Just minutes ago, I received an exciting note in my inbox from Rob Gabriel, Founder and Developer of MyLiveSearch, declaring he’s launching the Web’s first true real-time search engine on Wednesday, Aug. 29.

“I would have hoped to release the beta release earlier,” he stated, “but strongly believe that continued development has now made Mylivesearch even more advanced [than] ever before.”

“Once you try MyLiveSearch,” added Gabriel, “you will be able to explore the Internet like never before and see for yourself how this technology will have a profound impact on how you search the Internet.”

The Melbourne start-up originally planned to unleash the search engine that promises to give users power to scope the entire Web “live to the second” at the end of June.

Gabriel, 35, claims MyLiveSearch will provide users better results than existing search engines, including Google.

Despite Google’s vast resources, its spiders cannot track updates to the Web in real time. Moreover, it’s estimated that Google indexes less than a fifth of the Internet.

MyLiveSearch’s technology, which has been in development for the past eight years, works through a browser plug-in. The search terms are put through indexed search databases, including those of Google, Yahoo and MSN, as well as users’ bookmarks and other popular web hubs.

But those results are just starting points. The “live search” then kicks in, actively seeking out all connected web pages, apparently in just seconds.

Google, which has a history of acquiring technology that could aid its competitors, has reportedly met with the MyLiveSearch team on at least a couple of occasions.