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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 to Drive Expansion in India with Online, Trade Show, Print Services and Private Sourcing Events Global Sources’ Indian Sales Representative Appoints New Chief Representative
Private Sourcing Events in Delhi Feb. 28-29, 2008; India Sourcing Fair: Home Products April 2009 in Hong Kong
Mumbai, India, Feb. 26, 2008– To drive Global Sources’ (NASDAQ: GSOL) (http://www.globalsources.com) major expansion into the booming India market, the company’s sales representative in India is strengthening its on-the-ground sales management team, and the company is introducing new online marketing solutions, a new trade show, print services and Private Sourcing Events.
Major elements of the India expansion plans are: appointing a new chief representative in India 2. Six-Star Marketing Packages for suppliers in India 3.India Sourcing Fair in Hong Kong 4. Private Sourcing Events in India 5. China Sourcing Fairs in Mumbai
Global Sources’ chairman and CEO, Merle A. Hinrichs, said: “India is an important market for us – our Indian sales representative has had sales offices there since 1989. However, we are greatly expanding our range of services to give India’s suppliers the ability to create tailored marketing campaigns targeting international buyers.
“Many Indian suppliers are already users of our services and we have an established brand in the market. We plan to leverage our India experience, assets and brand to ensure the success of these new offerings.”
New Chief Representative Brings More Than a Decade of Online & Offline Sales Expertise Adlink’s new chief representative for India, Amitabh Singh, was formerly national head of the Times Group’s B2B division. Singh has over a decade of experience with some of India’s leading online and offline business media companies.
He will spearhead the growth plans for the region, which include expanding the India sales representative team.
One to Six-Star Marketing Packages to Help India’s Suppliers Reach Global Buyers Global Sources will offer its One to Six-Star packages to Indian suppliers, giving each the ability to tailor specific marketing plans for their specific needs. Options include varying levels of exposure through Global Sources’ print, online and face-to-face channels.
The Company will also apply its proprietary One to Six-Star Rating System to suppliers in India, giving each one to six stars according to the depth of verified product and company information that they provide. India Sourcing Fair Gives Indian Suppliers a Showcase in Asia’s Trade Capital Global Sources plans to launch the India Sourcing Fair: Home Products in April 2009. The event is scheduled to be co-located with the China Sourcing Fair: Home Products at Hong Kong’s AsiaWorld-Expo.
Global Sources’ executive director, Sarah Benecke, said: “The India Sourcing Fair will be the first dedicated exhibition of Indian suppliers ever to be held in Asia’s Trade Capital – Hong Kong. This will give India’s suppliers a chance to market their products to the world’s top buyers during peak sourcing seasons.
“These combined events give buyers the convenience of seeing the latest home products from both Chinese and Indian suppliers at the same time, all under one roof.”
Private Sourcing Events Connect Buyers with Pre-screened Indian Suppliers Global Sources is expanding its Private Sourcing Events to India, to be held by Adlink, starting with events for Costume Jewelry and Kitchenware in New Delhi on Feb. 28 and 29.
Six buyers are scheduled to participate, including:
China Sourcing Fairs in Mumbai to Help Indian Buyers Find Qualified China Suppliers As previously announced, Global Sources’ inaugural China Sourcing Fairs: Electronics & Components and Hardware & Building Materials are scheduled to be held on Nov. 14-16, 2008 at the Bombay Exhibition Center in Mumbai.
Benecke said: “This represents a whole new era in convenience for buyers in India as we bring China’s best suppliers right here to Mumbai – the country’s sourcing center.
“China has already surpassed the USA as India’s largest trading
partner. As trade grows between both countries, the Fair
represents a huge opportunity for China suppliers, Indian buyers and
Global Sources.” Global Sources has licensed the China Sourcing Fair brand to Pico Event Management (http://www.picoworld.com), a subsidiary ofPico Far East Holdings Limited (SEHK: 0752),and has appointed the company to manage the events in India.
More information about Global Sources is available at http://corporate.globalsources.com.
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 segments facilitate trade from the world to Greater China, and trade within 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 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 China, Global Sources has over 2,100 team members in more than 44 locations, and a community of over 1 million registered online users and magazine readers for Chinese-language media.
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