|  | Exhibit 99.1 |
|--|--------------|

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

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| (Amounts in 000’s)                            |   | THREE MONTHS ENDEDSEPTEMBER 30, |   |
|-----------------------------------------------------|--------|---------------------------------|--------|
|                                                |   | 2011                            |   |   | 2010 |   |
| Net income                                          |   | $                               | 655    |   |   | $ | 783 |   |
|                                                |   |                            |   |   |   |   |   |   |
| Interest expense – net                        |   |                            | 88     |   |   |   | 36 |   |
| Income tax expense                                  |   |                            | 401    |   |   |   | 506 |   |
| Depreciation and amortization                       |   |                            | 390    |   |   |   | 325 |   |
|                                                |   |                            |   |   |   |   |   |   |
| EBITDA                                              |   |                            | 1,534  |   |   |   | 1,650 |   |
| Stock-based compensation and other non-cash charges |   |                            | 24     |   |   |   | 59 |   |
| Transaction related costs                           |   |                            | 69     |   |   |   | - |   |
| Severance costs                                     |   |                            | 12     |   |   |   | - |   |
|                                                |   |                            |   |   |   |   |   |   |
| Adjusted EBITDA (1)                                 |   | $                               | 1,639  |   |   | $ | 1,709 |   |
|                                                |   |                            |   |   |   |   |   |   |

| (1)   | Excluding the $283,000 in non-recurring transition costs associated with the Company’s acquisition of DBA and $231,000 in non-recurring legal costs, the Company’s adjusted EBITDA for the three months ended September 30, 2011 would have been $2,153,000. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                                                                                                                                                       |   | September 30,2011 |       |   | June 30, 2011 |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|------------|--------|---------------|--------|
| ASSETS                                                                                                                                                |   |              |       |   |          |   |
| Current assets -                                                                                                                                           |   |              |       |   |          |   |
| Cash and cash equivalents                                                                                                                                  |   | $                 | 504,604    |   |          | $      | 434,185 |   |
| Accounts receivable, net of allowance                                                                                                                      |   |              |       |   |          |   |   |   |
|          of $1,742,821 and $1,592,235 respectively                                                            |   |              | 42,571,275 |   |          |   | 41,577,053 |   |
| Current portion of employee loan receivable                                                                                                                |   |              | 33,643     |   |          |   | 21,401 |   |
| Current portion of station and other receivables                                                                                                           |   |              | 78,995     |   |          |   | 141,372 |   |
| Income tax deposit                                                                                                                                         |   |              | 510,583    |   |          |   | - |   |
| Prepaid expenses and other current assets                                                                                                                  |   |              | 3,139,478  |   |          |   | 1,761,273 |   |
| Deferred tax asset                                                                                                                                         |   |              | 1,151,065  |   |          |   | 1,142,077 |   |
| Total current assets                                                                                                                                       |   |              | 47,989,643 |   |          |   | 45,077,361 |   |
|                                                                                                                                                       |   |              |       |   |          |   |   |   |
| Furniture and equipment, net                                                                                                                               |   |              | 1,627,573  |   |          |   | 1,428,063 |   |
|                                                                                                                                                       |   |              |       |   |          |   |   |   |
| Acquired intangibles, net                                                                                                                                  |   |              | 2,589,091  |   |          |   | 2,879,846 |   |
| Goodwill                                                                                                                                                   |   |              | 6,650,008  |   |          |   | 6,650,008 |   |
| Employee loan receivable, net of current portion                                                                                                           |   |              | 99,878     |   |          |   | 64,494 |   |
| Station and other receivables, net of current portion                                                                                                      |   |              | 105,159    |   |          |   | 116,965 |   |
| Investment in real estate                                                                                                                                  |   |              | 40,000     |   |          |   | 40,000 |   |
| Deposits and other assets                                                                                                                                  |   |              | 355,753    |   |          |   | 363,815 |   |
| Total long term assets                                                                                                                                     |   |              | 9,839,889  |   |          |   | 10,115,128 |   |
| Total assets                                                                                                                                               |   | $                 | 59,457,105 |   |          | $      | 56,620,552 |   |
|                                                                                                                                                       |   |              |       |   |          |   |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY                                                                                                                       |   |              |       |   |          |   |   |   |
| Current liabilities -                                                                                                                                      |   |              |       |   |          |   |   |   |
| Accounts payable and accrued transportation costs                                                                                                          |   | $                 | 30,494,315 |   |          | $      | 27,872,185 |   |
| Commissions payable                                                                                                                                        |   |              | 3,610,619  |   |          |   | 3,570,858 |   |
| Other accrued costs                                                                                                                                        |   |              | 1,888,484  |   |          |   | 1,992,694 |   |
| Income taxes payable                                                                                                                                       |   |              | -          |   |          |   | 333,999 |   |
| Due to former shareholders of acquired operations                                                                                                          |   |              | 2,142,256  |   |          |   | 2,657,781 |   |
| Current portion of notes payable to former shareholders of DBA                                                                                             |   |              | 767,092    |   |          |   | 800,000 |   |
| Other current liabilities                                                                                                                                  |   |              | 136,775    |   |          |   | 135,927 |   |
| Total current liabilities                                                                                                                                  |   |              | 39,039,541 |   |          |   | 37,363,444 |   |
|                                                                                                                                                       |   |              |       |   |          |   |   |   |
| Other long term debt                                                                                                                                       |   |              | 10,928,272 |   |          |   | 10,269,268 |   |
| Notes payable to former shareholders of DBA, net of current portion                                                                                        |   |              | 1,534,183  |   |          |   | 1,600,000 |   |
| Deferred rent liability                                                                                                                                    |   |              | 630,468    |   |          |   | 631,630 |   |
| Deferred tax liability                                                                                                                                     |   |              | 343,151    |   |          |   | 485,907 |   |
| Other long-term liabilities                                                                                                                                |   |              | 104,806    |   |          |   | 120,571 |   |
| Total long term liabilities                                                                                                                                |   |              | 13,540,880 |   |          |   | 13,107,376 |   |
| Total liabilities                                                                                                                                          |   |              | 52,580,421 |   |          |   | 50,470,820 |   |
|                                                                                                                                                       |   |              |       |   |          |   |   |   |
| 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: 31,676,438 shares at September 30, 2011 and June 30, 2011 |   |              | 18,051     |   |          |   | 18,051 |   |
| Additional paid-in capital                                                                                                                                 |   |              | 11,084,945 |   |          |   | 11,060,701 |   |
| Treasury stock, at cost, 4,919,239 shares at September 30, 2011 and June 30, 2011                                                                          |   |              | (1,407,455 | )      |          |   | (1,407,455 | ) |
| Retained deficit                                                                                                                                           |   |              | (2,960,295 | )      |          |   | (3,615,322 | ) |
| Total Radiant Logistics, Inc. stockholders’ equity                                                                                                   |   |              | 6,735,246  |   |          |   | 6,055,975 |   |
|          Non-controlling interest                                                                             |   |              | 141,438    |   |          |   | 93,757 |   |
| Total stockholders’ equity                                                                                                                           |   |              | 6,876,684  |   |          |   | 6,149,732 |   |
| Total liabilities and stockholders’ equity                                                                                                           |   | $                 | 59,457,105 |   |          | $      | 56,620,552 |   |

