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Samsung accelerates innovation, cuts time-to-market with Global Sources’ Custom Private Sourcing Event

2008-09-18 14:59 783

Four buying teams met 49 pre-screened Greater China Suppliers at

Global Sources’ Custom Private Sourcing Event for Samsung covering components for computers, visual displays, digital still cameras, printers, camcorders and wireless

HONG KONG, Sept. 18 /Xinhua-PRNewswire-FirstCall/ -- Samsung Electronics, a global leader in digital technology, sent four sourcing teams to meet 49 pre-screened Global Sources (Nasdaq: GSOL) suppliers at a Custom Private Sourcing Event ( http://www.PrivateSourcingEvents.com ) held on Sept. 10-11 in Shenzhen.

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

Global Sources’ Chairman and CEO, Merle A. Hinrichs, said: "Samsung is known around the world for developing innovative digital products. One key competitive advantage of innovation is getting your products from the design room to the marketplace as quickly as possible.

"Custom Private Sourcing Events are ideally suited to help brands like Samsung accelerate innovation by connecting them with reliable suppliers who can help them turn their ideas into products on schedule.

"This is one more reason why top brands are using Global Sources’ Private Sourcing Events to find suppliers across Greater China and Asia."

The Event covered components for computers, visual displays, digital still cameras, printers, camcorders and wireless. This was the second Custom Private Sourcing Event Global Sources has arranged for Samsung in 2008.

Samsung Electronics’ Vice President, Jang Yoo Chun, said: "We create all our designs in-house and manufacture the final products, but we need to find component suppliers who can help us get great products.

"Because Private Sourcing Events connect us with quality suppliers who have already been pre-screened based on our requirements, we can find the suppliers we need faster and get our products to market faster."

World’s top buyers scheduled to attend upcoming Private Sourcing Events

Eighty Private Sourcing Events are scheduled for 2008, with dozens of buyers including NEC, Casino, Chubb, Office Depot and Sears confirmed to participate. All Private Sourcing Events are complimentary for buyers and only Global Sources suppliers are eligible to participate. A list of upcoming 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 725,000 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 4.3 million products and more than 196,000 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 36 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 2,800 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

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

Lippert/Heilshorn & Associates, Inc.

Tel: +1-415-433-3777

Email: investor@globalsources.com

Source: Global Sources
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