Global Sources Ltd (ticker: GSOL, exchange: NASDAQ Global Select Market (.O))
News Release -
Buyers With Sales of Over US$600 Billion Scheduled to Meet Greater China Suppliers at Private Sourcing Events in MayBuyers, Including Dairy Farm, Samsung Electronics and Tesco, Scheduled to Source Gifts & Novelties, Power Supplies, Personal Care & Health Products, Telephone & VoIP Devices and Other Consumer ProductsHONG KONG, May 13, 2008 /Xinhua-PRNewswire-FirstCall via COMTEX News Network/ -- Major international
buyers -- representing annual sales of US$603 billion -- have pre-selected
Global Sources' (Nasdaq: GSOL) verified suppliers for exclusive meetings at
Private Sourcing Events ( http://www.PrivateSourcingEvents.com ) from May 13
to 30 in three key sourcing centers across mainland China.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030303/LNM011LOGO-b )
Thirty-three buyers, including Dairy Farm, Samsung Electronics and Tesco,
have confirmed their participation in events this month. Dates, product
categories and locations are:
-- May 13: Samsung Custom Private Sourcing Event -- Shenzhen
-- May 20: Hand & Power Tools, Gardening & Lawn Tools -- Ningbo
-- May 22: Gifts & Novelties -- Shenzhen
-- May 23: Power Supplies, Batteries & Accessories -- Shenzhen
-- May 26: Sportswear, Footwear & Sports Bags -- Quanzhou
-- May 28: Personal Care & Health Products -- Shenzhen
-- May 30: Telephone & VoIP Devices -- Shenzhen
Global Sources' Chairman and CEO, Merle A. Hinrichs, said: "Despite a
rising RMB and higher manufacturing costs, Greater China is still the first
place buyers look to source quality products from quality suppliers -- at the
most competitive price points. And, our verified suppliers are the reason more
and more buyers are looking to Private Sourcing Events.
"Every supplier participating has been verified by our team and pre-
screened by buyers beforehand, so buyers know they're meeting companies they
can work with. This saves both parties time -- so they can get right down to
the business of buying and selling."
One buyer expected to participate, Sourcing / Audit Manager of Otto
International Shanghai, Vincent Sung, said: "Sourcing quality products from
Greater China means working very closely with the suppliers we select. In-
person meetings are the best way to know if a supplier is someone we can
partner with for the long-term."
One supplier, General Manager of Anhui Honren Co. (Group) Ltd., Xia Jiguo,
said: "Private Sourcing Events put us face-to-face with key decision makers at
some of the world's largest companies. This gives us the unique chance to go
from introductions to orders all in single meeting."
World's Top Buyers Scheduled to Attend Upcoming Private Sourcing Events
Eighty Private Sourcing Events have been scheduled for 2008, with dozens
of buyers including Best Buy, Bose, Casino, Office Depot and Sears already
confirmed to participate. A list of Private Sourcing Events scheduled for the
first half of 2008 is available at http://www.PrivateSourcingEvents.com .
Suppliers wishing to participate should contact firstname.lastname@example.org.
Specialized Global Sources Websites, Face-to-Face Events and Trade
Private Sourcing Events are part of the company's portfolio of brands for
sourcing and product information services, which include Global Sources Online
( http://www.globalsources.com ), China Sourcing Fairs
( http://www.chinasourcingfair.com ), Global Sources monthly magazines and
Global Sources Direct ( http://www.GlobalSourcesDirect.com ).
For more information about Global Sources' products and services to
connect quality buyers and quality suppliers, visit
About Global Sources
Global Sources is a leading business-to-business media company and a
primary facilitator of trade with Greater China. The core business is
facilitating trade from Greater China to the world, using a wide range of
English-language media. The other business segments facilitate trade from the
world to Greater China, and trade within China, using Chinese-language media.
The company provides sourcing information to volume buyers and integrated
marketing services to suppliers. It helps a community of over 700,000 active
buyers source more profitably from complex overseas supply markets. With the
goal of providing the most effective ways possible to advertise, market and
sell, Global Sources enables suppliers to sell to hard-to-reach buyers in over
The company offers the most extensive range of media and export marketing
services in the industries it serves. It delivers information on 2.6 million
products and more than 195,000 suppliers annually through 14 online
marketplaces, 13 monthly magazines, over 100 sourcing research reports and 9
specialized trade shows which run 27 times a year across eight cities.
Suppliers receive more than 32 million sales leads annually from buyers
through Global Sources Online ( http://www.globalsources.com ) alone.
Global Sources has been facilitating global trade for 37 years. Global
Sources' network covers more than 69 cities worldwide. In mainland China,
Global Sources has over 2,100 team members in more than 44 locations, and a
community of over 1 million registered online users and magazine readers for
For more information, please contact:
Global Sources Press Contact in Asia:
Global Sources Press Contact in U.S.:
James W.W. Strachan
Global Sources Investor Contact in Asia:
Investor Relations Department
Global Sources Investor Contact in U.S.:
Christiane Pelz & Kirsten Chapman
Lippert/Heilshorn & Associates, Inc.
SOURCE Global Sources