|  | Contact: | Bohn H. CrainChief Executive OfficerRadiant Logistics, Inc.(425) 943-4599 |
|--|----------|---------------------------------------------------------------------------|

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| (Amounts in 000’s)                                    |   | THREE MONTHS ENDEDMARCH 31, |   |   | NINE MONTHS ENDEDMARCH 31, |   |
|-------------------------------------------------------------|--------|-----------------------------|--------|--------|----------------------------|--------|
|                                                        |   | 2011                        |   |   | 2010                       |   |   | 2011 |   |   | 2010 |   |
|                                                        |   |                        |   |   |                       |   |   |   |   |   |   |   |
| Net income                                                  |   | $                           | 771    |   |                       | $      | 449 |   |   | $ | 2,270 |   |   | $ | 1,114 |   |
|                                                        |   |                        |   |   |                       |   |   |   |   |   |   |   |   |   |   |   |
|                                                        |   |                        |   |   |                       |   |   |   |   |   |   |   |   |   |   |   |
| Net interest expense                                        |   |                        | 28     |   |                       |   | 21 |   |   |   | 100 |   |   |   | 104 |   |
| Income tax expense                                          |   |                        | 472    |   |                       |   | 511 |   |   |   | 1,392 |   |   |   | 919 |   |
| Depreciation and amortization                               |   |                        | 253    |   |                       |   | 386 |   |   |   | 905 |   |   |   | 1,182 |   |
|                                                        |   |                        |   |   |                       |   |   |   |   |   |   |   |   |   |   |   |
| EBITDA                                                      |   |                        | 1,524  |   |                       |   | 1,367 |   |   |   | 4,667 |   |   |   | 3,319 |   |
| Share-based compensation and other non-cash charges         |   |                        | 16     |   |                       |   | 93 |   |   |   | 104 |   |   |   | 246 |   |
| Refund of Business & Occupancy tax (including interest) |   |                        | -      |   |                       |   | (395 | ) |   |   |   |   |   |   | (395 | ) |
| (Gain) or loss on litigation settlement                     |   |                        | -      |   |                       |   | - |   |   |   | 150 |   |   |   | (355 | ) |
|                                                        |   |                        |   |   |                       |   |   |   |   |   |   |   |   |   |   |   |
|   Adjusted EBITDA                                      |   | $                           | 1,540  |   |                       | $      | 1,065 |   |   | $ | 4,921 |   |   | $ | 2,815 |   |

| (Amounts in 000’s)                            |   | Outlook Fiscal Year Ended |   |   | Outlook Fiscal Year Ended |   |   | Actual Fiscal Year Ended |   |
|-----------------------------------------------------|--------|---------------------------|--------|--------|---------------------------|--------|--------|--------------------------|--------|
|                                                |   | June 30, 2012             |   |   | June 30, 2011             |   |   | June 30, 2010            |   |
|                                                |   |                      |   |   |                      |   |   |                     |   |
| Net income                                          |   | $                         | 3,410  |   |                      | $      | 2,983  |                     |   | $ | 1,959 |   |
|                                                |   |                      |   |   |                      |   |   |                     |   |   |   |   |
| Net interest expense                                |   |                      | 802    |   |                      |   | 285    |                     |   |   | 135 |   |
| Income tax expense                                  |   |                      | 2,090  |   |                      |   | 1,828  |                     |   |   | 1,093 |   |
| Depreciation and amortization                       |   |                      | 2,048  |   |                      |   | 1,372  |                     |   |   | 1,598 |   |
|                                                |   |                      |   |   |                      |   |   |                     |   |   |   |   |
| EBITDA                                              |   |                      | 8,350  |   |                      |   | 6,468  |                     |   |   | 4,785 |   |
|                                                |   |                      |   |   |                      |   |   |                     |   |   |   |   |
| Stock-based compensation and other non-cash charges |   |                      | 150    |   |                      |   | 132    |                     |   |   | 315 |   |
| Severance Costs                                     |   |                      | 500    |   |                      |   | -      |                     |   |   | - |   |
| Gain on extinguishment of debt                      |   |                      | -      |   |                      |   | -      |                     |   |   | (135 | ) |
| Business & Occupancy tax refund                 |   |                      | -      |   |                      |   | -      |                     |   |   | (364 | ) |
| (Gain) loss on litigation settlement                |   |                      | -      |   |                      |   | 150    |                     |   |   | (355 | ) |
|                                                |   |                      |   |   |                      |   |   |                     |   |   |   |   |
|                                                |   |                      |   |   |                      |   |   |                     |   |   |   |   |
| Adjusted EBITDA                                     |   | $                         | 9,000  |   |                      | $      | 6,750  |                     |   | $ | 4,246 |   |

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|                                                                                                                                                                            |   | March 31,2011 |       |   | June 30,2010 |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------|------------|--------|--------------|--------|
