensed stockbroker is going to be able to contact you about the deal. Where else will you find out about them if not here? Secure your space in Stealth Investor today...