| Contact: | Bohn                H. Crain           |
|----------|----------------------------------------|
|     | Chief Executive Officer      |
|     | Radiant                Logistics, Inc. |
|     | (425)                943-4599          |

**RADIANT      LOGISTICS ANNOUNCES RECORD RESULTS**

**FOR      THE FIRST FISCAL QUARTER ENDED SEPTEMBER 30, 2008**

**Double-Digit      Growth Continues with Quarterly Revenues Increasing 26.7% to $32.4 Million      and      Adjusted EBITDA Increasing 88.8% to $806,000**

----

----

| *(Amounts in 000’s)*                             |   | Three months ended September30, |   |
|------------------------------------------------------------------|--------|------------------------------------------------|--------|
|                                                             |   | 2008                                           |   | 2007 |   |
| Net                income                                        |   | $                                              | 250    |   | $ | 88 |   |
|                                                             |   |                                           |   |   |   |   |   |
| Interest                expense, net                             |   |                                           | 25     |   |   | 25 |   |
| Income                tax expense (benefit)                      |   |                                           | 153    |   |   | (8 | ) |
| Depreciation                and amortization                     |   |                                           | 315    |   |   | 240 |   |
|                                                             |   |                                           |   |   |   |   |   |
| EBITDA                                                           |   |                                           | 743    |   |   | 345 |   |
| Share-based                compensation and other non-cash costs |   |                                           | 63     |   |   | 82 |   |
|                                                             |   |                                           |   |   |   |   |   |
| Adjusted                EBITDA                                   |   | $                                              | 806    |   | $ | 427 |   |

----

----

*This      press release includes forward-looking statements within the meaning of Section      27A of the Securities Act of 1933 as amended, and Section 21E of the Securities      Exchange Act of 1934, as amended, regarding future operating performance,      events, trends and plans. All statements other than statements of historical      fact contained herein, including, without limitation, statements regarding      the      our future financial position, business strategy, budgets, projected revenues      and costs, and plans and objectives of management for future operations, are      forward-looking statements. Forward-looking statements generally can be      identified by the use of forward-looking terminology such as “may,” “will,”“expects,” “intends,” “plans,” “projects,” “estimates,” “anticipates,” or“believes” or the negative thereof or any variation thereon or similar      terminology or expressions. We have based these forward-looking statements      on      our current expectations and projections about future events. These      forward-looking statements are not guarantees and are subject to known and      unknown risks, uncertainties and assumptions about us that may cause our actual      results, levels of activity, performance or achievements to be materially      different from any future results, levels of activity, performance or      achievements expressed or implied by such forward-looking statements. Important      factors that could cause our actual results to differ from our expectations,      include but are not limited to, our ability to: use Airgroup as a “platform”upon which we can build a profitable global transportation and supply chain      management company; retain and build upon the relationships we have with our      exclusive agency offices; continue the development of our back office      infrastructure and transportation and accounting systems in a manner sufficient      to service our expanding revenues and base of exclusive agency locations;      maintain the future operations of Adcom in a manner consistent with its past      practices, integrate the operations of Adcom with our existing operations,      continue growing our business and maintain historical or increased gross profit      margins; locate suitable acquisition opportunities; secure the financing      necessary to complete any acquisition opportunities we locate; assess and      respond to competitive practices in the industries in which we compete,      mitigate, to the best extent possible, our dependence on current management      and      certain of our larger exclusive agency locations; assess and respond to the      impact of current and future laws and governmental regulations affecting the      transportation industry in general and our operations in particular; to      integrate Adcom’s operations with our historic operations, our ability to      realize cost synergies through such integration, the effect that the acquisition      will have on Adcom’s existing customers, agents and employees as well as those      risk factors disclosed in Item 1A of our Report on Form 10-K for the year ended      June 30, 2008 and other filings with the Securities and Exchange Commission      and      other public documents and press releases which can be found on our web-site      (www.radiant-logistics.com). Readers are cautioned not to place undue reliance      on our forward-looking statements, as they speak only as of the date made.      Such      statements are not guarantees of future performance or events and we undertake      no obligation to disclose any revision to these forward-looking statements      to      reflect events or circumstances occurring after the date hereof.*