| ASSETS                                                                                                                                                                     |   |          |       |   |         |   |
| Current assets -                                                                                                                                                                |   |          |       |   |         |   |
| Cash and cash equivalents                                                                                                                                                       |   | $             | 60,708     |   |         | $      | 682,108 |   |
| Accounts receivable, net of allowance                                                                                                                                           |   |          |       |   |         |   |   |   |
|          of $489,156 and $626,401 respectively                                                                                     |   |          | 23,360,832 |   |         |   | 21,442,023 |   |
| Current portion of employee loan receivable                                                                                                                                     |   |          | 16,095     |   |         |   | 13,100 |   |
| Current portion of station and other receivables                                                                                                                                |   |          | 95,398     |   |         |   | 195,289 |   |
| Prepaid expenses and other current assets                                                                                                                                       |   |          | 916,325    |   |         |   | 1,104,211 |   |
| Deferred tax asset                                                                                                                                                              |   |          | 351,345    |   |         |   | 402,428 |   |
| Total current assets                                                                                                                                                            |   |          | 24,800,703 |   |         |   | 23,839,159 |   |
|                                                                                                                                                                            |   |          |       |   |         |   |   |   |
| Furniture and equipment, net                                                                                                                                                    |   |          | 865,783    |   |         |   | 881,416 |   |
|                                                                                                                                                                            |   |          |       |   |         |   |   |   |
| Acquired intangibles, net                                                                                                                                                       |   |          | 1,359,089  |   |         |   | 2,019,757 |   |
| Goodwill                                                                                                                                                                        |   |          | 1,011,310  |   |         |   | 982,788 |   |
| Employee loan receivable, net of current portion                                                                                                                                |   |          | 40,550     |   |         |   | 38,000 |   |
| Station and other receivables, net of current portion                                                                                                                           |   |          | 126,627    |   |         |   | 151,160 |   |
| Investment in real estate                                                                                                                                                       |   |          | 40,000     |   |         |   | 40,000 |   |
| Deposits and other assets                                                                                                                                                       |   |          | 205,652    |   |         |   | 153,116 |   |
| Deferred tax asset – long term                                                                                                                                            |   |          | 188,202    |   |         |   | 106,023 |   |
| Total long term assets                                                                                                                                                          |   |          | 2,971,430  |   |         |   | 3,490,844 |   |
| Total assets                                                                                                                                                                    |   | $             | 28,637,916 |   |         | $      | 28,211,419 |   |
|                                                                                                                                                                            |   |          |       |   |         |   |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY                                                                                                                                            |   |          |       |   |         |   |   |   |
| Current liabilities -                                                                                                                                                           |   |          |       |   |         |   |   |   |
| Accounts payable and accrued transportation costs                                                                                                                               |   |          | 17,148,507 |   |         |   | 16,004,814 |   |
| Commissions payable                                                                                                                                                             |   |          | 2,306,229  |   |         |   | 2,119,503 |   |
| Other accrued costs                                                                                                                                                             |   |          | 761,926    |   |         |   | 538,854 |   |
| Income taxes payable                                                                                                                                                            |   |          | 90,980     |   |         |   | 76,309 |   |
| Due to former Adcom shareholder                                                                                                                                                 |   |          | 33,708     |   |         |   | 603,205 |   |
