Can "HiRAs" Pay for Your Retirement? Page 2 of 28 Once you do, you'll have all the information you need to start collecting thousands of dollars in extra income, once a month, for the rest of your life. Please read on... Sincerely, George Rayburn Executive Publisher, S&A Research Toledo Healthcare Worker Martha Toll collects $46,691 in One Month thanks to Gov't-subsidized "HiRA" Thanks to an obscure Federal mandate known as the CON Laws, some Americans are collecting thousands of dollars in extra income every month — courtesy of the government. Can the government- subsidized HiRA pay for your retirement? 11/1/2007Can "HiRAs" Pay for Your Retirement? Page 3 of 28 11/1/2007 “The antidote for queasy investors seeking safe havens during a stomach- turning economic environment.” = The Wall Street Journal Dear Reader, Unless you're part of the medical community, you've probably never heard of "HiRAS"... It's a term coined by a former lab scientist and researcher for the U.S. government — a term he uses to describe a unique money-making opportunity made possible by little-known federal tax laws... and the subsidies of the healtheare system. An opportunity few outside of the profession could know about... In short, thanks to these obscure laws, ordinary American citizens are entitled to receive regular cash distributions — several times a year ~ from a small group of government-subsidized healthcare businesses. And you're entitled to these payouts (which could conservatively reach over $90,000 in the next few years, as I'l show you) regardless of your age or income status ~ and even if you're already retired. The only thing that’s required is that you know how to get involved. As the name suggests, they’re called HiRAs (or "Healthcare Investor Retirement Accounts") because, like regular IRAs or 401(k)s, you can use them to help fund a worry-free retirement. But that's where the similarities end. For one, you don't "contribute" to HiRAs. Instead, they pay you. And unlike most retirement accounts (which really only work if you start young), you can start using HiRAs well into your 50s and 60s and still collect enough to live aCan "HiRAs" Pay for Your Retirement? Page 4 of 28 long, comfortable retirement. Best of all... HiRA returns are subsidized by federal law. That means, as Jong as this system is operating, you get a steady, reliable, and lucrative source of income. In fact, you can take advantage of this opportunity today... and start collecting thousands of dollars in extra income as early as November 19th. Thousands of Americans lucky enough to catch wind of HiRAs are already doing just that... Martha Toll is just one example. Last month, Martha collected over $46,000. She stands to collect at least as much in the weeks to come. (Amazingly, she's been doing this all year). Geoff Porter is another example. Geoff, a 55-year-old Florida native has been using HiRAs for over a decade. Pocketing close to $70,000 so far — just this year. ‘Then there’s Amy Pickstone. Another "soon-to-be-retired” thanks to HiRAs, She's averaged an extra $7,800 a month, cash, since January. The list goes on and on... And on November 19th, everyone on the HiRA rolls stands to collect again. It's no wonder Charles Wolpoff, tax attorney and writer for the Baltimore Business Journal calls HiRAs "an excellent source for income. You can get... huge returns." I recently sat down with the man who coined the term "HiRA" — a man who's seen every side of the medical profession. He was a cancer researcher at Cedars-Sinai. He helped set up a biotech firm in India. And, recently, went back to Johns Hopkins for an advanced degree evaluating medical companies for Wall Street investors. That's how he discovered this amazing income opportunity. And today, I'm going to tell you everything he told me — how to get involved, how much you'll collect, and11/1/2007 Page $ of 28 exactly when you'll get paid... As I said, the next payout is due November 19th. But in order to claim your share, you must get in by November sth. Does a HiRA make sense for you? Let me tell you more about it, so you can decide for yourself... Why You've Probably Never Heard of the Biggest Government Giveaway Ever it's a surprising fact: Half of all the money the Healthcare industry makes comes from the government. Fifty cents of every dollar. Last year, the government handouts totaled more than $1 TRILLION. I know of no other industry in America that gets this much support — not even close... And it's precisely because of these generous government grants that HiRAs exist, You see, some of this $1 t Medicaid... ion went to assistance programs like Medicare and ‘Some of it was given to medical researchers in the form of grants, and hospitals in the form of incentives. But every