Global Sources Direct is intended to create more sourcing opportunities for eBay's PowerSellers in China and around the world, and more selling opportunities for Global Sources' supplier customers. The service is expected to be available later this year.

  Under this strategic alliance:

  -- Global Sources will provide its clients with the opportunity to market
     their merchandise directly to individuals and businesses in China
     through eBay EachNet, eBay's website in China.  eBay EachNet's
     PowerSellers will therefore be able to easily find more sources for
     high-quality products at lower prices.

  -- The service will also subsequently be provided worldwide via eBay's
     Reseller Marketplace, an off-eBay B2B website designed to help eBay
     PowerSellers source products for resale on the eBay marketplace.

  -- With its warehousing, supply chain and payment services, Global Sources
     Direct aims to be the most robust service in the China market.  It also
     aims to offer suppliers the greatest geographic and distribution
     channel scope.

Global Sources chairman and chief executive officer, Merle A. Hinrichs, said: ''We expect our eBay relationship to contribute to Global Sources' goal of giving our suppliers as many quality ways to advertise, market and sell their products as possible.

''In addition to our online, print and trade show media channels, we are adding a new channel that directly connects suppliers in China to eBay's massive worldwide marketplace.

''Global Sources Direct also significantly extends our position of offering suppliers what is by far the most extensive range of media and export marketing services.''

eBay Asia regional vice president, Jay Lee, said: ''One of eBay's goals is to enable our community of users to become more successful. By teaming up with Global Sources, we can help our PowerSellers around the world find a new and easy way to source product directly from manufacturers in Asia and especially in China.

''We think this is a powerful idea that can help our high-volume sellers further expand their businesses.''

About eBay

eBay is The World's Online Marketplace(R). Founded in 1995, eBay created a powerful platform for the sale of goods and services by a passionate community of individuals and businesses. On any given day, there are millions of items across thousands of categories for sale on eBay. eBay enables trade on a local, national and international basis with customized sites in markets around the world. Through an array of services, such as its payment solution provider PayPal, eBay is enabling global e-commerce for an ever growing online community.

About Global Sources

Global Sources is a leading business-to-business (B2B) media company that facilitates global trade, with a particular focus on the Greater China market, by providing information to international buyers and integrated marketing services to suppliers.

We deliver content to our communities through nine vertical marketplaces on Global Sources Online ( www.globalsources.com ) and through specialized magazines, China Sourcing Fairs and technical events. These media serve a growing, independently certified community of more than 430,000 active buyers in over 230 countries and territories. These buyers generate more than 4 million inquiries annually for more than 130,000 suppliers through Global Sources Online alone.

We offer extensive creative services through 150 client service officers, and through more than 850 sales representatives who make approximately 45,000 supplier visits monthly. In mainland China, we have 23 years on-the-ground presence, and are supported by more than 1,200 team members in 44 locations.

Global Sources' solutions are based on 34 years as a trade magazine publisher serving the global trade community, 14 years as a trade management software developer, 13 years as manager of trade shows in Asia, and nine years as an online marketplace operator.

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.

  eBay Press Contact in China:
   Lillian Liu
   Tel:   +86-21-3217-4588
   Email: weiliu@ebay.com

  eBay Press Contact in U.S.:
   Hani Durzy
   Tel:   +1-408-376-7458
   Email: hdurzy@ebay.com

  Global Sources Press Contact in Asia:
   Camellia So
   Tel:   +852-2555-5023
   Email: cso@globalsources.com

  Global Sources Press Contact in U.S.:
   James W.W. Strachan
   Tel:   +1-602-978-7504
   Email: strachan@globalsources.com

  Global Sources Investor Contact in Asia:
   Eddie Heng
   Tel:   +65-6547-2850
   Email: eheng@globalsources.com

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

Web sites: http://www.globalsources.com

Source: eBay; Global Sources Ltd.

CONTACT: For investors in Asia, Eddie Heng, +65-6547-2850, or
eheng@globalsources.com, in U.S, Kirsten Chapman & Moriah Shilton,
+1-415-433-3777, or fax, +1-415-433-5577; or kirsten@lhai-sf.com, of
Lippert/Heilshorn & Associates, Inc. for Global Sources; For media in Asia,
Camellia So of Global Sources, +852-2555-5023 or cso@globalsources.com, or in
U.S., James W.W. Strachan, +1-602-978-7504, or strachan@globalsources.com,
both of Global Sources; or Lillian Liu, +86-21-3217-4588, or weiliu@ebay.com,
or Hani Durzy, +1-408-376-7458, or hdurzy@ebay.com, both of eBay