INTERNATIONAL NEwswww.exhibitionnews.co.uk 13Quito to launch events venueAMERICASEcuador's new San Francisco Convention Center in Quito will be inaugurated in October.The venue will be one of the largest and most technologically-advanced event spaces in the Ecuadorean capital, able to cater for events up to 11,500sqm and groups of 3,000. It is being constructed as part of a mixed-use development space, complemented by local attractions including a theatre, shopping mall, business centre, cinema and parking for more than 2,500 vehicles. When complete, the centre will join existing exhibition venue Cemexpo, which offers 13,500sqm of space for trade shows and events.Messe Frankfurt leasing cancelled Organiser and venue owner Messe Frankfurt is cancelling its cross-border leasing arrangements with a US investor and participating banks, ending a ?15m (£12.04m) investment run over 12 years.The move, made by mutual agreement, ends an investor relationship dating back to 2000 in favour of a return to full financial flexibility. The ?15m figure does not count interest savings made over the 12-year period."Ending the cross-border leasing agreements will also make it easier for Messe Frankfurt to further develop its exhibition grounds - it will render us completely flexible again," said Messe Frankfurt president and CEO Wolfgang Marzin.Marzin stressed that despite the split, the company's US business partner had been constructive in its support of Messe Frankfurt's development in recent years, including those affecting its own interests.Messe Frankfurt's chief of finance Klaus Münster-Müller said the cross-border leasing arrangements were the right decision for Messe Frankfurt and its shareholders at the time, adding the contract did not give rise to any financial burden for the company, the City of Frankfurt or for the federal state of Hesse.EUROPEGlobal SourceS revenue riSeS NASDAQ-listed US organiser Global Sources, a specialist in Asian events, has seen first-quarter revenues climb despite a slowing in global exports.First quarter revenue rose to US$38.9m (£24.6m) from $37.5m year-on-year, with online revenue at $30.9m (2011: $27.2m) and print revenue at $4.3m ($4.7m). However exhibitions revenue for the period halved from $4.4m to $2.2m, a result of the rescheduling of one of its trade shows from January 2012 to a month earlier, in December 2011.Adjusted EBITDA was $5.4m, which was relatively flat compared to the same period last year ($5.5m)."For the quarter, we achieved revenue of US$38.9m driven by growth in our online business," said Global Sources executive chairman Merle Hinrichs."Looking forward, our customers are becoming more conservative with their marketing budgets due to the slowdown in exports and the continued softening of the global economy."The company acquired an 80 per cent interest in the China (Shenzhen) International Brand Clothing and Accessories Fair (SZIC), one of the largest fashion shows in Asia in March for a total cash consideration of up to $17.3m.Its spring series of trade shows in Hong Kong featured 6,800 booths from 11 countries and regions, while total attendance exceeded 61,200 and included buyers from more than 167 countries and territories.The company grew its revenue in the fourth quarter of last year by 17 per cent, a result driven by a 20 per cent rise in online business and exhibition growth.Global Sources chief financial officer Connie Lai predicted the firm's revenue mix to be 59 per cent for online, 31 per cent for exhibitions, seven per cent for print, and three per cent for miscellaneous.WORLDMontgoMery holds events in libyaUK organiser Montgomery claims to have created the first events to bring foreign companies to Libya since the fall of the Muammar Gaddafi regime.The fourth editions of two international exhibitions on Libya's infrastructure and oil and gas sectors, Infrastructure Libya 2012 and Oil and Gas Libya 2012, attracted 4,687 attendees over four days.The event was opened by Libya's Minister of Oil, Abdul-Rahman Ben Yazza and ran from 23 to 26 April at the Tripoli International Fairground.Visitors included government and private sector planners, specifiers and procurement officials, engineers, consultants and trading agents, all providing contacts necessary for the exhibiting companies to secure a part in Libya's economic programme.In total, 197 exhibitors from 23 countries participated: Egypt, France, Netherlands, Turkey, Algeria, Canada, China, Germany, Italy, Japan, Korea, Lebanon, Libya, Malta, Oman, Poland, Romania, south Africa, sudan, switzerland, UAE, UsA and the UK.AFRICAiaee: organisers to defy econoMic fears A new survey from the International Association of Exhibitions and Events (IAEE) has revealed that despite economic fears topping the list of organisers' issues, a third of members will launch shows this year.The association's public events council released its public events industry 2011 survey report alongside the report How the Public Event/Consumer Show Engages with the Younger Generations/Professionals. The survey details individual and comparative statistics from its mostly American membership.The report found 66 per cent of respondents have an optimistic or very optimistic attitude toward 2012, while 32 per cent plan to launch new events and 36 per cent expect better sponsorship revenue."The public events industry is showing optimistic signs with growth in exhibit space sales and steady revenue and attendance figures," said IAEE president steven Hacker. However he insisted ongoing austerity measures and financial uncertainty still have a strong bearing on industry growth.AMERICAS
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