Hi Simon
I was recommended by someone I know and I have also got this years copy of neighbouring mag, looks good quality, I'm 100% sure it is not a scam as I also have had dealings with same guy before with another local mag.
Just not sure if an annual mag would be any better than advertising monthly, the main difference being is that you get a whole page advert, a5 size, and a bio about you and the company, so a quite a bit more than a basic box advert.