| Other current liabilities                                                                                                                                                       |   |          | 75,000     |   |         |   | - |   |
| Total current liabilities                                                                                                                                                       |   |          | 20,416,350 |   |         |   | 19,342,685 |   |
|                                                                                                                                                                            |   |          |       |   |         |   |   |   |
| Long term debt                                                                                                                                                                  |   |          | 4,611,011  |   |         |   | 7,641,021 |   |
| Deferred tax liability                                                                                                                                                          |   |          | 659,084    |   |         |   | 439,905 |   |
| Total long term liabilities                                                                                                                                                     |   |          | 5,270,095  |   |         |   | 8,080,926 |   |
| Total liabilities                                                                                                                                                               |   |          | 25,686,445 |   |         |   | 27,423,611 |   |
|                                                                                                                                                                            |   |          |       |   |         |   |   |   |
| Stockholders' equity:                                                                                                                                                           |   |          |       |   |         |   |   |   |
| Preferred stock, $0.001 par value, 5,000,000 shares authorized; no shares issued or outstanding                                                                                 |   |          | -          |   |         |   | - |   |
| Common stock, $0.001 par value, 50,000,000 shares authorized.  Issued and outstanding:  March 31, 2011 – 30,514,759; June 30, 2010 – 31,273,461 |   |          | 16,889     |   |         |   | 16,157 |   |
| Additional paid-in capital                                                                                                                                                      |   |          | 8,461,581  |   |         |   | 8,108,239 |   |
| Treasury stock, at cost, 4,919,239 and 3,428,499 shares, respectively                                                                                                           |   |          | (1,407,455 | )      |         |   | (936,190 | ) |
| Retained deficit                                                                                                                                                                |   |          | (4,197,019 | )      |         |   | (6,466,946 | ) |
| Total Radiant Logistics, Inc. stockholders’ equity                                                                                                                        |   |          | 2,873,996  |   |         |   | 721,260 |   |
|          Non-controlling interest                                                                                                  |   |          | 77,475     |   |         |   | 66,548 |   |
|          Total stockholders’ equity                                                                                          |   |          | 2,951,471  |   |         |   | 787,808 |   |
|          Total liabilities and stockholders’ equity                                                                          |   | $             | 28,637,916 |   |         | $      | 28,211,419 |   |

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|                                                      |   | THREE MONTHS ENDED |       |   | NINE MONTHS ENDED |   |
|-----------------------------------------------------------|--------|--------------------|------------|--------|-------------------|--------|
|                                                      |   | MARCH 31,          |       |   | MARCH 31,         |   |
|                                                      |   | 2011               |       |   | 2010              |   |   | 2011 |   |   | 2010 |   |
|                                                      |   |               |       |   |              |   |   |   |   |   |   |   |
| Revenue                                                   |   | $                  | 42,030,290 |   |              | $      | 32,863,624 |   |   | $ | 132,888,167 |   |   | $ | 106,007,803 |   |
| Cost of transportation                                    |   |               | 29,005,131 |   |              |   | 22,522,506 |   |   |   | 91,562,255 |   |   |   | 73,613,523 |   |
| Net revenues                                              |   |               | 13,025,159 |   |              |   | 10,341,118 |   |   |   | 41,325,912 |   |   |   | 32,394,280 |   |
|                                                      |   |               |       |   |              |   |   |   |   |   |   |   |   |   |   |   |
|                                                      |   |               |       |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Agent commissions                                         |   |               | 8,847,029  |   |              |   | 7,104,883 |   |   |   | 28,529,680 |   |   |   | 22,398,448 |   |
| Personnel costs                                           |   |               | 1,576,766  |   |              |   | 1,448,374 |   |   |   | 4,695,194 |   |   |   | 4,402,236 |   |
| Selling, general and administrative expenses              |   |               | 1,099,705  |   |              |   | 551,139 |   |   |   | 3,303,122 |   |   |   | 2,800,572 |   |
| Depreciation and amortization                             |   |               | 253,657    |   |              |   | 386,145 |   |   |   | 905,723 |   |   |   | 1,181,862 |   |
| Total operating expenses                                  |   |               | 11,777,157 |   |              |   | 9,490,541 |   |   |   | 37,433,719 |   |   |   | 30,783,118 |   |
|                                                      |   |               |       |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Income from operations                                    |   |               | 1,248,002  |   |              |   | 850,577 |   |   |   | 3,892,193 |   |   |   | 1,611,162 |   |
