Definitely stay away. This is nothing but a suck in. The fellow that is behind this scam is behind one of the most well known scams on the internet. Check out http://www.lilhost.com and check for the term lilhost scam and all the people who have lost money with this jerk.
The hosting company is more than likely the same scammer as behind http://www.affiliateprotectionengine.org as they are both served from http://www.domainhouse.com which operates from a fraudulent address in Los Angeles, California.
Protect yourself before you get caught in a scam. Go to the http://www.ripoffreport.com and look up the latest release on lilhost.com.