Suppliers Scheduled to Meet Circuit City, Kesa Electricals and Tesco at Global Sources Private Sourcing Event
HONG KONG, July 18 /Xinhua-PRNewswire-FirstCall/ -- Nine buyers with annual sales of US$200 billion are scheduled to meet Greater China suppliers of PC peripherals at Global Sources' (Nasdaq: GSOL) Private Sourcing Event ( http://www.privatesourcingevents.com ) in Shenzhen on July 19.
(Logo: http://www.prnasia.com/sa/200703271450.JPG )
Global Sources' Chairman and CEO, Merle A. Hinrichs, said: "Private Sourcing Events are extremely efficient channels for global buyers to source high-demand products from Greater China manufacturers.
"For suppliers with innovative new products and world-class production facilities, these exclusive meetings enable them to beat the competition to market by introducing their products directly to the world's top buyers."
Head of General Merchandise for Kmart Australia, Coles and Officeworks, Robert Ruffolo, said: "Private Sourcing Events give us the chance to source year-round, outside the big trade show seasons.
"PC peripherals are in demand all year long and it's a very volatile category which needs constant reviewing. We need to keep a steady flow of new products in the pipeline to stay ahead of the competition."
Buyers scheduled to participate in the PC Peripherals Private Sourcing Event are:
* A.S. Watson -- Hong Kong's largest retail and manufacturing group with
$12.7 billion in annual sales
* Casino -- France's largest convenience store operator with $3 billion
in annual sales
* Circuit City -- the second-largest electronics retailer in the US with
$11.5 billion in annual sales
* Kesa Electricals -- Europe's third-largest electronics retailing group
with $8 billion in annual sales
* Kmart (Australia) -- one of Australia's largest discount chains with
$3.3 billion in annual sales
* Markant -- one of Europe's largest trading cooperatives with $52
billion in annual sales
* Staples -- the world's largest office supply retailer with $18.2
billion in annual sales
* Tesco -- the world's fifth-largest retailer with $85 billion in annual
sales
* Woolworths (UK) -- one of the UK's largest general retailers with
$5.5 billion in annual sales
World's Top Buyers Scheduled to Attend Upcoming Private Sourcing Events
Some of the world's top buyers including Circuit City, Foxconn and Sears, are scheduled to attend upcoming private sourcing events:
* Camping & Leisure: Hangzhou -- July 26
* Bluetooth Products & Accessories: Shenzhen -- July 31
* Summer Garments: Wuxi -- August 9
Recent Private Sourcing Event for In-Car Electronics, Hong Kong, July 17
International buyers including Carrefour, Casino and Staples met 23 in-car electronics exporters from Greater China at the July 17 Private Sourcing Event in Hong Kong.
"Due to the private, one-to-one nature of these meetings, we felt comfortable showing our newest products," said one supplier, Hotwell Electronics' Sales Manager, Hellen Han. "We got great reaction from buyers and received excellent feedback that will help us refine our designs."
Global Sources has scheduled more than 50 Private Sourcing Events for 2007. A complete list of Private Sourcing Events to be held this year is available at http://www.privatesourcingevents.com .
Suppliers wishing to participate should contact csm@globalsources.com. Buyers may 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 600,000 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 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, 12 monthly magazines, over 100 sourcing research reports and nine specialized trade shows which run 22 times a year across seven cities.
Suppliers receive more than 13 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 1,700 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 & Christiane Pelz
Lippert/Heilshorn & Associates, Inc.
Tel: +1-415-433-3777
Email: cpelz@lhai.com
