HONG KONG, Nov. 30 /PRNewswire-Asia-FirstCall/ -- Emerging market buyers from Poland, Russia, Brazil, India, Turkey and Chile participated in Private Buyer Meetings at Global Sources' (Nasdaq: GSOL) Fall 2009 China Sourcing Fairs. Nine companies participated in Hong Kong -- more than double the number at previous Fairs.
(Logo: http://www.prnasia.com/sa/200708071747.jpg )
Global Sources' Chairman and CEO, Merle A. Hinrichs, said: "Emerging markets are becoming increasingly important to our suppliers, with economic growth rates far outpacing developed markets. So we are working to attract more buyers from these markets, including Brazil, India and Russia, to our complete range of sourcing channels.
"These efforts have obviously been effective, as demonstrated by strong participation in Private Buyer Meetings at the Fall China Sourcing Fairs."
Top buyers from emerging markets that participated in Global Sources' Private Buyer Meetings in Hong Kong were:
* Alpha Logica -- One of Europe's largest sourcing companies
* Booble Goom -- One of Russsia's largest baby and children's retailers
* Intelbras -- One of Latin-America's top PABX systems and telephone
manufacturers
* Merlion -- Russia's largest distributor of computer equipment and
digital devices
* Onida -- One of the top electronics and white goods brands in India
* Orient Craft -- India's largest garment manufacturer
* Pacific Access -- One of the largest Turkish companies sourcing from
Asia
* Ripley -- One of the largest retailers in Chile
* Rolsen -- One of Russia's largest electronics distributors and OEM
manufacturers
One buyer, Business Development Manager of Rolsen, Kirill Korshunov, said: "Face-to-face meetings are important to ensure that the suppliers we work with can meet our high standards for quality. Private Buyer Meetings enable us to have more detailed discussions about each supplier's capabilities and products than we can have on the trade show floor. This is an excellent value added service that helps us get the most from our visits to the Fairs."
One supplier, Vice President of Hong Kong THTF, David Xiao, said: "Private Buyer Meetings are a great opportunity for us to meet face-to-face with top buyers and learn about their requirements. We are glad to see more buyers from emerging markets, including Russia and India, participating. We are very thankful to Global Sources for organizing these events, which have proven valuable for our company."
Demand from emerging market buyers was also evident in India earlier this month where the first Private Buyer Meetings were held at the China Sourcing Fairs in Mumbai. A total of sixteen meetings were held with top Indian buyers at the Fairs.
In addition, Global Sources Online has seen major growth in requests for information (RFIs) from developing market buyers, with Russian buyer RFIs up 160% and RFIs from Brazil up 104%. Also buyer attendance from emerging markets was up approximately 50% at the Fall China Sourcing Fairs in Hong Kong as compared to the Spring edition China Sourcing Fairs.
Specialized Global Sources websites, face-to-face events, trade magazines and research reports
Private Buyer Meetings are part of Global Sources' sourcing and product information services. These include Global Sources Online ( http://www.globalsources.com ), China Sourcing Fairs ( http://www.chinasourcingfair.com ), Private Sourcing Events ( http://www.PrivateSourcingEvents.com ) and Global Sources monthly magazines ( http://www.globalsources.com/SITE/MAGAZINES.HTM ). For more information about Global Sources' products and services that connect quality buyers with verified suppliers, visit http://www.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 uses English-language media to facilitate trade from Greater China to the world. The other business segment utilizes Chinese-language media to enable companies to sell to, and within Greater China.
The company provides sourcing information to volume buyers and integrated marketing services to suppliers. It helps a community of over 854,000 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 240 countries.
The company offers the most extensive range of media and export marketing services in the industries it serves. It delivers information on 4.5 million products and more than 247,000 suppliers annually through 14 online marketplaces, 13 monthly magazines, over 100 sourcing research reports and 12 specialized trade shows which run 30 times a year across 10 cities.
Suppliers receive more than 96 million sales leads annually from buyers through Global Sources Online ( http://www.globalsources.com ) alone.
Global Sources has been facilitating global trade for 39 years. Global Sources' network covers more than 60 cities worldwide. In mainland China, Global Sources has about 2,500 team members in more than 40 locations, and a community of over 1 million registered online users and magazine readers for its Chinese-language media.
Global Sources Press Contact in Asia
Camellia So
Tel: +852-2555-5021
Email: cso@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 Asia
Investor Relations Department
Tel: +852-2555-4777
Email: investor@globalsources.com
Global Sources Investor Contact in U.S.
Kirsten Chapman & Timothy Dien
Lippert/Heilshorn & Associates, Inc.
Tel: +1-415-433-3777
Email: tdien@lhai.com