cent of this money came from Americans like you and me ~ anyone that ever paid taxes. Ina way, HiRAs are the government's way of ensuring that a big chunk of that money gets back to us. In fact, these cash distributions are mandated by Federal law.Can "HiRAs" Pay for Your Retirement As long as this law is on the books, anyone who takes advantage of it ise this money. And there's really no Page 6 of 28, ‘it to how much you could collect. If you're wondering why you've never heard of this opportunity before — why your financial advisor or your accountant has never mentioned it ~ there are a couple reasons: For one, these payouts don’t come from the government, There are no tax forms to fill out at the end of the year ~ no deductions ‘to claim. Instead, the money comes directly from a very small group of companies (there are only 13 in the world) that receive the biggest government handouts. Unless you know which ones to look for, you'd never notice the windfall... Secondly, the few businesses that are involved in this program are all but unknown to most Americans. These aren't the high-profile drug giants e Merck and Pfizer. They're not even the lesser-known hospital operators like Tenet. But, as I'll show you, they're arguably the most vital component of the entire istry... In fact, without these businesses, companies like Merck and Pfizer might not = not to mention your local hospital How Much Could You Collect From HiRAs? By taking advantage of governm sponsored HiRAs, you could recei separate payouts in 2008 ~ one per month, As fil show you, these payouts could easily total $90,000 or more over the next few years, ‘The exact date you'll receive your checks is not set in stone, but here's an estimated schedule based on the payouts of the last few years: © January 27, 2008 © February 8, 2008 © March 3, 2008 © April 26, 2008, © May 3, 2008 June 5, 2008 © July 27, 2008 © August 3, 2008 © Sepiomt r 14, 2008,an "HiRAs" Pay for Your Retirement? Page 7 of 28 or your doctor's office... ¢ October 27, 2008 Which just might explain why these # November 1, 2008 businesses are so heavily subsidized in the = December 28, 2008 first place... The sooner you get in, the sooner you'll Just what kind of subsidies am I talking i ec ee YO ven about? And what does it mean for you? Brees oe Let me explain... How Healthcare's Secret Businesses Could Pay for Your Retirement Just like the healtheare industry itself, HALF of all the money these companies make comes straight from government subsidies. One of these companies collected aver $150 alone. ion in taxpayer money last year But that's just for starters... By Taw, these companies can claim up to 100% of their income tax free. They don't have to pay any capital gains tax either. In fact, they hardly pay any taxes at all ‘Then there's the Certificate of Need Laws ~ also known as the CON Laws, This Reagan-era piece of legislation restricts the number of companies that can operate in any one region — thus limiting competition. In other words, in many places, these companies operate a near monopoly. Why alll the government favors? It will soon become clear. Right now, it's important to know11/1/2007 "HiRAs" Pay for Your Retirement? Page 8 of 28 In exchange for this rich government protection (and healthy funding), these businesses are required, by law, to give a big chunk of that money back to U.S. citizens in the form of regular, cash distributions, Claiming your share is simple. You just have to know which companies are making payouts ~ and when. ‘The trick is, unless you're part of the medical community, you probably don't even know these companies exist. You see, most people never give it a second thought... When you go to the doctor, the hospital, the physical therapist, you're probably not thinking about who owns the building you're sitting in... or the land that building is on... ‘Truth is, it’s not the doctor that's treating you... or even the hospital that employs them... In most cases, that building and that land are owned by the heavily-subsidized companies I've been talking about ~ companies known in the industry as Healtheare Trusts. Virtually every square foot of medical space in America, every acre of land, is owned by these thirteen Trusts, And I'm not just talking about doctor's offices and hospitals. T'm talking about nursing homes, retirement centers, drug manufacturing plants, biotech research labs, clinics, mental health facilities... anything that has to do with medicine and healtheare. Just to be clear: These companies have nothing to do with making drugs or healing the sick. They don't employ doctors or scientists. All they do is own the land and buildings. Then, through long-term leases and contracts, they rent that land and those buildings