Events Licensed to Pico Event Management
HONG KONG, Sept. 27 /Xinhua-PRNewswire-FirstCall/ -- Global Sources (Nasdaq: GSOL) ( http://www.globalsources.com ) is set to expand its highly successful trade show business to India with the launch of two new China Sourcing Fairs: Electronics and Hardware & DIY, expected to be held in November 2008 at the Bombay Exhibition Center in Mumbai.
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Global Sources has licensed the China Sourcing Fair brand to Pico Event Management ( http://www.picoworld.com ), a subsidiary of Pico Far East Holdings Limited (SEHK: 0752), and has appointed the company to manage the events in India.
Global Sources’ Executive Director, Sarah Benecke, said: "India is an important market for Global Sources exhibitors, many of whom want to sell into this booming economy. Plus, these new Fairs are the perfect solution for buyers in India who are looking for quality suppliers to meet rapidly growing demand for China-made products."
With 1.1 billion people, India represents a large opportunity for Global Sources. According to The Economist, India’s GDP grew by 9.4 percent in 2006. Rising incomes, increasing consumerism in urban areas and an upswing in rural consumption are driving growth.
China is India’s largest import trading partner, and imports have grown by more than 50 percent annually for the last three years. Mumbai is India’s commercial capital, at the heart of India’s booming retail sector, and home to many buying offices for major retailers and importers.
"The China Sourcing Fair: Electronics is an extension of our very successful events in Hong Kong and Dubai," said Benecke. "The upcoming Hong Kong show opening on October 12th at AsiaWorld-Expo is sold out, with over 2,770 booths -- including over 1,900 from mainland China alone.
"The Hardware & DIY Fair is a new show, tailored for the Indian market, which is experiencing a construction and infrastructure boom, and growing interest in home improvement among the estimated 250 million middle class consumers. Global Sources has served this sector for decades and the new Fair is aligned with our industry-leading online marketplace and magazine."
Pico Chairman, Lawrence Chia, said: "We are delighted to work with Global Sources to expand the well-received China Sourcing Fairs into India. We have an excellent relationship with Global Sources, and we are already the appointed main contractor for the China Sourcing Fairs in Hong Kong, China and Dubai. With strong presence in India for many years, Pico will be able to leverage its experience and further develop the China Sourcing Fairs in India to the same level of professionalism and success consistent with this world-class brand."
Global Sources’ Strategic Direction for China Sourcing Fairs
Global Sources will hold 11 China Sourcing Fairs in Hong Kong, Dubai and Shanghai in 2007, expanding to 15 events in these locations plus India in 2008.
"The China Sourcing Fairs are a vitally important part of the buying process for Global Sources’ customers," said Benecke. "After buyers identify and research potential suppliers in our magazines and online marketplaces, buyers need to meet face to face with suppliers at our shows for supplier selection, negotiation and ordering."
China Sourcing Fairs Upcoming 2007 Schedule
Global Sources makes this announcement as it prepares for the upcoming China Sourcing Fairs:
Electronics & Components Oct. 12 - 15 AsiaWorld-Expo, Hong Kong
Fashion Accessories Oct. 12 - 15 AsiaWorld-Expo, Hong Kong
Dec. 12 - 14 Shanghai New Int’l Expo
Centre, Shanghai
Underwear & Swimwear Oct. 12 - 15 AsiaWorld-Expo, Hong Kong
Gifts & Home Products Oct. 20 - 23 AsiaWorld-Expo, Hong Kong
Baby & Children’s Products Dec. 12 - 14 Shanghai New Int’l Expo
Centre, Shanghai
For more information about the China Sourcing Fairs in Hong Kong, Shanghai, Dubai and India visit http://www.chinasourcingfair.com .
Specialized Global Sources Websites, Trade Magazines and Trade Shows
The China Sourcing Fairs are an important part of Global Sources’ sourcing and product information services, which include Global Sources Online ( http://www.globalsources.com ), Global Sources trade magazines, and Global Sources Direct ( http://www.globalsourcesdirect.com ).
Further information about Global Sources is available at http://www.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.
About Pico Far East Holdings Limited (SEHK: 0752)
PICO Far East Holdings Limited, a leading global event marketing company, specialises in exhibition and event marketing as well as other distinct businesses including museum and theme park, sign advertising, conference and show management, and hall management. The Group employs some 2,100 people with an international production and sales network covering 30 major cities worldwide. The Group is committed to serving clients with excellence in every stage of the event. Please visit the Group’s website: http://www.pico.com for more information.
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
