Global Sources, Qingdao government join hands to boost China's exports to Russia

Global Sources brings Russia's top buyers, including M. Video, Rolsen, BTK and
Auto Audio Center to meet Qingdao suppliers including Haier, HiSense and Aucma

HONG KONG, July 14 /PRNewswire-Asia-FirstCall/ -- In cooperation with the
Qingdao government, Global Sources (Nasdaq: GSOL) (
http://www.globalsources.com ) organized Private Buyer Meetings between China
suppliers and Russian buyers in Moscow on June 25.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030303/LNM011LOGO-b )
Global Sources Chairman and CEO, Merle A. Hinrichs, said: "We are honored
that the Qingdao government selected us to help organize this event. As
emerging markets become increasingly important, we aim to help China suppliers
gain a foothold in these markets and position themselves for strong growth
ahead.
"We are taking a leadership role to ensure China's export miracle
continues as markets like Brazil, Russia and India offer the next big
opportunities in global trade."
Head of Foreign Trade Planning Office, Bureau of Foreign Trade & Economic
Cooperation, Qingdao Municipal People's Government, Xu Zhenghua, said: "I
would like to thank Global Sources for the one-to-one meetings arranged for
Qingdao suppliers. These meetings brought Qingdao suppliers new clients and
new orders, which helps a lot in developing presence in emerging markets.
These types of events are invaluable as local suppliers strive to develop a
presence in emerging markets and reduce the impact brought about by global
recession." Eight of Russia's top buyers participated in the event,
including:

* M.Video -- Russia's second-largest consumer electronics and home
appliances retail chain
* Rolsen -- One of Russia's largest electronics distributors
* BTK -- One of the largest distributors of consumer and computer
electronics, and professional audio-video equipment in Russia and
Ukraine
* Auto Audio Center -- One of Russia's largest distributors of audio
electronics

Buyers met with many of Qingdao's largest suppliers, including some of
China's famous brands -- Haier, HiSense and Aucma.
One buyer, OEM Manager of M.Video, Anna Bondarenko, said: "I would like to
extend our gratitude to the Chinese government and to Global Sources for
organizing this event. We found many potential Chinese partners and hope that
these meetings will lead to long-term and mutually beneficial cooperation."
Another buyer, Business Development Manager of Rolsen, Kirill Korshunov,
said: "Because meetings take place in a private conference room, we were able
to include more of our key people, which significantly increased the
effectiveness of talks with suppliers. It was easier to gain an understanding
of suppliers' capabilities and their strategies for the Russian market. These
kinds of one-to-one meetings can bring deeper cooperation and lead to long-
term partnerships."
One supplier, Russia Market Manager of Qingdao Haier Group, Sun Zhenhua,
said: "We see Russia as a key market for the future and expect to continue to
grow sales by partnering with quality buyers. This event was highly productive
and gave us the opportunity to meet many key Russian buyers in a single day."
Another supplier, CIS Market Manager for HiSense, Zhang Shuai, said: "We
see the Russian market as a huge opportunity to build our own brand. To do
this, we need strong partners in the region.
"Buyers we met are some of Russia's top retailers and distributors.
They're exactly the kind of companies who can help us achieve our goals. This
was a highly productive event for us."
Specialized Global Sources websites, face-to-face events and trade
magazines
Private Buyer Meetings are part of Global Sources' sourcing and product
information services. These include Global Sources Online (
http://www.globalsources.com ), the China Sourcing Fairs (
http://www.chinasourcingfair.com ), Private Sourcing Events (
http://www.PrivateSourcingEvents.com ) and Global Sources monthly magazines (
http://www.globalsources.com/SITE/MAGAZINES.HTM ).
For more information about Global Sources' products and services to
connect quality buyers and quality suppliers, visit
http://www.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 uses
English-language media to facilitate trade from Greater China to the world.
The other business segment utilizes Chinese-language media to enable companies
to sell to, and within Greater China.
The company provides sourcing information to volume buyers and integrated
marketing services to suppliers. It helps a community of over 803,000 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
240 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 12
specialized trade shows which run 29 times a year across 10 cities.
Suppliers receive more than 67 million sales leads annually from buyers
through Global Sources Online ( http://www.globalsources.com ) alone.
Global Sources has been facilitating global trade for 38 years. Global
Sources' network covers more than 69 cities worldwide. In mainland China,
Global Sources has over 2,500 team members in more than 40 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
Email: cso@globalsources.com

Global Sources Press Contact in U.S.
James W.W. Strachan
Tel: +1-480-664-8309
Email: strachan@globalsources.com

Global Sources Investor Contact in Asia
Investor Relations Department
Tel: +852-2555-4777
Email: investor@globalsources.com

Global Sources Investor Contact in U.S.
Kirsten Chapman & Timothy Dien
Lippert/Heilshorn & Associates, Inc.
Tel: +1-415-433-3777
Email: tdien@lhai.com

SOURCE Global Sources

Press contact in Asia: Camellia So, +852-2555-5021, cso@globalsources.com;
Press contact in U.S.: James W.W. Strachan of Global Sources, +1-480-664-8309,
strachan@globalsources.com; Investor contact in Asia: IR Department of Global
Sources, +852-2555-4777, investor@globalsources.com; Investor Contact in U.S.:
Kirsten Chapman & Timothy Dien of Lippert-Heilshorn & Associates, Inc.,
+1-415-433-3777, tdien@lhai.com, for Global Sources