to healthcare, pharmaceutical andL/1/2007 "HiRAs" Pay for Your Retirement? biotech companies. For example... One of these companies owns 30 research facilities, including over 5 million square feet of lab space operated by biotech giants Amgen and Genentech. (Ifyou owned just 2,000 shares of this company since it went public, you would have collected over $49,000 by now.) Another owns major hospital systems in Chicago, Boston, Denver, Phoenix, Las Vegas, Houston, Tucson, Detroit, New Page 9 of 28 The "Triple-Net” Secret to Bigger Monthly Payouts In most cases, Healthcare Trusts rent their properties on what are called "triple-net” leases. That means the renter pays for maintenance and repair, and all utility bills. Plus, there's an automatic, yearly increase in the rent payment to cover the cost of inflation. in other words, these Trusts get all tho benefits of owning the property (monthiy rent checks and property ~appreciation) - without any of the costs that {0 with i, No wonder they pay out hundreds of thousands of dollars to their investors every month Orleans, San Diego, Indianapolis and L.A. (And a $5,000 investment in this company 8 years ago would be worth nearly $90,000 today.) Still another owns 189 nursing homes from Salem, Oregon to Sunrise, Florida (and has returned over 430% to investors since 2000). ‘That's just scratching the surface... Quite literally, these Trust "own" practi lly the entire healthcare industry. Can you imagine if one of these companies went under? How about two, or three? What if they decided to liquidate all their property? It's no exaggeration to say our country’s healthcare system would be crippled — and the consequences would be devastating. ‘That's why the government does what it can to make sure that doesn't happen ~ by11/1/2007 RAs" Pay for Your Retirement? Page 10 of 28 giving them every reason to stay in business... And that's why HiRAs — the ultimate "win-win" for these companies and their investors ~ exist. As I said, I recently sat down with the man who coined the term HiRA. His name is Rob Fanon. After years working as a research scientist for the government and in the private sector, Rob went back to Johns Hopkins for an advanced degree evaluating medical companies for Wall Street investors. I'll tell you more about this man in a moment. First, I want to show you exactly how the HiRA system works... and exactly how much you could make in the next 12 months... How to Get Paid (Thousands of Dollars) Every Month All of the Trusts that make up the HiRA system are publicly traded. To claim your share of the payouts, there's only one requirement: You have to be a shareholder. Anyone who owns at least one share is entitled to HiRA distributions. You don't even have to be a long-term investor in the company. As long as you sign up before the payout is announced, it's yours. You can even sell your shares the very next day and keep the cash. But you probably won't want to... Because as long as you're a shareholder, you're entitled to these regular cash distributions by law... for as long as the Trust exists.‘Can "HiRAs" Pay for Your Retirement? Page 11 of 28 How much of this money you personally receive is entirely up to you. The more money you put in, the more you get back... For example... One of these Trusts just paid out $1.61 for every share in the first part of this year. Ifyou owned 1,000 shares, you would have collected $1,610. If you owned 3,000 shares, you would have collected $4,830. Five thousand shares would have gotten. you $8,050. That's cash, in your pocket, guaranteed by law. And that's regardless of what's going on with the economy, the stock market or anything else. ‘The HiRA portfolio designed by Rob Fannon is comprised of the three biggest Trusts in the industry today. $703 million in HiRA Payouts... From the 3 Biggest Trusts in For a brief run-down of the America propertieseach one owns, check out the box to the right. You might be shocked. Healthcare Trust #1 What's even more shocking is this: Market Cap: $7.1 Billion ‘The worst-performing Trust in this Properties: group has returned 412% since January 2000. By comparison, the stock market 340 Mecca! oii Buadinge as a whole (as measured by the S&P ‘41 Hospitals 500) is up less than 5%. 64 Skilled Nursing Facities 28 Other Healthcare Facitios Even more impressive: If you owned just 3,000 shares of each of these companies, you would have received $92,730 over the last five and a half years. 