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Bluetooth Device Buyers with Combined Annual Sales of US$77 Billion to Meet Greater China Exporters in Shenzhen

2007-07-27 15:25 1168

Circuit City, RadioShack and Staples Among Buyers Scheduled to Participate

in Global Sources' Private Sourcing Event

HONG KONG, July 27 /Xinhua-PRNewswire-FirstCall/ -- Seven buyers with combined annual sales of US$77 billion are scheduled to meet Greater China suppliers of Bluetooth products and accessories at Global Sources'

(Nasdaq: GSOL) Private Sourcing Event

( http://www.privatesourcingevents.com ) in Shenzhen on July 31.

(Logo: http://www.prnasia.com/sa/200703271450.JPG )

Global Sources' Chairman and CEO, Merle A. Hinrichs, said: "Online promotion has become an indispensable marketing tool -- but, alone, it's not enough to attract top buyers.

"That's why we offer suppliers a complete export marketing platform which includes online for lead generation, print for branding and face-to-face opportunities like our Private Sourcing Events and China Sourcing Fairs to finalize orders."

Buyers scheduled to participate in the Bluetooth Products & Accessories Private Sourcing Event are:

* Casino -- France's largest convenience store operator -- $33 billion

in annual sales

* Circuit City -- the second-largest electronics retailer in the US -

$11.5 billion in annual sales

* IPA -- one of Spain and Portugal's largest purchasing consortiums -

$1.5 billion in annual sales

* Kmart (Australia) -- one of Australia's largest discount department

store chains -- $3.3 billion in annual sales

* RadioShack -- the third-largest US electronics chain -- $4.8 billion

in annual sales

* Staples -- the world's largest office supply retailer -- $18.2 billion

in annual sales

* Woolworths (UK) -- one of the UK's largest general retailers -- $5.5

billion in annual sales

One buyer, Staples' Business Team Manager -- Technology, Jeffrey Jiang, said: "Taiwan suppliers are driving the high-end in the Bluetooth device market, but mainland China and Hong Kong suppliers are catching up quickly.

"To find the best products, we'd usually have to visit multiple sourcing hubs. One of the advantages of Private Sourcing Events is that we can meet some of the best suppliers from across Greater China, all in a single location."

One supplier, Zhongshan K-mate General Electronics' General Manager, Leo Ye, said: "We've transformed our company in the past year so that we can meet the requirements of top buyers. We're very confident the buyers we meet are going to be impressed -- not just by our innovative products -- but by the value we add to what we sell."

World's Top Buyers Scheduled to Attend Upcoming Private Sourcing Events

Some of the world's top buyers, including A.S. Watson, Casino, Metro and QVC are scheduled to attend upcoming Private Sourcing Events: The next three events are:

* Summer Garments: Wuxi -- August 9

* Sporting Goods: Shanghai -- August 23

* Baby & Children's Bedding & Furniture: Shanghai -- August 24

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

Source: Global Sources
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