SOURCE: FUHU, Inc.

Fuhu, Inc.

October 25, 2013 09:00 ET

Fuhu, Inc. Receives Inc. Hire Power Awards for Being Top 10 Job Creator in Its Industry

Fuhu, Inc., Increased 200% in Company Size Over the Past 18 Months

NEW YORK, NY--(Marketwired - Oct 25, 2013) - El Segundo, California based Fuhu, Inc. featured in the 2nd annual Inc. Hire Power Awards, recognizing the private businesses that have generated the most jobs in the past three years.

Fuhu generated 72 jobs just in the U.S. alone from January 1st, 2012 to June 30th 2013, placing 8th on the list of top private business job creators in the Consumer Products and Services industry with the increase of 200% in full-time employees.

"We are proud to be recognized for taking a part in rebuilding the economic strength of our country," said Jim Mitchell, CEO of Fuhu. "As the market leader in kids products and solutions and as our company continues to grow, we are excited to be in a position to create more jobs and help provide economic stability."

Fuhu recently ranked No. 1 on the 2013 Inc. 500 as the Fastest-Growing Private Company in America with 42,148% in 3-year revenue growth. Established in 2008, Fuhu is committed to bringing "thoughtful" experiences in entertainment and education to children through its innovative consumer products and services. In 2011, Fuhu created the world's first full-featured Android tablet made just for kids and in just a year, nabi tablet became the #1 selling tablet for children.

The Bureau of Labor Statistics reports that only 222,000 full-time jobs were added in 2012 -- compare those numbers to the honorees of the Inc. magazine's HIRE POWER AWARDS, which created 69,182 jobs between January 1, 2012 and June 30, 2013. The numbers become even more amazing when you look closer -- the top job creator, Universal Services of America added 14,240 employees to a workforce of 35,000; second-place Vivint added 1,943 to 6,496 and third-place Heartland Dental Care added 1,759 to 4,965. These small to mid-sized companies and others just like Fuhu could hold the key to restoring America's economic vitality.

"For the second year in a row, we are pleased to recognize the employers who are putting Americans back to work for a second time," says Eric Schurenberg, Editor-in-Chief of Inc. "The HIRE POWER AWARDS are the only awards that single out job creators. We think it's fitting to pay tribute to company founders not just for their business prowess but also for their immense contribution to the welfare of U.S. workers and the vitality of the U.S. economy."

Fuhu is among the 437 private growth companies that are HIRE POWER AWARDS honorees, leading the way in creating more American jobs. While the honorees are found across the country in 25 categories, industries with the most Hire Power companies include health, financial services, software, human resources and IT services. States with the most honorees include California, Florida, Texas, Ohio, New York, Massachusetts, Illinois and Utah.

"At Bank of America Merrill Lynch, we understand the vital role of small and mid-sized businesses in the local economy," said George Smith, head of Business Banking, Bank of America Merrill Lynch. "And we are proud to partner with Inc. to sponsor the Hire Power Awards to recognize these business leaders."

An award ceremony, sponsored by Bank of America Merrill Lynch, will take place November 12, 2013 in San Francisco.

Eligibility
The Inc. Hire Power Award is for US-based, private companies (both for profit and non-profit). Companies must have been founded in 2011 or earlier and have employed at least 10 full-time US-based employees as of December 31, 2012. Companies must complete the Employee Verification Report. Top award finalists may also be asked to provide their 2012 EEO Employer Information Report.

Award categories include most jobs created in the US, most jobs created by state, most jobs created by industry and highest employee growth percentage. Companies featured in Inc.'s November issue represent the top tier winners for the Higher Power Award and a complete list of the winners can be found on www.Inc.com.

About Inc.
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today's innovative company builders. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 6,000,000 today. For more information, visit www.inc.com.

About Bank of America Merrill Lynch
Bank of America Merrill Lynch is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 57 million consumer and small business relationships with approximately 5,700 retail banking offices and approximately 17,250 ATMs and award-winning online banking with 30 million active users. Bank of America Merrill Lynch is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America Merrill Lynch offers industry-leading support to approximately 4 million small business owners through a suite of innovative, easy-to-use online products and services. For more information, visit: http://corp.bankofamerica.com/business/smb.

"Bank of America Merrill Lynch" is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation ("Investment Banking Affiliates"), including, in the United States, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Merrill Lynch Professional Clearing Corp., all of which are registered broker-dealers and members of FINRA and SIPC, and, in other jurisdictions, by locally registered entities. Investment products offered by Investment Banking Affiliates: Are Not FDIC Insured * May Lose Value * Are Not Bank Guaranteed.

About Fuhu, Inc.
Fuhu, Inc., the creator of the nabi tablet, is the leading designer, seller and innovator of thoughtful consumer products and services for children. Fuhu is committed to creating children's solutions that are: (1) socially responsible, (2) made right, (3) make a difference in people's lives, (4) For Parents. By Parents. ® and (5) dedicated to the intellectual development of children. Fuhu, Inc. is the No. 1 Fastest-Growing Private Company amongst 5,000 in America as ranked by Inc.'s exclusive 32nd Inc. 500|5000 list. Fuhu is headquartered in El Segundo, Calif., with offices in Denver, San Jose, China, Hong Kong, Taipei and Japan. For more information, visit www.fuhu.com and www.nabitablet.com.

Contact Information

  • Media Contact:
    Grace Ryu
    Public Relations
    Fuhu
    310-227-8230 ext.1020
    Email Contact