Does anyone know anything about this posting?

Description: We are looking for a F/O for our new King Air 350, that we will be receiving in July. The aircraft will be based in South Carolina and will be operated between 550-700 hrs/year.
Requirements: The applicant must have the following minimums: 500TT, 100 hrs of multi engine, commercial pilots license, multi engine with and instrument rating. Some turbo-prop experience is a plus. You will also be responsible to preform extra duties as directed by the Flight Operations Manager. Applicant will be sent to Flight Safety for two weeks of training and then receive training annually.
Company Benefits: Starting salary is $40,000 a year, health insurance and a 401k. If selected you will be required to sign a two year training contract. No relocating expense.



...Seems like one of those "too good to be true" posts considering the economy.