Press Releases & Company News

Red Advertising Acquires Job Store

09/11/2007

Online classified job advertising group Red Advertising Ltd today confirmed that it has completed the acquisition of the niche catering and hospitality job board www.jobstore.co.uk from its previous owners JSP Resources Limited.

This follows an earlier statement from the company confirming that it is looking to increase its market share within the online classified job advertising space via both organic growth and strategic acquisitions.

Commenting on the latest developments, Red Advertising Director Richard Clarke said “We are absolutely delighted to have secured this business. It increases our market share of the online Catering and Hospitality job sectors and combined with our other online offerings is, not only a good strategic fit for us, but also helps increase our exposure to both candidates and advertisers within this sector”

The financial Consideration for the acquisition remains confidential at the request of the previous owners.

Richard Clarke further commented “We intend to continue to build on the current positioning we have achieved to date during 2008 and are shortly due to launch our new network advertising platform enabling us, for the first time, to bring all of our internet job board properties together under the one facility. This will provide clients with even greater coverage and further advertising brand awareness. The acquisition of jobstore.co.uk takes our number of niche and generalist job boards to 14 and we intend to advance on this during the coming year”

www.jobstore.co.uk

www.redadvertising.co.uk

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