----

**RADIANT        LOGISTICS, INC.**

**Consolidated        Balance Sheets**

**(UNAUDITED)**

|                                                                                                                                                                                                                                             |   | September                      30, |       | June                      30,      |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------|------------|------------------------------------|--------|
|                                                                                                                                                                                                                                             |   | 2008                               |       | 2008                          |   |
| **ASSETS**                                                                                                                                                                                                                                       |   |                               |       |                          |   |
| Current                      assets -                                                                                                                                                                                                            |   |                               |       |                               |   |  |   |
| Cash                      and cash equivalents                                                                                                                                                                                                   |   | $                                  | 897,547    |                               | $      | 392,223 |   |
| Accounts                      receivable, net of allowance for doubtful accounts of $740,306                      at September 30, 2008 and $513,479 at June 30, 2008                                                                            |   |                               | 25,122,808 |                               |   | 14,404,002 |   |
| Current                      portion of employee loan receivable and other Receivables                                                                                                                                                           |   |                               | 521,643    |                               |   | 68,367 |   |
| Prepaid                      expenses and other current assets                                                                                                                                                                                   |   |                               | 356,812    |                               |   | 425,657 |   |
| Income                      tax deposit                                                                                                                                                                                                          |   |                               | 433,417    |                               |   | - |   |
| Deferred                      tax asset                                                                                                                                                                                                          |   |                               | 167,653    |                               |   | 292,088 |   |
| Total                      current assets                                                                                                                                                                                                        |   |                               | 27,499,880 |                               |   | 15,582,337 |   |
|                                                                                                                                                                                                                                             |   |                               |       |                               |   |  |   |
| Property                      and equipment, net                                                                                                                                                                                                 |   |                               | 961,538    |                               |   | 717,542 |   |
|                                                                                                                                                                                                                                             |   |                               |       |                               |   |   |   |
| Acquired                      intangibles, net                                                                                                                                                                                                   |   |                               | 4,294,842  |                               |   | 1,242,413 |   |
| Goodwill                                                                                                                                                                                                                                         |   |                               | 10,811,142 |                               |   | 7,824,654 |   |
| Employee                      loan receivable                                                                                                                                                                                                    |   |                               | 40,000     |                               |   | 40,000 |   |
| Investment                      in real estate                                                                                                                                                                                                   |   |                               | 40,000     |                               |   | 40,000 |   |
| Deposits                      and other assets                                                                                                                                                                                                   |   |                               | 435,552    |                               |   | 131,496 |   |
| Minority                      interest                                                                                                                                                                                                           |   |                               | 34,775     |                               |   | 24,784 |   |
|  Total                      long term assets                                                                                                                                                                                                |   |                               | 15,656,311 |                               |   | 9,303,347 |   |
|                        Total assets                                                                                                                                                                                                         |   | $                                  | 44,117,729 |                               | $      | 25,603,226 |   |
|                                                                                                                                                                                                                                             |   |                               |       |                               |   |   |   |
| **LIABILITIES                      AND STOCKHOLDERS' EQUITY**                                                                                                                                                                                    |   |                               |       |                               |   |  |   |
| Current                      liabilities -                                                                                                                                                                                                       |   |                               |       |                               |   |  |   |
| Notes                      payable                                                                                                                                                                                                               |   | $                                  | 113,306    |                               | $      | 113,306 |   |
| Accounts                      payable and accrued transportation costs                                                                                                                                                                           |   |                               | 18,553,305 |                               |   | 9,914,831 |   |
| Commissions                      payable                                                                                                                                                                                                         |   |                               | 2,426,416  |                               |   | 1,136,859 |   |
| Other                      accrued costs                                                                                                                                                                                                         |   |                               | 1,149,029  |                               |   | 221,808 |   |
| Income                      taxes payable                                                                                                                                                                                                        |   |                               | -          |                               |   | 498,142 |   |
| Due                      to former Adcom shareholder                                                                                                                                                                                             |   |                               | 2,402,301  |                               |   | - |   |
| Total                      current liabilities                                                                                                                                                                                                   |   |                               | 24,644,357 |                               |   | 11,884,946 |   |
|                                                                                                                                                                                                                                             |   |                               |       |                               |   |  |   |
| Long                      term debt                                                                                                                                                                                                              |   |                               | 8,577,435  |                               |   | 4,272,032 |   |
| Deferred                      tax liability                                                                                                                                                                                                      |   |                               | 1,561,924  |                               |   | 422,419 |   |
| Total                      long term liabilities                                                                                                                                                                                                 |   |                               | 10,139,359 |                               |   | 4,694,451 |   |
|                        Total                      liabilities                                                                                                                                                                               |   |                               | 34,783,716 |                               |   | 16,579,397 |   |
|                                                                                                                                                                                                                                             |   |                               |       |                               |   |   |   |
| 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: 34,701,960 at September 30, 2008 and 34,660,293                      at June                      30, 2008 |   |                               | 16,158     |                               |   | 16,116 |   |
| Additional                      paid-in capital                                                                                                                                                                                                  |   |                               | 7,763,613  |                               |   | 7,703,658 |   |
| Retained                      earnings                                                                                                                                                                                                           |   |                               | 1,554,242  |                               |   | 1,304,055 |   |
| Total                      stockholders’ equity                                                                                                                                                                                            |   |                               | 9,334,013  |                               |   | 9,023,829 |   |
|                                                                                                                                                                                                                                             |   | $                                  | 44,117,729 |                               | $      | 25,603,226 |   |

