HONG KONG, Sept. 21 /Xinhua-PRNewswire-FirstCall/ -- Six buyers with combined annual sales of US$122 billion met 16 Greater China battery and charger exporters at Global Sources’ (Nasdaq: GSOL) Private Sourcing Event ( http://www.privatesourcingevents.com ) in Hong Kong on Sept. 11.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030303/LNM011LOGO-b )
Global Sources’ Chairman and CEO, Merle A. Hinrichs, said: "Like our China Sourcing Fairs in Hong Kong, Private Sourcing Events are about connecting high quality buyers with high quality suppliers.
"They’re part of our end-to-end sourcing platform which helps buyers discover verified suppliers in print and online, then negotiate and close orders at our face-to-face events."
Buyers at the Battery and Charger Private Sourcing Event included:
-- Canadian Tire -- Canada’s largest hard goods retailer -- US$8
billion in annual sales
-- Casino -- France’s largest convenience store operator -- US$33
billion in annual sales
-- Markant -- One of Europe’s largest trading cooperatives –-
US$52.8 billion annual sales
-- RadioShack -- The third-largest US electronics chain -- US$4.8
billion in annual sales
-- Staples -- The world’s largest office products retailer –-
US$18.2 billion in annual sales
-- Woolworths (UK) -- One of the UK’s largest general retailers –-
US$5.5 billion in annual sales
One buyer, Canadian Tire Merchandise Manager, Laurence Wu, said: "These events save time and provide real convenience for buyers. We were able to discuss products with manufacturers on a one-to-one basis and we located some good potential sources. We definitely plan to participate in the future."
One supplier, Henan Henming Fengyun Battery’s Sales Director, Monica Jia, said: "Within China’s battery and charger industry, there are a lot of established players. So no matter how much we work to improve quality, it’s hard to break in with top buyers. This event has opened up some huge opportunities for us we would never have had otherwise."
World’s Top Buyers Scheduled to Attend Upcoming Private Sourcing Events
Some of the world’s top buyers, including Carrefour, NEC and Organtex, are scheduled to attend upcoming Private Sourcing Events. The next three events are:
-- Access Control Products, Systems & Intruder Alarms -- Sept. 24,
Shenzhen
-- Writing Instruments & Paper Products -- Sept. 27, Shanghai
-- Baby & Children’s Apparel & Footwear -- Nov. 2, Fuzhou
Global Sources has scheduled more than 50 Private Sourcing Events for 2007. A complete list of Private Sourcing Events to be held this year is available at http://www.privatesourcingevents.com .
Suppliers wishing to participate should contact csm@globalsources.com. Buyers may apply by contacting privatesourcingevents@globalsources.com.
Private Sourcing Events are part of the company’s sourcing and product information services which include Global Sources trade magazines, Global Sources Online ( http://www.globalsources.com ), Global Sources Direct ( http://www.globalsourcesdirect.com ) and the China Sourcing Fairs ( http://www.chinasourcingfair.com ). For more information, visit http://corporate.globalsources.com .
About Global Sources
Global Sources is a leading business-to-business (B2B) media company and a primary facilitator of two-way 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 key business segment facilitates trade from the world to Greater 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 635,000 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 1.8 million products and more than 150,000 suppliers annually through 13 online marketplaces, 12 monthly magazines, over 100 sourcing research reports and nine specialized trade shows which run 22 times a year across seven cities.
Suppliers receive more than 18 million sales leads annually from buyers through Global Sources Online ( http://www.globalsources.com ) alone.
Global Sources has been facilitating global trade for 36 years. In mainland China it has over 1,700 team members in 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:
Eddie Heng
Tel: +65-6547-2850
Email: eheng@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.:
Moriah Shilton & Christiane Pelz
Lippert/Heilshorn & Associates, Inc.
Tel: +1-415-433-3777
Email: cpelz@lhai.com