1669 total properties located in 44 States Notable: In 2006, they doubled their portfolio of properties,Can "HiRAs" Pay for Your Retirement? And best of all, each one of these Trusts has historically kept a different quarterly payout schedule. Just take a look: HIRA Trust #1 Pays Out In January April July October HIRA Trust #2 Pays Out In February May August November HiRA Trust #3 Pays Out In Merch June September December That means, by investing in all three, likely receive a check every month next year. When you put it all together, I think this is the safest, easiest, most lucrative way to ensure an early, worry-free retirement. Remember, these companies are required, by law, to make payouts, And as long as they are, get cash delivered to your Page 12 of 28 ‘Own the research labs of biotech giants ‘Amgen and Genentech. 2006 HiRA Payouts: $349.2 MILLION Healthcare Trust #2 Market Cap: $3.6 Properties: 233 Skilled Nursing Facilities 47 Retirement Cen! 89 Medical Office Buildings 18 Long-term care hospitals 595 total properties located in 37 States Notable: Has made 143 consecutive querterly payouts Payouts have increased 850% since 1970 2006 HIRA Payouts: $186.7 MILLION Healthcare Trust #3 Market Cap: $6 Billon Properties: 195 Skilled Nursing Factities 42 Hospitals 251 Senior Housing Facilities 22 Other Healthcare Facilities 510 total properties located in 43 States and CanadaCan “HiRAs" Pay for Your Retirement? Page 13 of 28 1/2007 doorstep once a month... Notable: Owns major hospital systems in "It doesn't hurt," adds The Wall Street se EeoD ee Las a , Houston, Tuscor , New Journal, that what [these Trusts] own eens, San Dleg0, indanepols and LA = nursing homes, medical office buildings, hospitals and seniors’ 2006 HIRA Payouts: $167.9 MILLION residences ~ are expected to be in more demand as the nation's Baby Boom population ages.’ If this sounds like something you'd like to be a part of, Rob's written a full report detailing the entire situation. It's called "HiRAs — The Healthcare Secret to an Early Retirement." In this report, you'll learn everything you need to know to start collecting monthly checks courtesy of the government and Big Healthcare — including when you can expect them... how much you'll receive every month... and how much you can expect to make over the next few years. Remember: The next payout is due November 19th. But in order to claim your share, you must get in by November 5th. Tid like to send you this report free of charge. Here's how to get your copy.. How to Quadruple Your Portfolio My name is George Rayburn, I'm the Executive Publisher of an independent, investment research group based out of Mount Vernon, Baltimore. We're called Stansberry and Associates Investment Research. When we started our company back in 1999, we weren't very well known, We published only one investment letter and we had a few hundred subscribers.‘Can "HiRAS' Pay for Your Retirement? Page 14 of 28 11/1/2007 ‘Today, we publish more than a dozen, Our work reaches bankers, hedge fund managers, and CEOs in more than 130 countries worldwide. I've been here for a long time, so I have a pretty good idea what's made us so successful. It's simply this: When we hire analysts, we look for men and women who are experts in their field. For example, when we decided to start publishing an investment advisory about oil, we didn't look for some Harvard MBA who was good at crunching numbers. We hired a geologist with over 10 years experience in the oil industry — a guy who spent most of those years in the field... touring potential new wells... evaluating seismic data... and working on deepwater rigs... Likewise, when we started our options advisory, we hired a man who had spent his entire career as a professional options trader. Our income specialist was formerly a bond-trader at Citigroup. Our value-investing specialist was recently profiled in Barron's as one of the best value analysts in America, But what we'te most proud of is how we've helped many people change their lives, by showing them how to safely make more money than they ever imagined possible. For example, a subscriber named Jack Marks, from Pittsburgh, wrote to tell us he made 340% on a recent recommendation, He added: "I suppose... a house in Hilton Head may still be in the cards for me." Asubscriber named Clyde Lafond, 68, from Burbank, CA, wrote to tell us: "My $600,000 is now worth well over a $1,000,000. I think that I am almost ready to retire." A subscriber and retired cardiac surgeon named R. C. Beck recently told us: "I took my wife's portfolio from her advisor and quadrupled it”iRAs" Pay for Your Retirement? Page 15 of 28, Right now — and for many years to come — we believe some of the best investment opportunities in the world will be in healthcare and medicine. So for over two years we searched for an analyst with the kind of real-world, insider experience we look for... ‘Then we met Rob Fannon ~ one of the most well-connected medical insiders in America. To say Rob's seen every side of this industry is an understatement, He's