Private Sourcing Events help Greater China suppliers tap new opportunities as global economy recovers

Global Sources

2010-02-08 13:40 1661

English

Quality suppliers met leading buyers with combined annual sales of US$570 billion

HONG KONG, Feb. 8 /PRNewswire-Asia-FirstCall/ -- Nine Global Sources (Nasdaq: GSOL) (http://www.globalsources.com ) Private Sourcing Events were held in January to help Greater China suppliers expand their exports as the global economy shows signs of improvement.

(Logo: http://www.prnasia.com/sa/200708071747.jpg )

Twenty-six buyers with combined annual sales of US$570 billion participated in the January events meeting face-to-face with over 150 verified and pre-screened suppliers. Products sourced include portable digital devices, winter garments, small kitchen appliances and iPod accessories.

Among participating buyers were Auchan, Brookstone, Canadian Tire, Carrefour, Casino, Decathlon, El Corte Ingles, Kesa Electricals, Marks & Spencer, Office Depot, Otto International, Redcats, Sears and Target Australia.

Global Sources' Chairman and CEO, Merle A. Hinrichs, said: "As the global economy recovers, suppliers need fast, direct access to top buyers to win their business. And, buyers need to find quality suppliers to fill rapidly growing demand, without sacrificing quality.

"Private Sourcing Events help both parties meet to bring quality products to market while growing their profits."

Participating buyer, Merchandising Manager of LPP S.A., Grace Guo, said: "We are looking for competitive suppliers that can adapt quickly to the changing needs of our markets, and deliver quality products in a timely manner.

"We have regularly participated in Private Sourcing Events in the past years. The events have helped us find numerous dependable suppliers from whom we source constantly."

One supplier, Manager of Asia Sports Co., Jason Hu, said: "Our experience in the global economic downturn made us realize the importance of building long-term partnerships with stable buyers. With Private Sourcing Events, we can meet quality-conscious international buyers who are looking for a stable business relationship."

World's top buyers scheduled to attend upcoming Private Sourcing Events

Over 100 Private Sourcing Events are planned for 2010, with dozens of buyers including Carrefour, Li & Fung, Staples and Tesco scheduled to participate. All Private Sourcing Events are complimentary for buyers and only Global Sources suppliers are eligible to participate. More information about Private Sourcing Events is available at http://www.PrivateSourcingEvents.com .

Suppliers wishing to participate should contact csm@globalsources.com.

Specialized Global Sources websites, face-to-face events and trade magazines

Private Sourcing Events are part of Global Sources' sourcing and product information services. These include Global Sources Online (http://www.globalsources.com ), China Sourcing Fairs (http://www.chinasourcingfair.com ) and Global Sources monthly magazines (http://www.globalsources.com/SITE/MAGAZINES.HTM ).

For more information about Global Sources' products and services to connect quality buyers and quality suppliers, visit http://www.corporate.globalsources.com .

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 uses English-language media to facilitate trade from Greater China to the world. The other business segment utilizes Chinese-language media to enable companies to sell to, and within Greater China.

The company provides sourcing information to volume buyers and integrated marketing services to suppliers. It helps a community of over 854,000 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 240 countries.

The company offers the most extensive range of media and export marketing services in the industries it serves. It delivers information on 4.5 million products and more than 247,000 suppliers annually through 14 online marketplaces, 13 monthly magazines, over 100 sourcing research reports and 12 specialized trade shows which run 30 times a year across 10 cities.

Suppliers receive more than 96 million sales leads annually from buyers through Global Sources Online (http://www.globalsources.com ) alone.

Global Sources has been facilitating global trade for 39 years. Global Sources' network covers more than 60 cities worldwide. In mainland China, Global Sources has about 2,500 team members in more than 40 locations, and a community of over 1 million registered online users and magazine readers for its Chinese-language media.

Global Sources Press Contact in Asia:

Camellia So

Tel: +852-2555-5021

Email: cso@globalsources.com

Global Sources Press Contact in U.S.:

James W.W. Strachan

Tel: +1-480-664-8309

Email: strachan@globalsources.com

Global Sources Investor Contact in Asia:

Investor Relations Department

Tel: +852-2555-4777

Email: investor@globalsources.com