----

**RADIANT        LOGISTICS, INC.**

**Consolidated        Statements of Income (Operations)**

**(unaudited)**

|                                                                    |   | THREE MONTHS ENDEDSEPTEMBER 30, |       |
|-------------------------------------------------------------------------|--------|------------------------------------------------|------------|
|                                                                    |   | 2008                                           |       | 2007 |   |
|                                                                    |   |                                           |       |   |   |
| Revenue                                                                 |   | $                                              | 32,403,220 |   | $ | 25,557,234 |   |
| Cost                  of transportation                                 |   |                                           | 21,219,498 |   |   | 17,116,375 |   |
| Net                  revenue                                            |   |                                           | 11,183,722 |   |   | 8,440,859 |   |
|                                                                    |   |                                           |       |   |   |   |   |
| Agent                  commissions                                      |   |                                           | 7,553,153  |   |   | 5,851,818 |   |
| Personnel                  costs                                        |   |                                           | 1,613,699  |   |   | 1,546,934 |   |
| Selling,                  general and administrative expenses           |   |                                           | 1,117,033  |   |   | 694,867 |   |
| Depreciation                  and amortization                          |   |                                           | 315,356    |   |   | 239,868 |   |
| Restructuring                  charges                                  |   |                                           | 220,000    |   |   | - |   |
|                    Total operating expenses                        |   |                                           | 10,819,241 |   |   | 8,333,487 |   |
|                                                                    |   |                                           |       |   |   |   |   |
| Income                  from operations                                 |   |                                           | 364,481    |   |   | 107,372 |   |
|                                                                    |   |                                           |       |   |   |   |   |
| Other                  income (expense):                                |   |                                           |       |   |   |   |   |
| Interest                  income                                        |   |                                           | 988        |   |   | 1,200 |   |
| Interest                  expense                                       |   |                                           | (25,697    | ) |   | (25,740 |   |
| Other                                                                   |   |                                           | 53,084     |   |   | (19,743 |   |
| Total                  other income (expense)                           |   |                                           | 28,375     |   |   | (44,283 |   |
|                                                                    |   |                                           |       |   |   |   |   |
| Income                  before income tax benefit and minority interest |   |                                           | 392,856    |   |   | 63,089 |   |
|                                                                    |   |                                           |       |   |   |   |   |
| Income                  tax (expense) benefit                           |   |                                           | (152,659   | ) |   | 7,731 |   |
|                                                                    |   |                                           |       |   |   |   |   |
| Income                  before minority interest                        |   |                                           | 240,197    |   |   | 70,820 |   |
|                                                                    |   |                                           |       |   |   |   |   |
| Minority                  interest                                      |   |                                           | 9,990      |   |   | 17,612 |   |
|                                                                    |   |                                           |       |   |   |   |   |
| Net                  income                                             |   | $                                              | 250,187    |   | $ | 88,432 |   |
|                                                                    |   |                                           |       |   |   |   |   |
| Net                  income per common share – basic         |   | $                                              | .01        |   | $ | - |   |
| Net                  income per common share – diluted       |   | $                                              | .01        |   | $ | - |   |
|                                                                    |   |                                           |       |   |   |   |   |
| Weighted                  average shares outstanding:                   |   |                                           |       |   |   |   |   |
| Basic                  shares                                           |   |                                           | 34,695,166 |   |   | 33,961,639 |   |
| Diluted                  shares                                         |   |                                           | 34,800,257 |   |   | 34,442,963 |   |