worked on lab projects for the U.S. government. He's done cancer research at one of the most prestigious hospitals in the world. He helped set up a biotech firm in Asi ‘Today, Rob works for us, writing an independent investment advisory called The Medical Investor. In it, he routinely covers the world's most innovative new medical technologies... scientific procedures... and breakthrough medicines... But what really sets Rob's work apart are the opportunities he uncovers that only a true medical insider could know about ~ opportunities like the government- sponsored HiRA. I don't think anyone else — anyone who didn't have Rob's years of field experience combined with years of market analysis — could have discovered such an amazing income opportunity... And there's no reason why you can't start using this strategy yourself right now... to ensure an early, worry-free and rich retirement. That's why I want to send you, free of charge, his special report called "HiRAs — The Healthcare Secret to an Early Retirement. All I ask in return is you give Rob's letter, The Medical Investor, a risk-free trial Tl tell you more about The Medical Investor in a minute. But before I do, I'd like to tell you about another great investment opportunity RobCan "HiRAs" Pay for Your Retirement? Page 16 of 28 11/1/2007 recently uncovered, thanks to his unique, insider experience... How to Be Right (and Make Money on it) 99.99% of the Time Most people know about the outstanding fortunes a breakthrough drug can brin; Not just for the company that made it - but for the investors that put their money on it while it was still in the early stages of testing. Here are just a few examples... Company New Drug You Could Have Made... Genentech Herceptin Over 621% in 19 months Amgen — Neupogen 256% in one year Celgene Thalomid 433% in 16 months / 6,900% as of today That's just skimming the surface... The catch is, for most of us, betting on biotech is a risky venture... As I'm sure you know, the majority ~ the vast majority ~ of potential new drugs fail to get FDA approval. In fact, only 1 in 10,000 new drug candidates actually pass. So while success can bring instantaneous wealth... its nearly impossible to come by. But what most people don't know is this: ‘There's actually a way you can make a fortune investing in new drugs... even when they fail. And I'm not talking about shorting drug stocks or buying “put options."Can "HiRAs" Pay for Your Retirement? Page 17 of 28 1/2007 I'm talking about owning an investment that's all but unknown outside the medical community... A company that actually succeeds whether a new drug ~ any new drug — passes or fails its FDA tests, Just consider that for a moment... By betting on a new drug to become the "next big thing," you have a 1 in 10,000 chance of being right. But by betting on a new drug to fail, you'll be right 99.99% of the time. Either way, there's an investment you can make that stands to profit in either scenario — pass or fail, it doesn't matter. Nothing is guaranteed in the investing world... but I don't know of anything that comes this close. What exactly am I talking about? Let me explain... 300% Gains from the Most Carefully Guarded Secret in Biotech You might be surprised, but most biotech and Big Pharma companies ~ from giants like Amgen to the firms you've never heard about ~ don’t run their own drug tests. There's a whole other realm of medical companies that do it for them ~ companies that specialize in drug research, ‘These testing firms find doctors, recruit participants, run the tests and compi data. ‘They have no fii s to theCan "HiRAs" Pay for Your Retirement? drug itself — or the company that made it... other than the fact that they get paid whether that new drug passes or fails its tests. Let me say that again: All these companies do is test new drugs. And they make money no matter what the result. The way I see it, let other people gamble on whether a new drug will succeed. I'd rather take the sure thing ~ by investing in these testing companies — and get paid every time anew drugis tested. ‘Now here's what's most exciting: Today, there are only two companies in the entire United States that dominate this field. One of these companies specializes in "early-stage tests" (Phases 1 and 2). The specializes in "late-stage test: 3). Ifa new drug is going throngh the EDA approval process, chances are Page 18 of 28 The Exponential Rise of Drug Testing — and Shareholder Wealth ‘Two firms dominate the drug-testing sector. And ‘over the past 5 years, each one has been a hoon to shareholders ~ climbing steadily ‘each year for a total return of close to 300%. Just take a look at these graphs... Early Stage Testing Company (2002-Now): Late Stage Testing Company (2002-Now): iF] The