MPL Communications Inc. is Canada's largest provider of independent investment advice. MPL's publications include The Investment Reporter, one of the oldest continuously published investment advisories in North America, and Investor's Digest of Canada, Canada's preeminent newspaper for investors. The company was founded in 1941 by investment adviser George Armstrong, who was determined to supply individual Canadian investors with the information and advice then available only to "insiders." Mr. Armstrong's investment philosophy-judging a company on its merits, buying undervalued stocks and holding them, and building a portfolio for long-term gains-is widely practiced today, usually under the heading of "value investing." Other MPL publications include The MoneyLetter, the Canadian Mutual Fund Adviser, the Money Reporter, The TaxLetter, and Blue Book of Stock Reports. The Investment Reporter also has its own Web site, www.InvestmentReporter.com.