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|                                                      |   | THREE MONTHS ENDED |       |
|-----------------------------------------------------------|--------|--------------------|------------|
|                                                      |   | SEPTEMBER 30,      |       |
|                                                      |   | 2011               |       |   | 2010 |   |
|                                                      |   |               |       |   |   |   |
| Revenue                                                   |   | $                  | 71,833,044 |   |   | $ | 46,361,057 |   |
| Cost of transportation                                    |   |               | 50,594,124 |   |   |   | 32,242,361 |   |
| Net revenues                                              |   |               | 21,238,920 |   |   |   | 14,118,696 |   |
|                                                      |   |               |       |   |   |   |   |   |
|                                                      |   |               |       |   |   |   |   |   |
| Agent commissions                                         |   |               | 13,892,425 |   |   |   | 9,832,460 |   |
| Personnel costs                                           |   |               | 2,893,738  |   |   |   | 1,557,160 |   |
| Selling, general and administrative expenses              |   |               | 2,661,126  |   |   |   | 1,063,282 |   |
| Transition costs associated with DBA acquisition          |   |               | 282,636    |   |   |   | - |   |
| Depreciation and amortization                             |   |               | 390,393    |   |   |   | 325,258 |   |
| Total operating expenses                                  |   |               | 20,120,318 |   |   |   | 12,778,160 |   |
|                                                      |   |               |       |   |   |   |   |   |
| Income from operations                                    |   |               | 1,118,602  |   |   |   | 1,340,536 |   |
|                                                      |   |               |       |   |   |   |   |   |
|                                                      |   |               |       |   |   |   |   |   |
| Other income (expense):                                   |   |               |       |   |   |   |   |   |
| Interest income                                           |   |               | 4,934      |   |   |   | 5,809 |   |
| Interest expense                                          |   |               | (92,088    | ) |   |   | (42,242 | ) |
| Other                                                     |   |               | 72,729     |   |   |   | 26,286 |   |
| Total other income (expense)                              |   |               | (14,425    | ) |   |   | (10,147 | ) |
|                                                      |   |               |       |   |   |   |   |   |
| Income before income tax expense                          |   |               | 1,104,177  |   |   |   | 1,330,389 |   |
|                                                      |   |               |       |   |   |   |   |   |
|                                                      |   |               |       |   |   |   |   |   |
| Income tax expense                                        |   |               | (401,469   | ) |   |   | (505,543 | ) |
|                                                      |   |               |       |   |   |   |   |   |
| Net income                                                |   |               | 702,708    |   |   |   | 824,846 |   |
|                                                      |   |               |       |   |   |   |   |   |
|                                                      |   |               |       |   |   |   |   |   |
| Less: Net income attributable to non-controlling interest |   |               | (47,681    | ) |   |   | (41,903 | ) |
|                                                      |   |               |       |   |   |   |   |   |
| Net income attributable to Radiant Logistics, Inc.        |   | $                  | 655,027    |   |   | $ | 782,943 |   |
|                                                      |   |               |       |   |   |   |   |   |
| Net income per common share – basic                 |   | $                  | 0.02       |   |   | $ | 0.03 |   |
| Net income per common share – diluted               |   | $                  | 0.02       |   |   | $ | 0.03 |   |
|                                                      |   |               |       |   |   |   |   |   |
| Weighted average shares outstanding:                      |   |               |       |   |   |   |   |   |
| Basic shares                                              |   |               | 31,676,438 |   |   |   | 30,471,061 |   |
| Diluted shares                                            |   |               | 34,609,965 |   |   |   | 30,723,861 |   |

