Buyers with Nearly US$1 Trillion in Annual Sales to Participate in 43 More Events in 2007
HONG KONG, March 15 /Xinhua-PRNewswire-FirstCall/ -- Circuit City, OfficeMax, RadioShack and nine other buying organizations with annual sales of US$147 billion met 45 Greater China suppliers at Global Sources (Nasdaq: GSOL) Private Sourcing Event in Shenzhen on March 12.
(Logo: http://www.prnasia.com/sa/200701111135-min.jpg )
In 2007, Global Sources is scheduled to hold 43 more Private Sourcing Events enabling Greater China suppliers to meet one-on-one with buying organizations representing nearly US$1 trillion in annual sales.
Global Sources Chairman and CEO, Merle A. Hinrichs, said: "More and more of the world's top buyers are requesting to participate in these unique, highly-effective sourcing events.
"Along with our print, online and trade show media, Private Sourcing Events are part of our complete solution to help Greater China suppliers overcome the challenges of 2007 by working with top buyers."
Vice President & General Manager of Circuit City Global Sourcing, Jeric Ma, said: "This is our third consecutive year participating in Private Sourcing Events. We've witnessed tremendous progress and the events have become an important part of our China sourcing program.
"Meeting multiple, pre-qualified suppliers this way not only saves us time, but also widens our supplier base and enables us to source the products we need."
Retailers who participated in the Digital Media Players and Accessories Private Sourcing Event included:
-- Brookstone -- one of the largest specialty retailers in the US
-- Circuit City -- the second largest electronics retailer in the US
-- Casino -- France's largest convenience store operator
-- Kesa Electricals -- Europe's third largest electronics retailing group
-- Kmart (Australia) -- one of Australia's largest discount chains
-- OfficeMax -- the third largest office supply retailer in the US
-- RadioShack -- the third largest electronics chain in the US
-- Staples -- the world's leading supplier of office products
-- Target (Australia) -- one of Australia's largest retailers
-- Woolworths (Australia) -- Australia's largest retailer
Buyers from IPA and Woolworths (UK) also participated.
"In a year, we might meet a single buyer at this level. Today, we met privately with four of the world's largest buyers," said Iposky Electronics Vice General Manager, Power Lee. "This is an excellent chance for us to enter new markets and learn from working with top buyers."
World's Largest Buyers Scheduled to Attend Upcoming Private Sourcing Events
Some of the world's top buyers including Carrefour, RadioShack, Coles Group, Casino, NEC and Tchibo are scheduled to attend upcoming Private Sourcing Events.
The next three scheduled events are:
-- Sportswear, Sports Footwear and Backpacks -- March 27
-- Phone Systems - Corded, Cordless and VoIP Phones -- March 28
-- Kitchen & Tableware -- April 3
Suppliers wishing to participate can contact csm@globalsources.com. Buyers can apply by contacting privatesourcingevents@globalsources.com.
Private Sourcing Events are part of the company's sourcing and product information services which include Global Sources trade magazines, Global Sources Online ( http://www.globalsources.com ), Global Sources Direct
( http://www.globalsourcesdirect.com ) and the China Sourcing Fairs
( http://www.chinasourcingfair.com ).
For more information, visit http://corporate.globalsources.com .
About Global Sources
Global Sources is a leading business-to-business (B2B) media company and a primary facilitator of two-way 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 key business segment facilitates trade from the world to Greater 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 560,000 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 230 countries.
The company offers the most extensive range of media and export marketing services in the industries it serves. It delivers information on 1.8 million products and more than 150,000 suppliers annually through 13 online marketplaces, 11 monthly magazines, over 100 sourcing research reports and nine specialized trade shows which run 22 times a years across seven cities. Suppliers receive more than 10 million sales leads annually from buyers through Global Sources Online ( http://www.globalsources.com ) alone.
Global Sources has been facilitating global trade for 36 years. In mainland China it has over 1,600 team members in 44 locations, and a community of over 1 million registered online users and magazine readers for
Chinese-language media.
Global Sources Press Contact in Asia:
Camellia So
Tel: +852-2555-5021
Email: cso@globalsources.com
Global Sources Investor Contact in Asia:
Eddie Heng
Tel: +65-6547-2850
Email: eheng@globalsources.com
Global Sources Press Contact in U.S.:
James W.W. Strachan
Tel: +1-602-978-7504
Email: strachan@globalsources.com
Global Sources Investor Contact in U.S.:
Moriah Shilton & Cathy Mattison
Lippert/Heilshorn & Associates, Inc.
Tel: +1-415-433-3777
Email: cmattison@lhai.com
