Li & Fung, Sears and Woolworths UK Among Eight Buyers at Global Sources' Private Sourcing Event
HONG KONG, June 29 /Xinhua-PRNewswire-FirstCall/ -- Thirty-two mainland China suppliers of kitchen and home appliances met eight buying organizations with annual sales of US$360 billion at Global Sources' (Nasdaq: GSOL) Private Sourcing Event
( http://www.privatesourcingevents.com ) in Shenzhen on June 22.
(Logo: http://www.prnasia.com/sa/200703271450.JPG )
Global Sources' Chairman and CEO, Merle A. Hinrichs, said: "We consistently deliver the kind of suppliers the world's top buyers want to work with. Buyers at this event are very pleased, and indicated a strong interest to work with many of the suppliers they met."
Buyers that participated in the Kitchen & Home Appliance Private Sourcing Event were:
-- Carrefour -- the world's second-largest retailer
-- Kesa Electricals -- Europe's third-largest electronics retailing group
-- Li & Fung -- the world's largest sourcing organization
-- Metro -- Germany's largest retailer
-- Sears -- the third-largest retailer in the US
-- Tesco -- the world's fifth-largest retailer
-- The Warehouse -- New Zealand's largest general retailer
-- Woolworths UK -- one of the UK's largest retailers
"We had excellent meetings today, which I'm confident will lead to significant orders. And we got some very useful feedback on our products. This has given us some new ideas for product development," said one supplier, Shine Development Marketing Assistant, Nancy Luo.
One buyer, the Warehouse's Shanghai Office Hardgoods Merchandise Manager, Jodie Reid, said: "Private Sourcing Events bring us together with experienced suppliers who have a deep understanding of our market. At these events, we consistently meet suppliers who are not only prepared to meet our strict requirements, but are also capable of doing so."
Leading Global Buyers Scheduled to Attend Upcoming Private Sourcing Events
Some of the world's top buyers, including Boots, QVC, Staples and RadioShack are scheduled to attend upcoming Private Sourcing Events.
The next three scheduled events are:
-- Personal Audio, Video & Game Devices: Shenzhen -- July 10
-- Gift Packaging & Services: Shenzhen -- July 12
-- In-Car Electronics, Entertainment & Navigation: Hong Kong -- July 17
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
