Global Sources Announces Fourth Quarter and Fiscal Year 2007 Results

2007 Annual Revenue of $182.1 Million and Fourth Quarter Revenue of $60.8 Million, Both Up 16% Compared to Respective Periods in 2006, Reported 2007 GAAP EPS of $0.51 and Non-GAAP EPS of $0.73,

Global Sources Ltd. (Nasdaq: GSOL) ( http://www.globalsources.com ) reported financial results for the fourth quarter and year ended Dec. 31, 2007.

Global Sources' chairman and CEO, Merle A. Hinrichs, said: "We had a very good year in 2007 financially, and in making investments to establish the foundation for continued success. In 2008 we plan to invest even more heavily in our online and trade show businesses.

"For our export-focused online business, last October we launched Global Sources Online 2.0, offering what we believe is the premier search experience in our industry. In January 2008, we introduced significant additional enhancements with the Six Star ranking system that provides buyers with third party credit check information on all verified suppliers. In January we also rolled out an end-to-end repackaging and repricing of our marketing programs for suppliers.

"We also continue to build on the outstanding success of our China Sourcing Fairs. They address the essential, face-to-face stage of the buying process. Ten new shows are scheduled to be added in 2008 in mainland China, Dubai, Hong Kong and India. To support the investment in our products, we anticipate a substantial increase in our sales representation.

"As we begin 2008, we are extremely pleased with our position in the market, with our products, and with our growth prospects. Our supplier customers typically have three primary objectives: lead generation, branding and differentiation, and opportunities to meet face-to-face with buyers. With our integrated offering of online marketplaces, trade shows and magazines, we address all three objectives, a clear and powerful differentiation from our online competitors who only address the lead generation objective."