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Global Sources Launches New Service Enabling Suppliers to Pre-Qualify Buyers Based on Product Import Data

2007-10-31 17:32 921

HONG KONG, Oct. 31 /Xinhua-PRNewswire-FirstCall/ -- To help exporters reduce risk when dealing with overseas buyers, Global Sources (Nasdaq: GSOL) is offering its advertisers import activity reports on specific buyers.

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

Provided by PIERS(R) Global Intelligence Solutions, one of the world’s most-trusted providers of shipping data, the PIERS Trade Profiles(R) reports provide comprehensive buyer import records, including product types, estimated cargo values and ports of entry. Reports also include company background and contact data from Dun & Bradstreet, one of the world’s leading business information sources.

Global Sources’ advertisers may subscribe to access the reports through the company’s online B2B marketplace, Global Sources Online ( http://www.globalsources.com ).

Global Sources’ Chairman and CEO, Merle A. Hinrichs, said: “This new service is an extension of our robust offering of pre-screening and qualifying tools that help reduce the risks and uncertainties inherent in global trade.

“In today’s online world, suppliers get more inquiries than ever before, often from buyers they are not familiar with. So before investing a substantial amount of time and effort to fulfill buyers’ requests, our new service is designed to help suppliers pre-qualify buyers who’ve contacted them.

“This is designed to help suppliers find better buyers to work with. Likewise, the PIERS reports aim to help buyers demonstrate their credentials to new companies, allowing them to work with even better suppliers.”

PIERS’ Director of Asia / Pacific Region, Richard E. Hanft, said: “We’re proud to partner with Global Sources to provide their community members with our comprehensive, carefully audited import data.

“From China, or anywhere in the world, suppliers can instantly check the background of more than 300,000 qualified buyers through our online reports, which cover 48 ports of entry in the United States.

“Our Trade Profiles platform is an indispensable tool for suppliers who want to know more about the buyers they are considering selling to.”

Specialized Global Sources Websites, Trade Magazines and Trade Shows

PIERS Trade Profiles are an extension of Global Sources Online 2.0, which offers some of the industry’s most comprehensive screening tools and search results.

It is another part of Global Sources’ export marketing and product information services which include the China Sourcing Fairs ( http://www.chinasourcingfair.com ), Global Sources trade magazines and Global Sources Direct ( http://www.globalsourcesdirect.com ).

Further information about Global Sources is available at http://www.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 635,000 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 18 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.

About PIERS

PIERS is a world leader in providing current, accurate and comprehensive data on international trade. PIERS trade intelligence offers added value and adheres to a high standard of quality control. To learn more about what makes PIERS Trade Data unique, follow these links: http://www.piers.com/about/tradedatavalueadded/ and http://www.piers.com/about/tradedataqualitycontrol/ .

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

Source: Global Sources
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