Global Sources purchases Shanghai office space to support growth plans

HONG KONG, Aug. 11, 2011 /PRNewswire-Asia/ -- Global Sources (NASDAQ: GSOL) has entered into an agreement to purchase office space in Shanghai to support the company's growth and expansion plans.  

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Global Sources' Chairman and CEO, Merle A. Hinrichs, said: "The purchase of office space in Shanghai addresses our long-term needs as we continue to expand in China. The office is located near the Shanghai Hongqiao International Airport and a regional transportation hub connecting to the Yangtze River Delta areas. In addition, the offices are adjacent to the Shanghai Metro stations, which are ideal for our team members."

The property is in the Changning district and totals approximately 6,668 square meters. The purchase price was RMB 326 million (approximately US$51 million) and the transaction is expected to close in late August 2011.

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 1 million active buyers – including the world's top 25 retailers – to 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 over 5.7 million products and more than 262,000 suppliers annually through 14 online marketplaces, 13 monthly print and 18 digital magazines, over 90 sourcing research reports and 73 specialized trade shows a year across nine cities.

Verified suppliers receive more than 127 million sales leads annually from buyers through Global Sources Online (http://www.globalsources.com) alone.

Global Sources has been facilitating global trade for 40 years. Global Sources' network covers about 60 cities worldwide. In mainland China, Global Sources has about 2,700 team members in more than 40 locations, and a community of over 2.8 million registered online users and magazine readers for its Chinese-language media.

Safe Harbor Statement

This news release contains forward-looking statements within the meaning of Section 27-A of the Securities Act of 1933, as amended and Section 21-E of the Securities Exchange Act of 1934, as amended. The company's actual results could differ materially from those set forth in the forward-looking statements as a result of the risks associated with the company's business, changes in general economic conditions, and changes in the assumptions used in making such forward-looking statements.

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