Global Sources to hold 15 Private Sourcing Events for world retailers with US$665 billion in annual sales

Face-to-face meetings attract 33 international buyers and over 100 Greater China suppliers for May and June

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Jun 01, 2010, 02:00 ET

HONG KONG, June 1 /PRNewswire-Asia/ -- Global Sources (Nasdaq: GSOL)(http://www.globalsources.com ) has scheduled 15 Private Sourcing Events in May and June for 33 international buyers representing a combined US$665 billion in annual sales. Over 100 Greater China suppliers are participating with products including power supplies, machinery, personal and office electronics, sportswear, fashion accessories, gifts, furniture, toys, bikes and skates.

(Logo: http://www.newscom.com/cgi-bin/prnh/20030303/LNM011LOGO-b )

Global Sources' Chairman and CEO, Merle A. Hinrichs, said: "Private Sourcing Events give buyers and suppliers an ideal platform for concentrated, quality exchange. In April alone, mainland China's exports soared 31 percent year-on-year to nearly US$120 billion. With trade on a big upswing, these face-to-face meetings help both buyers and sellers increase efficiency.

"Global Sources will continue to help its suppliers grow and stay profitable through more high-quality sourcing events in the months ahead. Private Sourcing Events, together with our online, trade show and print channels, aim to provide a complete solution for buyers seeking reliable suppliers in the recovering market."

One participating buyer, Merchandising Manager of Creata, Michael Zhang, said: "The Private Sourcing Events are very effective because they put us in individualized meetings with several different China suppliers. As the suppliers are pre-screened, quality risk is minimized. I find this kind of concentrated sourcing highly efficient in terms of time and cost. This gives us an advantage over competitors in the market."

Other buyers participating in the May and June events include Canadian Tire, Carrefour, Casino, El Corte Ingles, Office Depot, Otto International, RadioShack, Sears and Target Australia.

Suppliers also find the Private Sourcing Events beneficial. Director of the International Business Department of Shenzhen SDMC Microelectronics Co., Andy Pan, said: "Private Sourcing Events allow us to engage closely with buyers from around the world who want precisely the type of products that we make. It is a direct connection for immediate results."

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

Over 100 Private Sourcing Events are planned for 2010, with dozens of buyers, including Li & Fung, Staples and Tesco, scheduled to participate. All Private Sourcing Events are complimentary for buyers and only Global Sources suppliers are eligible to participate. More information about Private Sourcing Events is available at http://www.PrivateSourcingEvents.com .

Suppliers wishing to participate should contact [email protected].

Specialized Global Sources websites, face-to-face events and trade magazines

Private Sourcing Events are part of Global Sources' portfolio of sourcing and product information service brands. These include Global Sources Online (http://www.globalsources.com ), China Sourcing Fairs (http://www.chinasourcingfair.com ) and Global Sources monthly magazines (http://www.globalsources.com/SITE/MAGAZINES.HTM ).

For more information about Global Sources' products and services to connect quality buyers and quality 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 888,000 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 256,000 suppliers annually through 14 online marketplaces, 13 monthly print and 15 digital magazines, over 80 sourcing research reports and 21 specialized trade shows which run 55 times a year across 9 cities.

Suppliers receive more than 136 million sales leads annually from buyers through Global Sources Online (http://www.globalsources.com ) alone.

Global Sources has been facilitating global trade for nearly 40 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: [email protected]

    Global Sources Press Contact in U.S.
     James W.W. Strachan
     Tel:   +1-480-664-8309
     Email: [email protected]

    Global Sources Investor Contact in Asia
     Suzanne Wang
     Tel:   +852-2555-4747
     Email: [email protected]

    Global Sources Investor Contact in U.S.
     Kirsten Chapman & Timothy Dien
     Lippert/Heilshorn & Associates, Inc.
     Tel:   +1-415-433-3777
     Email: [email protected]

SOURCE Global Sources