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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 appoints Deputy CFO and announces June 2009 retirement for
 long-time CFO Eddie Heng
 - David Gillan, corporate finance expert, to assume CFO role -
 
 HONG KONG, Nov. 6, 2008 -- Global Sources (NASDAQ: GSOL) has hired David
 Gillan as Deputy CFO, with a view to Gillan assuming CFO responsibilities
 upon current CFO Eddie Heng's retirement, which is scheduled to be on June
 30, 2009. Heng intends to continue to provide counsel as a consultant.
 
 Global Sources' Chairman and CEO, Merle A. Hinrichs, said: "We are delighted
 to welcome David to our team. His deep understanding of corporate finance
 and China tax law is an invaluable asset to the company as we strengthen our
 leadership role in Asia's B2B trade. We thank Eddie for his 15 years of
 service and his contribution in helping the company maintain a strong
 balance sheet while we expanded our products and services across Asia. We
 wish him the best during his retirement."
 
 From 2003 through 2008, Gillan, 44, was based in Shanghai as China Managing
 Director and CEO for the Dennis Family Corporation Pty. Ltd., a private
 Australian real estate investment and development fund. From 2000 to 2003,
 Gillan was Finance Director, Tax & Treasury and Director of Project
 Development for the Intercontinental Hotels Group (LSE: IHG, NYSE: IHG)
 -- Asia Pacific. Gillan has also held senior financial positions in various
 joint ventures in China from 1994 - 2000, including Finance Director China
 for Bass (LSE: BAS) Ginsber Beer Company Ltd., a Sino-British JV, and
 Finance Controller and General Manager for Zumtobel Coffee and Foods Co, a
 private Sino-Austrian JV.
 
 Gillan holds an MBA in International Management, Marketing and Finance from
 the University of Saskatchewan, Canada and a BBA in Finance from the
 University of Prince Edward Island, Canada.
 
 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 753,000 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 4.3 million
 products and more than 196,000 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 43 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 2,800 team members in more than 44 locations, and a
 community of over 1 million registered online users and magazine readers for
 Chinese-language media.
 
 Global Sources Press Contact in Asia:
 Camellia So
 Tel: (852) 2555-5021
 e-mail: cso@globalsources.com
 
 Global Sources Press Contact in U.S.:
 James W.W. Strachan
 Tel: (1 480) 664-8309
 e-mail: strachan@globalsources.com
 
 Global Sources Investor Contact in Asia:
 Investor Relations Department
 Tel: (852) 2555-4777
 e-mail: investor@globalsources.com
 
 Global Sources Investor Contact in U.S.:
 Kirsten Chapman
 Lippert/Heilshorn & Associates, Inc.
 Tel: (1 415) 433-3777
 e-mail: investor@globalsources.com
 
 
 
 Global Sources
 22/F,Block A, Vita Tower,
 29 Wong Chuk Hang Road,
 Aberdeen,
 Hong Kong




    

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