best part is, the number of drug tests performed by this industry is expected to double in five years. Double the drug tests means double the revenues. And that means: These companies could be the most profitat healthcare for a very, very long time... one of these two companies — or both — is doing the testing, So it's no surprise that these companies are virtual cash machines for shareholders. Over the past five years, each one has returned close to 300%. And there's no sign whatsoever of a slow-down. 11/1/2007Can "Hi, 11/1/2007 " Pay for Your Retirement? Page 19 of 28 Drug companies spent about $73 billion on research and development last year. A full 21% ($15 billion) of this was outsourced to the drug testing industry. That number is expected to double by 2010. As Barron's reports: "Demand [for these testing services] is on the rise, More drugs are now in development and need testing, and big drug makers, including Pfizer and Jobnson and Johnson are outsourcing development-related work to cut costs and speed along drug approvals.’ What it all boils down to is this: Ifyou want a simple and safe way to make a fortune over the next few years as more and more drugs get tested, this is the best way to do it. There's no guarantee as to how many drugs will get approved each year ~ but we do know that every drug will be tested. And the companies that provide these services will keep profiting exponentially as a result. One of the companies I'm going to tell you about has a $2.24 billion backlog of business ~ a 24% inerease from the year before. The other company has a backlog of $2.2 billion ~ a 33% increase from the year before. Rob's written a special report to help you take advantage of this situation immediately. It's called: "How to Make a Fortune Investing in New Drugs — Even When They Fail. When you take a trial subscription to The Medical Investor, you'll receive a copy of this new report, free of charge. How will you know if The Medical Investor is right for you? Let me tell you more about it, so you can decide for yourself...Can "HiRAs" Pay for Your Retirement? Page 20 of 28 How to Make a Fortune on the Demographic Shift in American History “Impossible as it may be to outwit Father Time, becoming increasingly possible to make a buck off him as more people are reaching old age than ever before in the history of the planet.” “Intemational Herald Tribune ‘The biggest demographic shift in Ame Boomers are retiring — and they're spent have before. history is taking place right now: Baby ng more on medical care then they ever Or, to use the words of the New York Times: "Baby boomers are descending upon the healthcare infrastructure of the United States like locusts upon a cornfiel So it's should come as no surprise that healthcare is the fastest-growing industry in A recent BusinessWeek article detailed how, since 2001, 1.7 million new jobs have been added to the healthcare sector. Guess how many jobs have been added in the rest of the economy: Zero. westors, the story goes something like “The ratio of working Americans to retired Americans ‘The healthcare sector accounts for 14% of __will drop from 5 to 1, to 2 to 1 total equity value for the S&P 500, making —_over the next fifty years." it the third-largest industry in the market. *Reatty Times According to Richard Cripps, an analyst at Legg Mason, Baltimore, it could become #1 in the next ten years,Can "HiRAs" Pay for Your Retirement? Page 21 of 28 Bottom line: Healthcare is where the money is ~ and where it will be for the next decade and beyond... As Liu-Er Chen, a manager at Evergreen Funds in Boston, says: "Over the past 10 or 15 years, healthcare stocks have significantly outperformed the S&P 500, and the future long-term results should be similar or even better." That's why we started publishing The Medical Investor — to show our readers the best ways to capitalize on this mega-trend. It's also why we've hired the best medical analyst in the country to write it... Why Connections Make all the Difference... I mentioned earlier how Rob Fannon has an MBA and Masters in Public Health from Johns Hopkins University. How he's worked in the lab of one of America's best hospitals, and even helped set up a biotech firm in India. What I didn’t mention is that soon after we hired him, he insisted on hiring one of the “Rob, | think you're a genius." men he met at Hopkins as his analytical assistant. His name: Dr. George Huang. “Subscriber Jason Wells, Sever, MD Dr. Huang got his PhD from the Hopkins School of Medicine, studying under a 2003 Nobel Laureate in Chemistry. Before working for us, he worked for a biotech firm in Canada. He speaks three languages... and has been published in the four leading journals of his field. Since joining our