Hi Alex,
PPC may seem expensive (after all, it's per click!), but if you target effectively and precisely, it can be really cost effective - especially since you can work out a rough conversion rate and basically, what cost per click will work for you and what won't.
SEO is more of a long run effort, and it's not necessarily expensive - although linkbuilding can be expensive if you don't have any good content (you don't seem to from your sig...), but it's worth the effort with Google these days.
Btw, please, please change your sig and promote a product you believe in!
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Might be an amusing exercise to ask the people who gave you that recommendation how many other terrible link building firms (Indian or otherwise) they trawled through to find the diamond in the rough...
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