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To speed world economic recovery, Global Sources offers free website to exporters in search of quality international buyers

2008-10-31 12:06

HONG KONG, Oct. 31 /Xinhua-PRNewswire-FirstCall/ -- In the wake of the current global economic crisis, Global Sources (Nasdaq: GSOL) is inviting exporters anywhere in the world to list product information free of charge in the unverified supplier section of the company’s website, Global Sources Online ( ). Moreover, on behalf of paid clients, Global Sources plans to assist with applications for export development grants from local governments in China, including Hong Kong, thus significantly reducing the overall cost of advertising services.

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Global Sources Online is an online marketplace connecting suppliers with over 750,000 active buyers worldwide, including the world’s top 20 retailers. Global Sources has a network of sales representatives in 44 cities within mainland China.

Global Sources’ Chairman and CEO, Merle A. Hinrichs, said: "This is a very tough time for buyers and suppliers. Because of the current economic downturn, consumer purchasing behavior is changing rapidly. But over the past 40 years, Global Sources has seen this type of situation before, and we know it represents an opportunity for those suppliers who know how to find the right quality of buyer to do business with. And today, our buyers are more active than ever before, because they must quickly replace canceled orders with products that fit new consumer spending patterns."

As evidence, Hinrichs cited buyer requests for information sent through Global Sources Online, which more than doubled to reach 15 million requests for information in the third quarter of this year. "We also saw heavy attendance at our recent China Sourcing Fairs in Hong Kong this month," said Hinrichs. "Buyers came to the shows from the traditional markets like the U.S. and Europe, but also from new markets such as Brazil, Russia and India. In every case, our buyers were actively seeking new products and suppliers to fit the changing demand in their home countries."

Suppliers who join the free program must upload product information and details online through the company’s data input platform. They can then be listed in the extensive searchable directory contained in the unverified supplier listings at Global Sources Online. "We are confident that, as soon as participating suppliers experience the quality of our community, they will trade up to higher packages and stay with Global Sources for many years to come," said Hinrichs.

Suppliers wishing to take part in Global Sources’ free program should visit to register.

"China suppliers face special challenges this year, because of rising labor and materials costs, as well as the revalued RMB. We have many years’ experience assisting China clients in various locations with applications for government financial support for Global Sources’ promotional services online, in magazines and at trade shows. Just this week, the Hong Kong government increased the amount of its support available for export marketing campaigns to HK$150,000. We feel it is the right time to extend such help to clients in every area of China which offers this type of export promotion funding," said Hinrichs.

"With the high quality of our buyer community, we know we can provide much-needed expertise to suppliers as they look for the right solution to today’s special market challenge," he concluded.

Specialized Global Sources Websites, Face-to-Face Events and Trade Magazines

Global Sources Online is part of the company’s portfolio of brands for sourcing and product information services, which include the China Sourcing Fairs ( ), Global Sources monthly magazines and Global Sources Direct ( ).

For more information about Global Sources’ products and services to connect quality buyers and quality suppliers, visit .

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 753,000 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 43 million sales leads annually from buyers through Global Sources Online ( ) 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


Global Sources Press Contact in U.S.:

James W.W. Strachan

Tel: +1-480-664-8309


Global Sources Investor Contact in Asia:

Investor Relations Department

Tel: +852-2555-4777


Global Sources Investor Contact in U.S.:

Kirsten Chapman

Lippert/Heilshorn & Associates, Inc.

Tel: +1-415-433-3777


Source: Global Sources

Related stocks: NASDAQ:GSOL

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