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|                                                                              |   | THREE MONTHS ENDED |       |
|-----------------------------------------------------------------------------------|--------|--------------------|------------|
|                                                                              |   | SEPTEMBER 30,      |       |
|                                                                              |   | 2011               |       |   | 2010 |   |
|                                                                              |   |               |       |   |   |   |
| Adjusted EBITDA                                                                   |   | $                  | 1,639,024  |   |   | $ | 1,708,980 |   |
| Transaction and severance costs                                                   |   |               | (80,737    | ) |   |   | - |   |
| Stock-based compensation and other non-cash charges                               |   |               | (24,244    | ) |   |   | (58,803 | ) |
|                                                                              |   |               |       |   |   |   |   |   |
| EBITDA                                                                            |   |               | 1,534,043  |   |   |   | 1,650,177 |   |
|                                                                              |   |               |       |   |   |   |   |   |
| Depreciation and amortization                                                     |   |               | (390,393   | ) |   |   | (325,258 | ) |
| Interest expense, net                                                             |   |               | (87,154    | ) |   |   | (36,433 | ) |
| Income tax expense                                                                |   |               | (401,469   | ) |   |   | (505,543 | ) |
| Net income                                                                        |   |               | 655,027    |   |   |   | 782,943 |   |
|                                                                              |   |               |       |   |   |   |   |   |
| ADJUSTMENTS TO RECONCILE NET INCOME TO NET CASH PROVIDED BY OPERATING ACTIVITIES: |   |               |       |   |   |   |   |   |
| Non-cash compensation expense (stock options)                                     |   |               | 24,244     |   |   |   | 54,939 |   |
| Amortization of intangibles                                                       |   |               | 290,755    |   |   |   | 245,383 |   |
| Deferred income tax benefit                                                       |   |               | (151,744   | ) |   |   | (118,439 | ) |
| Depreciation and leasehold amortization                                           |   |               | 99,638     |   |   |   | 79,875 |   |
| Change in non-controlling interest                                                |   |               | 47,681     |   |   |   | 41,903 |   |
| Provision for (recovery of) doubtful accounts                                     |   |               | 150,586    |   |   |   | (26,283 | ) |
|                                                                              |   |               |       |   |   |   |   |   |
| CHANGE IN OPERATING ASSETS AND LIABILITIES:                                       |   |               |       |   |   |   |   |   |
| Accounts receivable                                                               |   |               | (1,144,808 | ) |   |   | (2,301,857 | ) |
| Employee loan receivables                                                         |   |               | (47,626    | ) |   |   | (500 | ) |
| Station and other receivables                                                     |   |               | 74,183     |   |   |   | 77,888 |   |
| Income tax deposit                                                                |   |               | (510,583   | ) |   |   | - |   |
| Prepaid expenses, deposits and other assets                                       |   |               | (1,370,143 | ) |   |   | (20,665 | ) |
| Accounts payable & accrued transportation costs                               |   |               | 2,622,130  |   |   |   | 946,407 |   |
| Commissions payable                                                               |   |               | 39,761     |   |   |   | 561,510 |   |
| Other accrued costs                                                               |   |               | (104,210   | ) |   |   | 122,481 |   |
| Income taxes payable                                                              |   |               | (333,999   | ) |   |   | 231,781 |   |
| Deferred rent liability                                                           |   |               | (1,162     | ) |   |   | - |   |
| Other long-term liabilities                                                       |   |               | (14,917    | ) |   |   | 48,060 |   |
| Total adjustments                                                                 |   |               | (330,214   | ) |   |   | (57,517 | ) |
|                                                                              |   |               |       |   |   |   |   |   |
| Net cash provided by  for operating  activities               |   | $                  | 324,813    |   |   | $ | 725,426 |   |

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