|                                                      |   |               |       |   |              |   |   |   |   |   |   |   |   |   |   |   |
|                                                      |   |               |       |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Other income (expense):                                   |   |               |       |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Interest income                                           |   |               | 4,605      |   |              |   | 35,130 |   |   |   | 16,044 |   |   |   | 38,403 |   |
| Interest expense                                          |   |               | (32,632    | )      |              |   | (56,404 | ) |   |   | (117,053 | ) |   |   | (142,195 | ) |
| Other                                                     |   |               | 49,218     |   |              |   | 155,406 |   |   |   | 138,911 |   |   |   | 254,171 |   |
| Gain (loss) on litigation settlement                      |   |               | -          |   |              |   | - |   |   |   | (150,000 | ) |   |   | 354,670 |   |
| Total other income (expense)                              |   |               | 21,191     |   |              |   | 134,132 |   |   |   | (112,098 | ) |   |   | 505,049 |   |
|                                                      |   |               |       |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Income before income tax expense                          |   |               | 1,269,193  |   |              |   | 984,709 |   |   |   | 3,780,095 |   |   |   | 2,116,211 |   |
|                                                      |   |               |       |   |              |   |   |   |   |   |   |   |   |   |   |   |
|                                                      |   |               |       |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Income tax expense                                        |   |               | (472,379   | )      |              |   | (511,050 | ) |   |   | (1,391,241 | ) |   |   | (918,715 | ) |
|                                                      |   |               |       |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Net income                                                |   |               | 796,814    |   |              |   | 473,659 |   |   |   | 2,388,854 |   |   |   | 1,197,496 |   |
|                                                      |   |               |       |   |              |   |   |   |   |   |   |   |   |   |   |   |
|                                                      |   |               |       |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Less: Net income attributable to non-controlling interest |   |               | (26,095    | )      |              |   | (24,551 | ) |   |   | (118,927 | ) |   |   | (83,229 | ) |
|                                                      |   |               |       |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Net income attributable to Radiant Logistics, Inc.        |   | $                  | 770,719    |   |              | $      | 449,108 |   |   | $ | 2,269,927 |   |   | $ | 1,114,267 |   |
|                                                      |   |               |       |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Net income per common share – basic                 |   | $                  | 0.03       |   |              | $      | 0.01 |   |   | $ | 0.07 |   |   | $ | 0.03 |   |
| Net income per common share – diluted               |   | $                  | 0.02       |   |              | $      | 0.01 |   |   | $ | 0.07 |   |   | $ | 0.03 |   |
|                                                      |   |               |       |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average shares outstanding:                      |   |               |       |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Basic shares                                              |   |               | 30,514,759 |   |              |   | 32,391,859 |   |   |   | 30,368,446 |   |   |   | 32,767,213 |   |
| Diluted shares                                            |   |               | 32,719,945 |   |              |   | 32,533,794 |   |   |   | 31,542,327 |   |   |   | 32,937,774 |   |

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|                                                                                         |   | THREE MONTHS ENDED |      |   | NINE MONTHS ENDED |   |
|----------------------------------------------------------------------------------------------|--------|--------------------|-----------|--------|-------------------|--------|
|                                                                                         |   | MARCH 31,          |      |   | MARCH 31,         |   |
|                                                                                         |   | 2011               |      |   | 2010              |   |   | 2011 |   |   | 2010 |   |
|                                                                                         |   |               |      |   |              |   |   |   |   |   |   |   |
| Adjusted EBITDA                                                                              |   | $                  | 1,541,087 |   |              | $      | 1,065,607 |   |   | $ | 4,921,865 |   |   | $ | 2,815,714 |   |
|                                                                                         |   |               |      |   |              |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                         |   |               |      |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Stock-based compensation and other non-cash charges                                          |   |               | (16,305   | )      |              |   | (92,775 | ) |   |   | (103,965 | ) |   |   | (246,493 | ) |
| Refund of Business & Occupancy tax (including interest)                                  |   |               | -         |   |              |   | 394,745 |   |   |   | - |   |   |   | 394,745 |   |
| Gain (loss) on litigation settlement                                                         |   |               | -         |   |              |   | - |   |   |   | (150,000 | ) |   |   | 354,668 |   |
|                                                                                         |   |               |      |   |              |   |   |   |   |   |   |   |   |   |   |   |
| EBITDA                                                                                       |   |               | 1,524,782 |   |              |   | 1,367,577 |   |   |   | 4,667,900 |   |   |   | 3,318,634 |   |
