Buyers Representing US$169 Billion in Combined Sales Participated in the Private Sourcing Event: Lighting & Electricals in Guangzhou
Products Sourced Ranged from Outdoor and Security Lighting to Ceiling and Track Lights
HONG KONG, April 1, 2008 /Xinhua-PRNewswire-FirstCall/ -- Global Sources (Nasdaq: GSOL) announced that seven buyers with combined annual sales of US$169 billion met 31 pre-screened Greater China suppliers at the Private Sourcing Event: Lighting & Electricals ( http://www.PrivateSourcingEvents.com ) in Guangzhou on March 27, 2008.
(Logo: http://www.prnasia.com/sa/200708071747.jpg )
Buyers that participated in the Private Sourcing Event to source products ranging from outdoor and security lighting to ceiling and track lights were:
-- Canadian Tire -- Canada's largest retailer
-- Lowe's -- the world's second largest home improvement retailer
-- Metro -- the world's fourth-largest retailer
-- Woolworths Australia -- the largest retailer in Australia
-- Test Rite -- sourcing on behalf of AutoZone, the largest US auto
parts retailer
-- ThreeSixty Sourcing -- one of the leading global sourcing
organizations
-- Brookstone -- one of the largest US specialty retailers
Global Sources' Chairman and CEO, Merle A. Hinrichs, said: "Private Sourcing Events are another way to help ensure quality for our buyers.
"Like suppliers we feature on Global Sources Online and in our magazines and research reports, suppliers who participate have already been verified by our team with at least three in-person visits. For Private Sourcing Events, we take this one step further by allowing the buyers to pre-select the specific suppliers they want to meet.
"This is a platform for serious negotiations, designed to create real business opportunities for both our buyers and suppliers."
One participating buyer, Woolworths Australia's Electronics & Electricals Sourcing Manager, Eric Lau, said: "Global Sources' Private Sourcing Events consistently deliver good results. It is convenient to meet one-on-one with pre-qualified suppliers based on our requirements. This is my fourth time participating and the events have become part of my sourcing activities."
One supplier, Marketing Manager of International Trade for Guangdong Opple Lighting, Zenith Zeng, said: "Buyers on the list are some of the top names in our industry. This is an excellent opportunity to expand to new markets and to learn about the requirements of top buyers."
World's Top Buyers Scheduled to Attend Upcoming Private Sourcing Events
Over 80 Private Sourcing Events are scheduled for 2008, with dozens of buyers including Best Buy, RadioShack, Staples and Toys 'R' Us already confirmed to participate. A complete 2008 Private Sourcing Events schedule is available at http://www.PrivateSourcingEvents.com .
Suppliers wishing to participate should contact csm@globalsources.com.
Specialized Global Sources Websites, Trade Magazines and Face-to-Face Events
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 magazines and Global Sources Direct ( http://www.GlobalSourcesDirect.com ).
For more information, 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 657,000 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 million products and more than 170,000 suppliers annually through 14 online marketplaces, 13 monthly magazines, over 100 sourcing research reports and 10 specialized trade shows which run 32 times a year across nine cities.
Suppliers receive more than 27 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
Email: cso@globalsources.com
Global Sources Investor Contact in Asia:
Investor Relations Department
Tel: +852-2555-4777
Email: investor@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 U.S.:
Christiane Pelz & Kirsten Chapman
Lippert/Heilshorn & Associates, Inc.
Tel: +1-415-433-3777
Email: investor@globalsources.com
