The creator of a Web site that will purportedly depict two teens losing their virginity online insists the venture is neither a hoax nor a porn scam. Early next month, Our First Time promises to webcast two alleged 18-year-old high school graduates having sex.

"We're going to do this as tastefully as possible," said Oscar Wells, a Web designer based in Los Angeles who says he has no experience with pornography. "I know we're breaking a lot of eggs here." Though Internet mailing lists and discussion groups are rife with speculation about the site, the teens &£45;- known only as "Diane" and "Mike" &£45;- and the creator's intentions, Wells said Our First Time is not a commercial venture. Rather, he said, it is an exercise in free speech and a lesson in sex education.

Wells said his wife is irritated that he's giving away his time and spending their money on the project. See for yourself ...

http://www.ourfirsttime.com/

(? CNN)