team, these two men have used their experience ~ and treasure trove of connections ~ to find some of the greatest medical investments in the markets today. For example... + From his work in genetics, Rob told us about a radical new medical treatment called RNAi, which is being used to treat several major disorders. After consulting with Dr. Judy Lieberman — a Professor of Medicine at Harvard"HiRAs" Pay for Your Retirement? Page 22 of 28 University... and a patent attorney, Rob added an RNAi company called Sirna to his portfolio. Just 6 months later, it was bought out by Merck — and the stock DOUBLED OVERNIGHT. Those who got in at our original recommendation, made 203% gains. * Likewise, Rob's connections with world-famous heart doctor P.K. Shah at Cedars-Sinai Hospital led us to recommend a company called Esperion, which developed a new way to treat heart disease. Rob worked in a lab down the hall from Shah, who was involved in early research that went into the company. Three weeks after we recommended Esperion, the stock jumped 55% overnight, when it was bought by Pfizer. Rob used his connections at Johns Hopkins to learn about a new vaccine technology which is being licensed by dozens of big companies. In fact, Rob even set up a meeting between the company behind it (called Crucell) and the University. Since we tecommended Crucell, our readers have had the chance to make gains of 292%. Keep in mind, Rob and Dr. Huang have only been writing The Medical Investor for about a year. But in that short amount of time, with the limited amount of research Rob and Dr. Huang have published, the response from our readers has been incredible. Here are just some of the comments we've received: ‘I currently hold six positions from your lett er, 5 are ahead. All of my investments have made over $50,000 a s of yesterday. Not bad for a stay-at-home mom! Keep up the great work - Kim Marks, Marietta, GA "The Medical Investor is primarily where my money is invested. I have a comfort level being investe d in your vecommendations that I have never had since bu ying stocks on my own over the last 15 years." 11/1/2007Can "HiRAs" Pay for Your Retirement? Page 23 of 28, - Roy Yusko, Queens, NY "In 30 years of subscribing to advisories, [Rob's] is by far the best in my judgment. My portfolio has a $32,487 profit in less than § months. - Jack Milligan, Memphis, TN "954% of the portfolio is in the black; who can ask for more? - Leonard Hill, Evergreen Park, IL “Your service is without a doubt the best I ha ve used. In fact, I have eliminated all the others. - Gerald Sinclair, Delray Beach, FL ‘I'd love to have an ETF made up of your picks, who wouldn't? In my humble opinion, Medical Investor is way above average for return on investment." John Schoenfeld, Richmond, VA In two and half months, I've already made a 12 5.3% gain... easily the best-performing newsletter among the many I subscribe to - Sam Quincey, Santa Cruz, CA When you take a no-risk-trial subscription to The Medical Investor, you will receive: ° The Medical Investor monthly advisory, Every month, Rob Fannon and Dr. George Huang will send you a full report on their best healthcare investment idea, You'll receive this report by e-mail on the second Wednesday of every month. « Investment Report: HiRAs — The Healthcare Secret to an Early Retirement. In this report, you'll earn all about the HiRA program — which companies are involved... when you'll be able to collect your checks... andCan "HiRAs" Pay for Your Retirement? Page 24 of 28 11/1/2007 exaetly how much you could get paid. ‘The next payout is due on Novernber 19th, but you musi get in by November sth in order to claim your share. + Investment Report: How to Make a Fortune Investing in New Drugs — Even When they Fail. Why gamble on which drugs will get approved... when you can invest in the two companies that do the testing and get paid regardless of the outcome. In this report, you'll learn about these two companies. « E-mail Updates. When you take a subscription to The Medical Investor, you'll also receive daily e-mail updates on the opportunities our research group is pursuing — as well as general market commentary from S&A founder Porter Stansberry and our team of analysts. Keep in mind that when you sign up to take a risk-free trial subscription to The Medical Investor, you will have the next six (6) months to decide if it's right for you. ‘We want you to be happy with our work. And there's no sense doing business together if you're not. That's why you can try The Medical Investor for the next six months at no risk. If you're not happy for any reason, you can get a full refund. So how much does it cost to receive The Medical Investor and everything else mentioned here? I think $1,000 per year is a fair