----

**RADIANT        LOGISTICS, INC.**

|                                                                 |   | THREE MONTHS ENDED SEPTEMBER 30, |      |
|----------------------------------------------------------------------|--------|------------------------------------------------------|-----------|
|                                                                 |   | 2008                                                 |      | 2007 |   |
| Adjusted EBITDA                                                 |   | $                                                    | 806,322   |   | $ | 427,105 |   |
| Stock                  based compensation and other non-cash charges |   |                                                 | 63,411    |   |   | 81,996 |   |
| EBITDA                                                               |   |                                                 | 742,911   |   |   | 345,109 |   |
|                                                                 |   |                                                 |      |   |   |   |   |
| Depreciation                  and amortization                       |   |                                                 | 315,356   |   |   | 239,868 |   |
| Interest                  expense, net                               |   |                                                 | 24,709    |   |   | 24,540 |   |
| Income                  tax expense                                  |   |                                                 | 152,659   |   |   | (7,731 | ) |
| Net                  income                                          |   |                                                 | 250,187   |   |   | 88,432 |   |
|                                                                 |   |                                                 |      |   |   |   |   |
| ADJUSTMENTS                  TO RECONCILE NET INCOME TO NET CASH     |   |                                                 |      |   |   |   |   |
| PROVIDED                  BY OPERATING ACTIVITIES:                   |   |                                                 |      |   |   |   |   |
| Share                  based compensation                            |   |                                                 | 47,913    |   |   | 61,258 |   |
| Stock                  issued for investor relations services        |   |                                                 | 12,084    |   |   | - |   |
| Amortization                  of intangibles                         |   |                                                 | 217,015   |   |   | 136,840 |   |
| Change                  in deferred taxes                            |   |                                                 | 47,940    |   |   | (46,526 | ) |
| Depreciation                  and amortization of bank fees          |   |                                                 | 101,755   |   |   | 103,028 |   |
| Minority                  interest in (loss) of subsidiaries         |   |                                                 | (9,990    | ) |   | (17,612 | ) |
| Provision                  for doubtful accounts                     |   |                                                 | 95,414    |   |   | 26,265 |   |
|                                                                 |   |                                                 |      |   |   |   |   |
| CHANGE                  IN OPERATING ASSETS AND LIABILITIES:         |   |                                                 |      |   |   |   |   |
| Accounts                  receivable                                 |   |                                                 | (163,920  | ) |   | (2,466,357 | ) |
| Employee                  receivable and other receivables           |   |                                                 | (40,236   | ) |   | 1,984 |   |
| Prepaid                  expenses and other current assets           |   |                                                 | 152,605   |   |   | (574,099 | ) |
| Accounts                  payable & accrued transportation costs |   |                                                 | 913,584   |   |   | 328,866 |   |
| Commissions                  payable                                 |   |                                                 | 69,644    |   |   | 86,883 |   |
| Other                  accrued costs                                 |   |                                                 | 230,424   |   |   | (102,823 | ) |
| Income                  taxes payable                                |   |                                                 | (413,114  | ) |   | (107,580 | ) |
| Income                  tax deposits                                 |   |                                                 | (433,417  | ) |   | - |   |
| Total                  adjustments                                   |   |                                                 | 827,701   |   |   | (2,569,873 | ) |
|                                                                 |   |                                                 |      |   |   |   |   |
| Net                  cash provided (used) by operating activities    |   | $                                                    | 1,077,888 |   | $ | (2,481,441 | ) |

----