NewswireToday - /newswire/ -
Polmont, Stirlingshire, United Kingdom, 2007/08/07 - Convertiblehire has undertaken a rapid growth strategy which involves publishing helpful resources for people on renting cars - regardless of where they live in the country - ConvertibleHire.com.
The site is currently experiencing a 12 fold increase in traffic on a weekly basis, explains Stewart Douglas of convertiblehire.
"We are very pleased by the performance of Red Media within our portfolio. We have always been confident, that through delivering innovative and useful content, that almost any website can succeed.
Our success with convertiblehire, in such a short time period, is a great example of that in my opinion."
The site is set to improve further with guest writers coming on board and other features which are being proposed by the sites new executive editor - Stewart Douglas.
convertiblehire is a website which aims to provide helpful information for those that are considering renting cars, regardless of where they live.
Red Media are a holding company, focusing primarily on developing and maintaining media assets. Based in the UK, Red Media have holdings in a diverse portfolio of online and traditional media channels, including convertiblehire in the online arena.
The news comes only weeks after Red Media publicly declared an interest in obtaining A+Online in an asset-buyout. After much negotiation, A+Online was bought in its entirety from its private owners, and subsumed within the Red Media corporate structure.
A+Online, the company behind convertiblehire, were estimated to hold assets worth in excess of $12 million, making them significantly smaller than their parent company. Despite this, Red Media maintain the quality of the assets, coupled with A+Online's powerful media branding made them an attractive choice.