Global Sources reports second quarter 2010 results

Trade show organisers Global Sources have reported a 8% revenue in growth to $58.4 million, as compared to the same period the previous year.

Global Sources' chairman and CEO, Merle A. Hinrichs, said: "Revenue grew by 8% for the second quarter, and we expect higher growth in the second half, as compared to the same respective periods a year ago.  Our performance is being driven by the positive market reaction to our increasingly integrated offering of online, exhibitions and magazines, and by the continued rapid expansion of our trade show business, where we now have over 60 trade shows scheduled for 2011, up from 30 in 2009.  
 
"We believe our shows attract the top-tier of the import buying community, since virtually all of the attendees have clearly demonstrated that they are actively looking for products and suppliers. More than 100,000 buyers attended our China Sourcing Fairs in 2009, and we expect to substantially exceed that this year, to the benefit of all of our advertisers and exhibitors. In addition, our value proposition for exhibitors is increasingly 'digital', with buyers now able to search online for exhibitors, view their
products and make inquiries."

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