"At 21.7, the average p/e ratio of the stocks in our universe of very high growth small-cap stocks is about 30% less than the average P/E we’ve observed over the last five years," says growth stock expert Jim Oberweis, Jr.

In his Oberweis Report, he explains, "We suspect that, in retrospect, this will be remembered as an incredible time to have bought small-cap growth equities." Here's a look at two favorite advertising plays.

"So far, we’ve been early to suggest that Wall Street is ripe to fall in love with small-growth stocks again. Cheap stocks have become cheaper. Indeed, before this is over they might become cheaper still. But we do believe that the days of super bargains are limited.

With over 30 years of track record for this Report, we have a good perspective. Times in which bearish sentiment runs high while appetite for risk runs very low have proven to be exceptional buying opportunities.

"It sometimes has takes a few quarters to flush out the bad news; invariably, however, valuations trend back to normal levels over time and stock prices rally, sometimes with rocket speed. The last time we saw a level this low was five years ago, in April 2003.

"VisionChina Media (NASDAQ: VISN) operates an out-of-home advertising network on mass transportation systems — including buses and subways — that reach over 26 million viewers each day in China.

"As of December 31, 2007, VisionChina’s advertising network included over 41,400 digital television displays on mass transportation systems in 15 of China’s largest cities, including Beijing, Guangzhou and Shenzhen.

"VisionChina has the unique ability to deliver real-time, location-specific broadcasting, including news, stock quotes, weather and traffic reports and other entertainment programming.

"In the company’s latest reported fourth quarter, sales increased approximately 495% to $12.0 million from $2.0 million in the fourth quarter of last year. VisionChina reported earnings per share of $.10 in the latest reported fourth quarter versus $.05 in the same quarter of last year.

"Clients of Oberweis Asset Management own approximately 861,000 shares. These shares may be appropriate for risk oriented investors.

"Global Traffic Network (NASDAQ: GNET) provides traffic and news information reports to radio and television stations in international markets. The company is the largest provider of traffic information reports to radio and television stations in Australia and Canada.

"Global Traffic Network derives substantially all of its revenue from the sale to advertisers of commercial advertising inventory embedded within these information reports. The company began providing traffic reports in Australia in 1997, in Canada in 2005, and in the UK in 2007.

"In the company’s latest reported second quarter, sales increased approximately 60% to $13.2 million from $8.2 million in the second quarter of last year. Global Traffic Network reported earnings per share of $.06 in the latest reported second quarter versus $.00 in the same quarter of last year.

"Clients of Oberweis Asset Management own approximately 92,000 shares. These shares may be appropriate for risk oriented investors."