price, based on the value of this work, and the cost of putting it together. Keep in mind, your first HiRA check could easily cover this - many times over. And to be honest, Rob and Dr. Huang have charged as much as $5,000 a year for their work. But right now we're offering The Medical Investor for much, much less. Before I give you the details... let me tell you about one more thing you'll receive with your subscription. It’s the full details on what could easily be the most profitable stock in medicine...1/2007 "HiRAs" Pay for Your Retirement? Page 25 of 28 A Safe Way to Make 14,000%? Nearly 50% of Americans take prescription medication every single day ~ spending $200 BILLION each year to do so. Most people assume all that money is going to the Big Pharma giants that make the drugs. Not so. ‘There's actually a little-known group of companies that are collecting a big PBMs are “healthcare goldmines. portion of that money ~ companies known as PBMs. “The Wall Street Journal Again, unless you're part of the medical community, you've probably never heard of PBMs. To be honest, most of them are privately held ~ and extremely secretive. But they play one of the most critical roles of any company in the drug sector... Basically, these companies buy drugs in bulk from drug makers. Then, they contract with insurance companies to provide those drugs to patients at a reduced rate. Your $10 co-pay for prescriptions? That's made possible by your insurance company’s deal with one of these PBMs. And that saves Americans billions of dollars every year in drug costs. But for investors, PBMs are even better news... You see, as the healthcare industry grows, these private companies ~ one by one ~ are going public... The first one to do so was back in 1992 ~ a company called ExpressScripts. You might be familiar with the name. What you might not know is thi Since ExpressScripts went public, investors have made over 14,000%."HiRAs" Pay for Your Retirement? Page 26 of 28 1/2007 Every $10,000 invested is now worth over $1.4 MILLION. ‘Those are the kind of gains you'd expect to get from small, risky biotech stock. Not from a big, stable firm that basically moves drugs from one place to another. And those gains are far from exceptional. Another one of these companies, Medco, went public in 2003. In just a few short years, the stock has more than tripled. It's no wonder The Wall Street Journal calls these companies “healthcare goldmines.” Now here's the best part: Just recently, another one of these companies had their IPO, And today, that stock is still hovering around the same price. Rob and Dr. Huang don't expect this to last very long. In fact, they believe it's only a matter of time before this company shoots up just like the others. Unfortunately, I can't tell you all about this company here. But when you subscribe to The Medical Investor, you'll be among the first to get all the details in Rob's most recent report: Healtheare Goldmines: How to Make a Safe 14,000%. This report, like everything else I've described in this letter, is free with your trial subscription to The Medical Investor. As I mentioned, Rob Fanon and Dr. Huang charge as much as $5,000 for their research. But right now, we're charging new subscribers just $199 for a year of The Medical Investor, including everything I mentioned in this letter. To get started right away, click here.Can "HiRAs" Pay for Your Retirement? 2004 By ordering now you will have o1 15 minutes. e access to everything described here in the next Sincerely, & George Rayburn Executive Publisher, Stansberry & Associates Investment Research October 31, 2007 P.S. The next HiRA payout is due on November 19th. To claim your share, you must be in by November 5th. If you're even remotely interested in this opportunity, I urge you to take a look at Rob's research report right away. Remember, you'll have a full six months to decide if The Medical investor is ri if not, simply cancel and we'll send you a full refund. Subscribe No ALL CONTENTS OF THIS E-MAIL ARE COPYRIGHT 2007 BY STANSBERRY & ASSOCIATES INVESTMENT RESEARCH ALL RIGHTS RESERVED: REPRODUCING ANY PART OF THIS DOCUMENT 5 PROHIBITED WITHOUT THE EXPRESS WRITTEN CONSENT OF PORTER STANSBERRY, Protected by U.S. Copyright Law (Title 17 U.S.C. Section 103 et seq,, Tite 18 U.S.C. Section 2319}: Infringements can be punishable by up to five years in prison and $250,000 in Fines. DISCLAIMER: This work is based on SEC flings, current events, interviews, corporate press releases and what we've rs and you shouldn't make any investment decision based solely ‘Stansberry & Associates Investment Research ey recommend to our subs employees and agents must ws 72 hours after a direct mail pl ail Stansberry hhours after an Page 27 of 28 Page 28 of 28