Networld media now a reseller for Google Ad Words

A PPC reselling PPC, is this common?

[Macguru]

NetWorld media is selling PPC on about 40 % of the French language market.

I just recieved a promotional e-mail they now offer PPC on French Google.ca starting 10 cents a click... I guess they will do a few catches with this.

Is it common practice for a PPC company to resell third party PPC?