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Path:  Corporate Home >> Press Releases >> Trade Shows and Events >> June 21, 2010
Global Sources renews contracts with AsiaWorld-Expo to host China Sourcing Fairs in Hong Kong through 2014
56 shows now scheduled for 2010, up from 30 in 2009
HONG KONG, June 21, 2010 - Global Sources (NASDAQ: GSOL) has renewed its contracts with AsiaWorld-Expo Management to host China Sourcing Fairs (http://www.chinasourcingfair.com) at Hong Kong's AsiaWorld-Expo (AWE) for 2013 and 2014. The renewal contracts represent a total gross value of approximately US$16.7 million.

Global Sources' chairman and CEO, Merle A. Hinrich, said: "This renewal extends a very successful relationship that is fundamental to our rapidly growing trade show business. When we began at the AsiaWorld-Expo in 2006 we had three China Sourcing Fairs that were held twice yearly. This year, we have scheduled 56 trade shows in various cities, with the AsiaWorld-Expo being by far our largest and most important venue.

"We are very pleased with the AsiaWorld-Expo. Buyers appreciate its unmatched convenience and superb facilities, as do our exhibitors, who come primarily from mainland China, Hong Kong, Taiwan, Korea, India and across Southeast Asia. During the last year, attendance at our AWE shows exceeded 133,700 visitors and featured more than 12,600 booths. With the continued support of the Hong Kong government, we look forward to launching many more shows at this excellent venue."

The China Sourcing Fair is a key component of Global Sources' multi-channel offering of online marketplaces, trade shows, and digital and print magazines. Since import buyers do not place large volume orders through online marketplaces, suppliers want the face-to-face opportunities at our shows -- where they can negotiate with buyers and win orders. Also, with various media integration initiatives underway, the expanded show schedule will provide tremendous additional exposure and sales leads for all of our advertisers.

For more information about China Sourcing Fairs, visit www.chinasourcingfair.com.

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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