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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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To: Global Sources
Investor List
Date: June 10, 2008 Subject: Global Sources Investor Update – May News
Your May news summaries about Global Sources (NASDAQ-GS: GSOL) are enclosed, including top investor news, trade shows & events, industry news and more…
For full details, please click on the links. To read all reports, click http://www.corporate.globalsources.com/INFO/INFO_IDX.HTM.
Late-breaking News
June 5-EE Times-India's New Embedded Design India and Power Design India Websites to Meet Engineers' Demand for Specialized Electronics Design Solutions
Top Investor & Corporate News
Industry News
Top Investor & Corporate News
Global Sources Reports First
Quarter Results
Revenue of $40.6 Million, Up 16% Compared to First Quarter 2007 Driven by Online Revenue Growth of 27%; First Quarter GAAP EPS of $0.17 and Non-GAAP EPS of $0.14; Increases Guidance for Second Quarter 2008 and First Half 2008 Revenue and EPS
NEW YORK, May 22, 2008 – Global Sources Ltd. (NASDAQ: GSOL) (http://www.globalsources.com) reported financial results for the first quarter ended March 31, 2008.
Global Sources Details Plan to Distribute up to RMB 1,000,000 to Aid Sichuan Earthquake Victims
HONG KONG, May 19, 2008 – Global Sources (NASDAQ: GSOL) has outlined its plan to donate up to RMB 1,000,000 to aid victims of the Sichuan earthquake. So far, the company has allocated RMB 500,000 for charity and plans to raise another RMB 500,000 by matching donations from team members. The company plans to distribute the funds to various charities in the following amounts:
Global Sources to
Donate up to RMB 1 Million for China Earthquake Relief
HONG KONG, May 14, 2008 – Global Sources (NASDAQ: GSOL) and its team members will donate up to RMB 1 million to aid those affected by the massive earthquake in southwestern China on May 12. Team members have also offered to volunteer for relief efforts in the region and the company is exploring ways to help communities rebuild hospitals and schools.
Tradeshows & Events
2008 China Sourcing Fairs in Dubai Expand 60 Percent; Event Is The Largest China-products Exhibition in The Middle East Global Sources expands 2008 Dubai Show by over 60 percent to include Greater China manufacturers of gifts and home products, electronics and fashion accessories
DUBAI, United Arab Emirates, May 29, 2008 – Global Sources (Nasdaq: GSOL) announced today that its three upcoming China Sourcing Fairs in Dubai will be over 60% larger this year.The China Sourcing Fairs: Gifts & Home Products, Electronics, and Fashion Accessories, will feature manufacturers from Greater China. The co-located events will be held June 9-11, 2008, at the Dubai International Convention & Exhibition Centre.
China Sourcing Fair Exhibitors Donate Product Samples to Charity
HONG KONG, May 23, 2008 – More than 80 exhibitors participated in Global Sources' (NASDAQ: GSOL) Care & Share charity program held during the April China Sourcing Fairs (http://www.chinasourcingfair.com) in Hong Kong. Five truckloads of donated items were given to non-profit organization Crossroads International to distribute to people affected by natural disasters, conflict and in economically depressed communities.
Samsung Sends Seven Sourcing
Teams to Meet Sixty Global Sources Verified Suppliers at Largest
Custom Private Sourcing Event
HONG KONG, May 20, 2008 –Samsung Electronics, the global leader in digital technology, sent seven sourcing teams to meet 60 pre-screened Global Sources (NASDAQ: GSOL) suppliers at a Custom Private Sourcing Event (http://www.PrivateSourcingEvents.com) on May 13-14 in Shenzhen.
Buyers With Sales of Over US$600
Billion Scheduled to Meet Greater China Suppliers at Private
Sourcing Events in May
HONG KONG, May 13, 2008 – Major international buyers – representing annual sales of US$603 billion – have pre-selected Global Sources'(NASDAQ: GSOL) verified suppliers for exclusive meetings at Private Sourcing Events (http://www.PrivateSourcingEvents.com) from May 13 to 30 in three key sourcing centers across mainland China.
Industry News
Most Exciting Electronic
Products Made in Asia Sought for 2nd Annual Global Sources
Electronics Design Awards
HONG KONG, May 26, 2008 – Global Sources (NASDAQ: GSOL) has opened nominations for its second annual Electronics Design Awards, which aim to identify the most exciting new electronics made in Asia ( http://www.globalsources.com/elecawards ).
http://www.corporate.globalsources.com/INFO/PRESS/2008/MAY26.HTM
Exports of Mainland China and Hong Kong-Made Mini Component Systems Expected to Grow Despite Price Increases – China Sourcing Report
HONG KONG, May 8, 2008 – Eighty-six percent of mainland China and Hong Kong mini component systems manufacturers expect higher export sales in 2008. This is despite rising prices due to a variety of factors including higher labor and raw material costs, according to Global Sources’ (NASDAQ: GSOL) China Sourcing Report: Mini Component Systems (http://www.ChinaSourcingReports.com/minicomponentsystemsreport).
Greater China's LED Lighting
Manufacturers Predict Export Boom Due to Broader Range of General
Lighting Applications - China Sourcing Report
HONG KONG, May 5, 2008 – Eighty-one percent of Greater China LED light fixture suppliers predict strong export growth of 10 percent or more in the next 12 months, due primarily to a wider range of LED-based general lighting applications. This is according to Global Sources'(NASDAQ: GSOL) China Sourcing Report: LED Light Fixtures (http://www.ChinaSourcingReports.com/ledlightfixtures) .
http://www.corporate.globalsources.com/INFO/PRESS/2008/MAY05.HTM
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 700,000 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 2.6 million products and more than 195,000 suppliers annually through 14 online marketplaces, 13 monthly magazines, over 100 sourcing research reports and 9 specialized trade shows which run 27 times a year across eight cities.
Suppliers receive more than 32 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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