The sites are expected to be ready for launch within three months. The company intends to `Go West' with the two sites and market these in a big way there for which it is negotiating with three Silicon Valley-based venture capital funds with front-end marketing sister concerns.

MIT promoter and managing director Purushottam Bhageria is keen to offload a part of his equity in lieu of capital infusion and marketing tie-up. With this aim in mind, MIT was listed on Delhi Stock Exchange in May through private placement by Bhageria.

The share is presently hovering at Rs 30. Bhageria is optimistic of selling part of his stake at a minimum of Rs 100 a share as it can easily fetch a premium of Rs 70 in the US market.

"Both the portals will be a superhit as the ideas that we have conceptualised are unique to the American people and therefore, will be much indemand there," Bhageria told The Financial Express.

The sites are being developed by the company's software engineers. By eyeing the US market with his year-old internet company, Bhageria aims to convert his company to yet another Hotmail or e-Bay, which could later become a darling of the US stock exchanges once it is listed.

The company is already running India's first free classified portal www.mitclassifieds.com since March last. This site allows potential buyers and sellers to place their ads free of cost in cyber space.

Among these, the most popular columns pertain to dating and personal with an approximate registration of 14,000 people and matrimonial which have a large number of people interacting with each other for prospective brides and grooms.

Though the site is averaging 15,000 hits a day already, Bhageria realises that it will be tough to recover Rs 3 crore, which he has sunk into the company, from classified sites in the immediate future given the present internet penetration inIndia. This has essentially led him to tap the US market which has over 50 million Net subscribers already.

Last year, MIT started ICQ India, the Indian chapter of the world famous chatting site. The chapter already has over 14,000 registrations and helps bind together Indians all over the world. Besides, the ICQ site facilitates people across the globe to chat with each other.

MIT is also developing a few other interesting sites ``related to issues that encompass and affect the new millennium and with matters relating to the country's current political situation and people's opinions on their preferences for electoral candidates.''