Masterseek is already in discussion with a number of strategic investorsand Venture Capital companies, in advance of a public listing, which RasmusRefer says will happen either at the end of this year or at the beginningof 2009.

Masterseek is looking at quotation on Nasdaq or the London Stock Exchange.

"We offer more than 10% of our company in order to attract a strongpartner," Rasmus Refer said when asked about the size of their offering."We hope it will happen, but, in the final analysis, it will be depend onthe result of our negotiations."

According to the accountancy company Horwart International, the marketvalue isapproximately $150m.

When asked about the timing of this prospectus, Rasmus Refer said, "We mayhave to wait until the end of this year or sometime next year. We need towait for the right moment on the market."

Masterseek had hoped for a quotation this year, but the management team hasbecome more conservative, especially in regard to the timetable for aprospectus program that is expected to reach the $20m mark.

Still, there is no decision taken regarding how the stocks will be quoted,but everything points at Nasdaq or AIM in London.

"UBS, JP Morgan and Deutsche Bank are all potential investors to sponsorand bridge the listing, but we are open to all enquiries. We want to findthe right strategic investors," says Rasmus Refer.

Rasmus Refer is convinced that Masterseek will be in a position to competewith Google and Yahoo! in the field B2B searches. The latter have alsobegun to take a precise look at this area of business.

"We are fully prepared. We are confident about the development of ourcompetitive skills. We offer a supplement to the major search engines.There are infinite opportunities to create a niche for ourselves in themarket," said Rasmus Refer.