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Press Release - Global Sources (GSOL-NASDAQ) |
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In October, we are launching the next generation of our flagship online marketplace at globalsources.com. The site will offer buyers two major advantages. First, it is a vertical search engine, which will deliver the largest selection of export suppliers and products anywhere on the web. Secondly, it will enable buyers to identify verified suppliers who have all been pre-qualified through face- to- face visits and capability assessments. - Merle A. Hinrichs (GSOL) (Interview published October 12, 2007) |
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Global Sources Announces $50 Million Share Buyback Program
The buyback program does not obligate the company to buyback any specific number of shares and may be suspended or terminated at any time at management’s discretion. The timing and amount of any buyback of shares will be determined by management, based on its evaluation of market conditions and other factors. As of January 31, 2008, the company had approximately 46.6 million shares outstanding.
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
is facilitating trade from Greater China to the world, using a wide
range of English-language media. The other business segment
facilitates trade from the world to Greater China, and trade within
The company provides sourcing information to volume buyers and integrated marketing services to suppliers. It helps a community of over 657,000 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 2 million products and more than 170,000 suppliers annually through 14 online marketplaces, 13 monthly magazines, over 100 sourcing research reports and 10 specialized trade shows which run 32 times a year across nine cities.
Suppliers receive more than 27 million sales leads annually from buyers through Global Sources Online (http://www.globalsources.com) alone.
Global Sources has been
facilitating global trade for 37 years. Global Sources' network
covers more than 69 cities worldwide. In mainland
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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