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Cost is only $6.95 per month. That is crazzy.
Unlimited hosting space - You do not have to worry about upgrading or moving to another plan when your site grow. Ideal for websites that host multimedia files or files servers.
Unlimited file transfer - You do not have to worry about the bandwidth. You site wont stop working just because you exceed the bandwidth limit.
Host Unlimited Domains - may be you can help your friend host his domain as well.
If you really find this interesting check it out at bluehost.com. Try out demo cPanel control which you will have to work with for rest of your life may be.
Free Domain included with the package. It is so simple as there are no different plans to select with.
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If you do not want to spend time and money developing you will find these website plug-in scripts really usfull. Web Blogs / Wordpress / b2evolution Mailing Lists Image Galleries / Coppermine (More!) Poll and Survey Software Moodle Tikiwiki Mambo and Joomla phpForm Generator Help Center/Support Ticket
If you are looking for web hosting plan this would be a great deal I guess. Why do not you have a look at bluehost.com