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Buyers with Annual Sales of US$247 Billion to Meet Greater China Suppliers at Global Sources' Private Sourcing Event

Global Sources
2007-07-05 14:42 894

Carrefour, Circuit City and RadioShack Among 12 Buyers Scheduled to Source

Personal Audio, Video & Game Devices

HONG KONG, July 5 /Xinhua-PRNewswire-FirstCall/ -- Twelve buyers with annual sales of US$247 billion are scheduled to meet Greater China exporters of personal audio, video and game devices at Global Sources' (Nasdaq: GSOL) Private Sourcing Event ( http://www.privatesourcingevents.com ) in Shenzhen on July 10.

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

Global Sources' Chairman and CEO, Merle A. Hinrichs, said: "Growing participation from top buyers is a clear indication of the value our Private Sourcing Events are delivering.

"Many of the world's top buyers have made these unique one-to-one meetings an integral part of their sourcing programs, participating in multiple events throughout the year."

Monster Cable's Vice President of Corporate Strategy and Asia-Pacific Business Development, Leo Lin, said: "Finding qualified suppliers and arranging face-to-face meetings take up a big part of our time.

"Private Sourcing Events do most of the legwork for us by delivering a range of pre-screened suppliers. This can significantly shorten the sourcing process -- by months in some cases."

Buyers scheduled to participate in the Personal Audio, Video & Game Devices Private Sourcing Event are:

-- Casino -- France's largest convenience store operator

-- Carrefour -- the world's second-largest retailer

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

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

-- Kesa Electricals -- Europe's third-largest electronics retailing group

-- Markant -- one of Europe's largest trading cooperatives

-- Monster Cable -- the world's largest high-end A/V cable maker

-- RadioShack -- the third-largest US electronics chain

-- Staples -- the world's largest office products retailer

-- Target (Australia) -- one of Australia's largest retailers

-- Test Rite -- Taiwan's largest trading conglomerate

-- Woolworths (Australia) -- Australia's largest retailer

Boots, Carrefour and Woolworths Australia Among Buyers at June 29 Shenzhen Event

Seven international buyers, including Boots, Carrefour and Woolworths Australia, met 29 Greater China Beauty & Personal Care Product exporters at the June 29 Private Sourcing Event in Shenzhen.

"We made some high-level contacts today. Buyers we met were key

decision-makers at their companies. These meetings greatly accelerate the negotiation process," said one supplier, Enping Youbang Enterprise's Sales Representative, Zheng Feiyan.

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

Some of the world's top buyers including Halfords, Kmart and NEC are scheduled to attend upcoming Private Sourcing Events.

The next three scheduled Private Sourcing Events are:

-- Gift Packaging & Services: Shenzhen -- July 12

-- In-Car Electronics, Entertainment & Navigation: Hong Kong -- July 17

-- PC Peripherals: Shenzhen -- July 19

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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