HONG KONG, Nov. 29 /Xinhua-PRNewswire-FirstCall/ -- Forbes has selected Global Sources (Nasdaq: GSOL) as one of Asia’s 200 ‘Best Under a Billion’ companies. The annual list draws from over 22,500 publicly listed companies with revenues of less than US$1 billion.
(Logo: http://www.prnasia.com/xprn/sa/200708071747.jpg )
Forbes Asia’s editors picked Global Sources ( http://www.globalsources.com ) based on its consistent profitability and growth over the past three years. The complete list is available in the Oct. 1, 2007 issue of Forbes Asia, as well as at http://www.forbes.com/BUB .
Global Sources’ Chairman and CEO, Merle A. Hinrichs, said: "We are
honored to once again be recognized by Forbes from among the thousands of companies considered.
"Since we began 36 years ago, we’ve had an unwavering focus on delivering quality services for our buyer and supplier communities, which has enabled us to continuously drive growth and build profitability. Global Sources Online 2.0, which we launched in October of this year, is the latest example of our efforts. It provides buyers with the leading search experience in our industry, delivering comprehensive search results, plus the capability to identify verified suppliers.
"We are extremely pleased with our position in the market, with our prospects for long-term growth and success, and with our clear differentiation. Our integrated offering of online marketplaces, magazines and trade shows is a powerful differentiator, as is our recognized leadership serving the higher end of both the buyer and supplier communities."
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 647,000 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 2 million products and more than 160,000 suppliers annually through 14 online marketplaces, 13 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 23 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 2,000 team members in 44 locations, and a community of over 1 million registered online users and magazine readers for Chinese-language media.
Safe Harbor Statement
This news release contains forward-looking statements within the meaning of Section 27-A of the Securities Act of 1933, as amended and Section 21-E of the Securities Exchange Act of 1934, as amended. The company’s actual results could differ materially from those set forth in the forward-looking statements as a result of the risks associated with the company’s business, changes in general economic conditions, and changes in the assumptions used in making such forward-looking statements.
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: +1-480-664-8309
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
