HONG KONG, Aug. 31 /Xinhua-PRNewswire-FirstCall/ -- Eleven buyers with combined annual sales of more than US$169 billion are scheduled to meet Greater China digital media player suppliers at Global Sources’ (Nasdaq: GSOL) Private Sourcing Event ( http://www.privatesourcingevents.com ) in Shenzhen on Sept. 4.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030303/LNM011LOGO-b )
Global Sources’ Chairman and CEO, Merle A. Hinrichs, said: "These days, more than ever, buyers are looking for suppliers they can depend on.
"Only Global Sources suppliers are allowed to participate in Private Sourcing Events -- so each has already been verified with in-factory visits and strict quality control processes to confirm their company information.
"Adding another level of confidence, we then pre-screen suppliers based on the individual requirements of each participating buyer."
Buyers scheduled to participate in the Digital Media Player Private Sourcing Event are:
-- A.S. Watson -- Hong Kong’s largest retail and manufacturing group --
$12.7 billion in annual sales
-- Brookstone -- one of the largest US specialty retailers -- $512
million in annual sales
-- Canadian Tire -- Canada’s largest hard goods retailer -- $8 billion
in annual sales
-- Casino -- France’s largest convenience store operator -- $33 billion
in annual sales
-- Circuit City -- the second largest electronics retailer in the U.S. --
$11.5 billion in annual sales
-- Foxconn -- one of the world’s largest manufacturers of electronics
and computer components -- $28.3 billion in annual sales
-- IPA -- one of Spain and Portugal’s largest purchasing consortiums --
$1.5 billion in annual sales
-- Kmart (Australia) -- one of Australia’s largest discount chains --
$3.3 billion in annual sales
-- Markant -- one of Europe’s largest trading cooperatives --
$52.8 billion in annual sales
-- OIA -- a member of Germany’s Otto Group and a buying company for
over 30 mail order and retail companies
-- Staples -- the world’s largest office supply retailer -- $18.2
billion in annual sales
One participating buyer, Markant Trading’s Director of International Purchasing, Uwe Bremeyer, said: "Private Sourcing Events provide the best platform and most reliable vendors to support our business. We appreciate and are confident in Global Sources Private Sourcing Events."
One supplier, Shenzhen JWL Electronic’s General Manager, James Wang, said: "We’re looking forward to the chance of introducing our products to buyers at this level. But just to qualify to participate in the event is an achievement in itself."
World’s Top Buyers Scheduled to Attend Upcoming Private Sourcing Events
Some of the world’s top buyers, including Casino, Lowes, Metro, RadioShack and Staples are scheduled to attend upcoming Private Sourcing Events. The next three events are:
* Home Decor and Furnishings: Hangzhou -- September 6
* Batteries and Chargers: Hong Kong -- September 11
* Fashion Accessories: Shanghai -- September 13
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
