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Buyers with US$220 Billion in Annual Sales to Meet Greater China Suppliers at Global Sources Private Sourcing Event in Hangzhou

2007-07-24 15:54 1128

Carrefour, QVC and Sears Among Buyers to Discuss Purchasing Requirements

with Exporters of Camping and Leisure Products

HANGZHOU, China, July 24 /Xinhua-PRNewswire-FirstCall/ -- Eight buyers with annual sales of US$220 billion are scheduled to meet Greater China exporters of camping and leisure products at Global Sources' (Nasdaq: GSOL) Private Sourcing Event ( http://www.privatesourcingevents.com ) in Hangzhou on July 26.

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

Global Sources' Chairman and CEO, Merle A. Hinrichs, said: "For suppliers in export trade, an online presence is a requirement -- much as a catalog once was. However, as more suppliers crowd online, an Internet-only marketing strategy is becoming less effective at helping suppliers differentiate themselves from their competitors and attract orders.

"To sell to the larger, quality buyers, suppliers need to use a combination of online media to create general awareness; print advertising for branding and differentiation, and face-to-face channels like our Private Sourcing Events to close the loop on the buying process."

Buyers scheduled to participate in the Camping & Leisure Private Sourcing Event are:

-- A.S. Watson -- Hong Kong's largest retail and manufacturing group --

$12.7 billion annual sales

-- Carrefour -- the world's second-largest retailer -- $105 billion in

annual sales

-- Casino -- France's largest convenience store operator -- $3 billion

in annual sales

-- El Corte Ingles -- Spain's largest retailer -- $20.5 billion in

annual sales

-- Kmart (Australia) -- one of Australia's largest discount chains --

$3.3 billion in annual sales

-- QVC -- the world's largest television shopping network --

$6.5 billion in annual sales

-- Sears -- the fourth-largest US retailer -- $53 billion in

annual sales

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

$18.2 billion in annual sales

-- The Warehouse - New Zealand's largest general retailer --

$1.3 billion in annual sales

One participating buyer, El Corte Ingles' Hardgoods Merchandise Manager, Ana He, said: "We need reliable suppliers who can deliver quality products to our stores. Private Sourcing Events connect us with experienced, quality-focused exporters who know what it takes to work with an international retailer like us."

One supplier, Zhejiang Ganghai Industrial's General Manager, Lisa Gu, said: "Buyers participating are quality buyers we can work with to take our service and brand to the next level. We're already a strong producer, but we always strive to move up the value chain. Selling to these world-class buyers is an excellent opportunity to accomplish this goal."

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. The next three events are:

-- Bluetooth Products & Accessories: Shenzhen -- July 31

-- Summer Garments: Wuxi -- August 9

-- Sporting Goods: Shanghai -- August 23

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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