Buyers Representing US$204 Billion in Combined Sales Joined Private Sourcing Events: Gifts & Novelties and Personal Care & Health Products
HONG KONG, June 2 /Xinhua-PRNewswire-FirstCall/ -- Fourteen buyers with combined annual sales of US$204 billion met 45 Greater China suppliers pre-screened by Global Sources (Nasdaq: GSOL) at Private Sourcing Events (http://www.PrivateSourcingEvents.com) for gifts & novelties and personal care & health products. The events were held in Shenzhen on May 22 and May 28, respectively.
(Logo: http://www.prnasia.com/sa/200708071747.jpg )
Six buyers participated in the Gift & Novelties Private Sourcing Event, namely:
-- Brookstone -- one of the largest US specialty retailers
-- Carlsberg -- one of the world's largest brewery groups
-- Li & Fung -- sourcing on behalf of Toys "R" Us, one of the world's
leading retailers of toys and baby products
-- Office Depot -- one of the world's largest office product retailers
-- RadioShack -- the third-largest US electronics chain
-- Test Rite -- Taiwan's largest trading group
Eight buyers participated in the Private Sourcing Event covering personal care and health products:
-- Dairy Farm -- a leading pan-Asia retailer of foods and durable
consumer goods
-- Dollar General -- the largest retailer in the US by number of store
locations
-- Kaufland -- the largest hypermarket chain in Germany
-- Kesa Electricals -- Europe's third-largest electronics retailing group
-- Li & Fung -- the world's leading buying agency for consumer goods
-- Otto International -- a professional trading organization and part of
the Otto Group, one of the leading international trading and services
groups
-- Test Rite -- Taiwan's largest trading group
-- Woolworths UK -- one of the UK's largest retailers on home, family and
entertainment.
Global Sources' Chairman and CEO, Merle A. Hinrichs, said: "Across our specialized online, trade show and print channels, we save buyers' time by offering them highly focused sourcing opportunities with suppliers already verified and ranked based on the amount of information they've provided.
"Private Sourcing Events take this to the next level by focusing on specific products. Invited suppliers have been verified by Global Sources and pre-screened by each buyer. Not only does this reduce the time it takes to source products, it aims to reduce the high cost involved in identifying and qualifying suppliers."
One buyer, Senior Procurement Officer of Carlsberg Procurement, Dick Man, said: "This is incredibly convenient. To meet such a targeted group of qualified suppliers for a single product category, we'd have to send teams to sourcing hubs across China. We were able to accomplish in one day what usually takes several weeks."
One supplier, Director of International Department for Softto Company Ltd, Linda Li, said: "We had some very productive meetings. Instead of general buying teams, we met with specialized buyers from each company responsible for sourcing the kind of products we make."
World's Top Buyers Scheduled to Attend Upcoming Private Sourcing Events
Eighty Private Sourcing Events are scheduled for 2008, with dozens of buyers including Best Buy, Carrefour, Circuit City and Lowe's confirmed to participate. More information about Private Sourcing Events is available at http://www.PrivateSourcingEvents.com .
Suppliers wishing to participate should contact csm@globalsources.com.
Specialized Global Sources Websites, Face-to-Face Events and Trade Magazines
Private Sourcing Events are part of the company's portfolio of brands for sourcing and product information services, which include Global Sources Online (http://www.globalsources.com ), China Sourcing Fairs (http://www.chinasourcingfair.com ), Global Sources monthly magazines and Global Sources Direct (http://www.GlobalSourcesDirect.com ).
For more information about Global Sources' products and services to connect quality buyers and quality suppliers, visit http://corporate.globalsources.com .
About Global Sources
Global Sources is a leading business-to-business media company and a primary facilitator of 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 business segments facilitate trade from the world to Greater China, and trade within 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 700,000 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 2.6 million products and more than 195,000 suppliers annually through 14 online marketplaces, 13 monthly magazines, over 100 sourcing research reports and 9 specialized trade shows which run 27 times a year across eight cities.
Suppliers receive more than 32 million sales leads annually from buyers through Global Sources Online (http://www.globalsources.com ) alone.
Global Sources has been facilitating global trade for 37 years. Global Sources' network covers more than 69 cities worldwide. In mainland China, Global Sources has over 2,100 team members in more than 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
e-mail: cso@globalsources.com
Global Sources Press Contact in U.S.:
James W.W. Strachan
Tel: +1-480-664-8309
e-mail: strachan@globalsources.com
Global Sources Investor Contact in Asia:
Investor Relations Department
Tel: +852-2555-4777
e-mail: investor@globalsources.com
Global Sources Investor Contact in U.S.:
Christiane Pelz & Kirsten Chapman
Lippert/Heilshorn & Associates, Inc.
Tel: +1-415-433-3777
e-mail: investor@globalsources.com