|                                                                                         |   |               |      |   |              |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                         |   |               |      |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization                                                                |   |               | (253,657  | )      |              |   | (386,145 | ) |   |   | (905,723 | ) |   |   | (1,181,861 | ) |
| Interest expense, net                                                                        |   |               | (28,027   | )      |              |   | (21,274 | ) |   |   | (101,009 | ) |   |   | (103,791 | ) |
| Income tax expense                                                                           |   |               | (472,379  | )      |              |   | (511,050 | ) |   |   | (1,391,241 | ) |   |   | (918,715 | ) |
|                                                                                         |   |               |      |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Net income                                                                                   |   |               | 770,719   |   |              |   | 449,108 |   |   |   | 2,269,927 |   |   |   | 1,114,267 |   |
|                                                                                         |   |               |      |   |              |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                         |   |               |      |   |              |   |   |   |   |   |   |   |   |   |   |   |
| ADJUSTMENTS TO RECONCILE NET INCOME TO NET CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES: |   |               |      |   |              |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                         |   |               |      |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Non-cash compensation expense (stock options)                                                |   |               | 14,793    |   |              |   | 54,938 |   |   |   | 95,564 |   |   |   | 163,842 |   |
| Amortization of intangibles                                                                  |   |               | 167,093   |   |              |   | 283,654 |   |   |   | 660,668 |   |   |   | 875,632 |   |
| Deferred income tax benefit                                                                  |   |               | (32,089   | )      |              |   | (167,572 | ) |   |   | (31,096 | ) |   |   | (429,104 | ) |
| Depreciation and leasehold amortization                                                      |   |               | 86,564    |   |              |   | 102,491 |   |   |   | 245,055 |   |   |   | 306,230 |   |
| Loss (gain) on litigation settlement                                                         |   |               | -         |   |              |   | - |   |   |   | 150,000 |   |   |   | (354,670 | ) |
| Change in non-controlling interest of subsidiaries                                           |   |               | 26,095    |   |              |   | 24,551 |   |   |   | 118,927 |   |   |   | 83,229 |   |
| Loss on disposal of assets                                                                   |   |               | -         |   |              |   | - |   |   |   | 11,931 |   |   |   | - |   |
| Provision for (recovery of) doubtful accounts                                                |   |               | 14,898    |   |              |   | (155,238 | ) |   |   | (137,245 | ) |   |   | (11,630 | ) |
|                                                                                         |   |               |      |   |              |   |   |   |   |   |   |   |   |   |   |   |
| CHANGE IN OPERATING ASSETS AND LIABILITIES:                                                  |   |               |      |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Accounts receivable                                                                          |   |               | 407,344   |   |              |   | 3,325,168 |   |   |   | (1,781,564 | ) |   |   | (1,111,488 | ) |
| Employee receivables                                                                         |   |               | (9,118    | )      |              |   | (10,067 | ) |   |   | (5,545 | ) |   |   | 43,100 |   |
| Station and other receivables                                                                |   |               | 24,848    |   |              |   | (559,519 | ) |   |   | 124,424 |   |   |   | (393,945 | ) |
| Prepaid expenses and other assets                                                            |   |               | 835,069   |   |              |   | (19,964 | ) |   |   | 135,350 |   |   |   | (100,055 | ) |
| Checks issued in excess of funds                                                             |   |               | -         |   |              |   | 44,148 |   |   |   | - |   |   |   | 44,148 |   |
| Accounts payable & accrued transportation costs                                          |   |               | (874,746  | )      |              |   | (2,579,014 | ) |   |   | 1,143,693 |   |   |   | (195,800 | ) |
| Commissions payable                                                                          |   |               | 340,723   |   |              |   | 279,458 |   |   |   | 186,726 |   |   |   | 99,513 |   |
| Other accrued costs                                                                          |   |               | 77,130    |   |              |   | 24,257 |   |   |   | 223,072 |   |   |   | (148,412 | ) |
| Other long term liabilities                                                                  |   |               | 48,060    |   |              |   | 23,544 |   |   |   | 144,179 |   |   |   | 23,544 |   |
| Income taxes payable                                                                         |   |               | (121,430  | )      |              |   | 276,612 |   |   |   | 14,671 |   |   |   | 276,612 |   |
| Income tax deposit                                                                           |   |               | -         |   |              |   | 31,518 |   |   |   | - |   |   |   | 535,074 |   |
| Due to former Adcom shareholder                                                              |   |               | -         |   |              |   | (20,834 | ) |   |   | - |   |   |   | (20,834 | ) |
| Total adjustments                                                                            |   |               | 1,005,234 |   |              |   | 958,131 |   |   |   | 1,298,810 |   |   |   | (315,014 | ) |
|                                                                                         |   |               |      |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Net cash provided by (used) for operating  activities                              |   | $                  | 1,775,953 |   |              | $      | 1,407,239 |   |   | $ | 3,568,737 |   |   | $ | (799,253 | ) |

----