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NewswireToday - /newswire/ -
Hong Kong, China, 10/24/2005 - Global Sources Ltd. will open its new China headquarters in the Shenzhen International Chamber of Commerce Tower in Futian, Shenzhen, China on Nov. 5, 2005. Global Sources’ Board of Directors as well as local dignitaries and government.
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Global Sources Ltd. (NASDAQ: GSOL) will open its new China headquarters in the Shenzhen International Chamber of Commerce Tower in Futian, Shenzhen, China on Nov. 5, 2005. Global Sources’ Board of Directors as well as local dignitaries and government officials will attend the opening ceremony.
With four floors and over 9,000 square meters of customized space, the new state-of-the-art office will be the backbone of Global Sources’ China operation – supporting more than 1,300 team members in 44 China locations.
Merle A. Hinrichs, chairman and chief executive officer of Global Sources said,
“The reasons for choosing Shenzhen as our new China headquarters are compelling. The city is in the heart of China’s busiest trade center, making it the ideal location for export-focused enterprises.”
For the past 12 years Shenzhen has had the highest volume of foreign trade of any city in China. According to local customs statistics in 2004, Shenzhen’s foreign trade topped US$147.31 billion – up 25 percent on a year-on-year basis.
Hinrichs added, “Our new offices underscore our continued commitment to bringing China products to global markets. We will bring even more of the best and brightest here to help us promote China’s suppliers to the world.”
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 430,000 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 – online marketplaces, magazines, trade shows and direct online sales – are supported by its advertising creative, education programs and online content management applications.
Global Sources delivers information on 1.4 million products and 130,000 suppliers annually through 10 leading online marketplaces and monthly magazines, more than 80 sourcing research reports, and 15 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 4.5 million inquiries annually to suppliers through Global Sources Online alone.
In mainland China, Global Sources has a 24 year track record and 1,300 team members in 44 locations. Its services are backed by 34 years experience as a trade magazine publisher, 13 years as an organizer of trade shows, and nine years as an online marketplace operator.
Safe Harbor Statement
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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