Twelve buyers representing US$300 billion in annual sales met with Greater China suppliers at Global Sources Private Sourcing Events

Global Sources

2010-04-08 14:30 1628

English

March events brought suppliers face-to-face with buyers from Carrefour, Casino, El Corte Ingles, Kesa Electricals, Li & Fung, Office Depot, RadioShack

and Target Australia

HONG KONG, April 8 /PRNewswire-Asia/ -- Eight Global Sources (Nasdaq: GSOL) Private Sourcing Events (http://www.PrivateSourcingEvents.com ) were held in China in March, bringing top buyers and Greater China suppliers together in face-to-face exclusive meetings.

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

Twenty-two sourcing teams representing 12 global buyers with a total annual revenue of more than US$300 billion joined Private Sourcing Events in March to meet face-to-face with over 75 verified and pre-screened suppliers. Among the participating buyers were Carrefour, Casino, El Corte Ingles, Kesa Electricals, Li & Fung, Office Depot, RadioShack and Target Australia.

Product categories at the events ranged from household appliances, gifts and children's items to iPhone accessories and digital home entertainment.

The eight Private Sourcing Events held in March are part of the 50 events that have been scheduled for the first half of 2010, with the aim to help buyers and suppliers conduct trade more efficiently and profitably.

Global Sources' Chairman and CEO, Merle A. Hinrichs, said: "As the global trade environment improves further, our Private Sourcing Events are providing an unmatched opportunity for suppliers to win new orders, and for buyers to enjoy a streamlined channel for reaching pre-screened, quality suppliers.

"The Private Sourcing Events, along with our online and print media, provide an end-to-end solution for both parties to conduct profitable business."

One participating buyer, Deputy General Manager of SeaLink Sourcing Group (buying office of The Source), Kenneth Tse, said: "We are restocking inventory with unique products to gain a competitive edge.

"The Private Sourcing Events helped us quickly purchase from suppliers that meet our quality and innovation standards. This is because the event enables us to source more confidently from suppliers knowing that they have already been pre-screened before we meet them."

One supplier who participated in the event, General Manager of Shenzhen Ounuo Technology Co., Eva Zhang, said: "The Private Sourcing Events are an important step for us to increase our exports. The one-on-one meetings put us in direct contact with major buyers. I am confident that we can start long-term business relations with some of the buyers we met at the events."

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 Casino, Sears, 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' 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 ) 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 888,000 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 253,000 suppliers annually through 14 online marketplaces, 13 monthly magazines, over 80 sourcing research reports and 17 specialized trade shows which run 55 times a year across 10 cities.

Suppliers receive more than 136 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