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"Global Sources Opens New World-class China Headquarters in Country¡¯s Premier Export Hub to Further

Added: (Mon Nov 07 2005)

Pressbox (Press Release) - Global Sources Ltd. (NASDAQ: GSOL) marked its 35th anniversary with the opening of its new 9,000-square-meter China headquarters in the Shenzhen International Chamber of Commerce Tower in Shenzhen¡¯s new central business district on November 5, 2005.

The new office is strategically located in the heart of China¡¯s most dynamic export hub ¨C the Greater Pearl River Delta ¨C which accounts for 32 percent of China¡¯s exports. The area affords easy access to export manufacturers, product designers, finance, export logistics, shipping and trade show facilities in Shenzhen, across southern China and Hong Kong.

The state-of-the-art facility is the backbone of Global Sources mainland China operations, supporting more than 1,300 team members in 44 China locations. It includes a first-ever Buyer¡¯s Lounge for overseas buyers to use as their sourcing center, meet with suppliers, check e-mail and enjoy a cup of coffee while on buying trips.

Merle A. Hinrichs, Global Sources chairman and chief executive officer, hosted the opening ceremony. ¡°Today¡¯s opening marks our 35th anniversary of promoting export trade from Asia to buyers worldwide. Our new offices are a substantial investment and underscore our ongoing, 25-year commitment to China. We will continue to connect China suppliers with global buyers through what is by far the most robust offering available of sourcing information in print, online, trade shows and research media.¡±

Participants at the opening ceremony included Wang Hui, deputy director-general, Economic Affairs Department, the Liaison Office of the Central People¡¯s Government in the Hong Kong Special Administrative Region; Zhang Litong, governor of the People¡¯s Government of Futian District, Shenzhen; Global Sources Board of Directors; customers; team members and media.

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. It provides sourcing information to volume buyers and integrated marketing services to suppliers.

The company helps its community of more than 463,000 active buyers to source more profitably from complex, overseas supply markets. With the goal of providing as many effective ways as possible to advertise, market and sell, Global Sources enables suppliers to sell to hard-to-reach buyers in 230 countries.

The company offers the most extensive range of media and export marketing services in the industries it serves. Suppliers using its four primary channels ¨C online marketplaces, magazines, trade shows and direct online sales ¨C are supported by its advertising creative, education programs and online content management applications.

Global Sources delivers information on 1.4 million products and more than 130,000 suppliers annually through 10 leading online marketplaces and monthly magazines, more than 90 sourcing research reports, and 14 China Sourcing Fairs and other trade shows. Global Sources Direct is the company¡¯s new initiative that will help suppliers sell through eBay. Buyers send 5 million inquiries annually to suppliers through Global Sources Online (www.globalsources.com) alone.

In mainland China, Global Sources has a 24-year track record and more than 1,300 team members in 44 locations. Its services are backed by 35 years experience as a trade magazine publisher, 14 years as an organizer of trade shows, and 10 years as an online marketplace operator.

Submitted by:Elaine Lo
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