Contact:  Bohn
      H.
      Crain


Chief
      Executive Officer


Radiant
      Logistics, Inc.


(425)
      943-4599








**RADIANT
      POSTS REVENUES OF $11.8 MILLION IN ITS FIRST QUARTER OF LOGISTICS OPERATIONS
      AND
      POSITIONS FOR FUTURE GROWTH**





**Results
      of Operation Updated in conjunction with Company’s Quarterly Report on Form
      10-Q**


**________________________________________________________________________**





BELLEVUE,
      WA, May 15, 2006 - Radiant Logistics, Inc. (OTC BB: RLGT), a domestic and
      international logistics services company today updated its results for the
      period ended March 31, 2006, the Company’s first quarter of logistics
      operations.





For
      the
      first quarter of 2006, Radiant reported a net loss of $27,110 on $11.8 million
      of revenues. For the first quarter of 2005, when it remained in the development
      stage, the Company reported no revenues and a net loss of $14,330.





The
      Company also reported adjusted EBITDA (earnings before interest, taxes,
      depreciation amortization) of $122,000 for the quarter ended March 31, 2006
      compared to an adjusted EBITDA loss of $13,830 for the comparable prior year
      period. A reconciliation of our adjusted EBITDA to the most directly comparable
      GAAP measure appears at the end of this release.





Radiant
      completed its platform acquisition effective January 1, 2006, when it purchased
      Airgroup Corporation (“Airgroup”), a Seattle, Washington-based, privately held
      company providing
      a full range of domestic and international freight forwarding services. Founded
      in 1987, Airgroup services a diversified account base including manufacturers,
      distributors and retailers using a network of independent carriers and over
      100
      international agents positioned strategically around the world through its
      extensive network of 34 exclusive agent offices across North
      America.





The
      Company has also provided additional prior period analysis within its Form
      10-Q
      for the quarter ended March 31, 2006, using pro forma results of operations
      presented as if Radiant had acquired Airgroup as of January 1,
      2005.








“Radiant
      posted a solid $11.8 million in revenue in the first quarter of 2006 which
      we
      plan to build upon in future quarters through a combination of organic and
      acquisition initiatives,” said Bohn H. Crain, Chairman and CEO. “Leveraging the
      people, process, technology and network that we enjoy as a result of our
      acquisition of Airgroup remains central to our strategy to drive profitable
      growth. We intend to spend the first half of 2006 fine tuning our back-office
      operations to support our anticipated future growth. Over the second half of
      2006, we intend to work on accelerating our organic growth rates by (1)
      expanding Airgroup’s existing network of exclusive agent offices and (2)
      launching a national accounts sales initiative to drive additional business
      across the platform. On the acquisition front, we remain focused on expanding
      our international services and have a pipeline of potential acquisition
      candidates that could significantly enhance our global logistics capabilities.
      We look forward to providing updates as these strategic initiatives
      develop.”





Supplemental
      Pro Forma Information





We
      believe that supplemental disclosure of our adjusted EBITDA, or earnings before
      interest, taxes, depreciation and amortization adjusted for stock option and
      other non-cash costs is a useful measure for investors because it eliminates
      the
      effect of certain non-cash costs and provides an important metric for our
      business. A reconciliation of adjusted EBITDA amounts to the most directly
      comparable GAAP measure for the three months ended March 31, 2006 and 2005
      is
      shown below:





Three
                months ended March 31,2006
            
            2005Net
                loss
            
            $
            (27,110
            )
            $
            (14,330
            )Depreciation
                and amortization
            
            
            206,103
            
            
            -Interest
                expense, net
            
            
            1,858
            
            
            (500
            )Income
                tax expense (benefit)
            
            
            (101,645
            )
            
            -EBITDA
            
            
            79,206
            
            
            (13,830
            )Stock
                option and other non-cash costs
            
            
            42,810
            
            
            -Adjusted
                EBITDA
            
            $
            122,016
            
            $
            (13,830
            )





This
      supplemental pro forma financial information is presented for informational
      purposes only and is not a substitute for the historical financial information
      presented in accordance with accounting principles generally accepted in the
      United States.








About
      Radiant Logistics (OTC BB: RLGT)


Radiant
      Logistics ( www.radiant-logistics.com )
      is
      executing a strategy to build
      a
      global transportation and supply chain management company through the strategic
      acquisition of regional best-of-breed non-asset based transportation and
      logistics providers
      to offer its customers domestic and international freight forwarding and an
      expanding array of value added supply chain management services, including
      order
      fulfillment, inventory management and warehousing.


For
      more
      information about Radiant Logistics, please contact Bohn Crain at (425)
      943-4599.





*The
      results of operations reported within this press release are intended to update
      and supercede any such results reported within the Company’s press release dated
      May 15, 2006, as the information reported within this release conforms to the
      Company’s Form 10-Q for the quarter ended March 31, 2006.*





*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. 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 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. While
      it
      is impossible to identify all of the factors that may cause our actual operating
      performance, events, trends or plans to differ materially from those set forth
      in such forward looking statements, such factors include, but are not limited
      to: (i) our assumption that the post-closing level of operations of Airgroup
      will remain consistent with or exceed its historic level of operations; (ii)
      our
      ability to use Airgroup as a “platform” upon which we can build a profitable
      global transportation and supply-chain management company;(iii) our ability
      to
      identify and secure sufficient financing to complete other acquisitions, as
      well
      as those other factors disclosed in our filings with 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 statement to reflect events
      or
      circumstances occurring after the date hereof.*