**RADIANT      **
**LOGISTICS**

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

**RADIANT      LOGISTICS ANNOUNCES RESULTS FOR FOURTH QUARTER AND **

**FISCAL      YEAR ENDED JUNE 30, 2008 **

**Double-Digit      Growth Continues with Record Revenues of $100.2 Million**

**Up      $24.7 Million and 32.7% Over Prior Year**

**Projected      Earnings Expected to More Than Double**

**To      $4.0 Million in Adjusted EBITDA on $160.0 Million in Revenues**

**________________________________________________________________________**

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***Historical      Results***

| *(Amounts                in 000’s)*                                              |   | THREE                MONTHS ENDEDJune                30 |   | FISCAL                YEAR ENDEDJUNE                30, |   |
|----------------------------------------------------------------------------------------|--------|---------------------------------------------------------|--------|---------------------------------------------------------|--------|
|                                                                                   |   | 2008                                                    |   | 2007                                                    |   | 2008 |   | 2007  |   |
| Net                income (loss)                                                       |   | $                                                       | (86    | )                                                       | $      | (86 | ) | $ | 1,413 |   | $ | 163 |   |
|                                                                                   |   |                                                    |   |                                                    |   |   |   |   |   |   |   |   |   |
|                                                                                   |   |                                                    |   |                                                    |   |   |   |   |   |   |   |   |   |
| Interest                expense (income) - net                                         |   |                                                    | 19     |                                                    |   | (3 | ) |   | 117 |   |   | 6 |   |
| Income                tax expense                                                      |   |                                                    | 135    |                                                    |   | 138 |   |   | 908 |   |   | 156 |   |
| Depreciation                and amortization                                           |   |                                                    | 240    |                                                    |   | 230 |   |   | 964 |   |   | 830 |   |
|                                                                                   |   |                                                    |   |                                                    |   |   |   |   |   |   |   |   |   |
| EBITDA                                                                                 |   |                                                    | 308    |                                                    |   | 279 |   |   | 3,402 |   |   | 1,155 |   |
| Stock-based                compensation and other non-cash charges                     |   |                                                    | 84     |                                                    |   | 68 |   |   | 330 |   |   | 257 |   |
| Change                in estimate of liabilities assumed in Airgroup acquisition  |   |                                                    | -      |                                                    |   | - |   |   | (1,431 | ) |   | - |   |
| Tax                indemnity                                                           |   |                                                    | -      |                                                    |   | - |   |   | (487 | ) |   | - |   |
|                                                                                   |   |                                                    |   |                                                    |   |   |   |   |   |   |   |   |   |
|                  Adjusted EBITDA                                                  |   | $                                                       | 392    |                                                    | $      | 347 |   | $ | 1,814 |   | $ | 1,412 |   |

***Financial      Outlook with Benefit of the Acquisition of Adcom***

| *(Amounts                in 000’s)*                          |   |      |   |
|--------------------------------------------------------------------|--------|-----------|--------|
|                                                               |   | Projected |   |
|                                                               |   |      |   |
| Net                income                                          |   | $         | 1,100  |   |
|                                                               |   |      |   |   |
| Interest                expense - net                              |   |      | 400    |   |
| Income                tax expense                                  |   |      | 750    |   |
| Depreciation                and amortization                       |   |      | 1,500  |   |
|                                                               |   |      |   |   |
| EBITDA                                                             |   |      | 3,750  |   |
| Stock-based                compensation and other non-cash charges |   |      | 250    |   |
|                                                               |   |      |   |   |
|                                                               |   |      |   |   |
|                  Adjusted EBITDA                              |   | $         | 4,000  |   |
|                                                               |   |      |   |   |

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*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.*

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**RADIANT      LOGISTICS, INC.**

**Consolidated        Balance Sheets**

**(UNAUDITED**
**)**

|                                                                                                                                                                          |   |  June                  30, |       |  June                  30, |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------|------------|---------------------------------|--------|
|                                                                                                                                                                          |   |  2008                      |       | 2007                            |   |
| ASSETS                                                                                                                                                                   |   |                       |       |                       |   |
| Current                  assets -                                                                                                                                             |   |                       |       |                       |   |
| Cash                  and cash equivalents                                                                                                                                    |   | $                               | 392,223    |                            | $      | 719,575 |   |
| Accounts                  receivable, net of allowance                                                                                                                        |   |                            |       |                            |   |   |   |
| June                  30, 2008 - $513,479; June, 30 2007 - $259,960                                                                                                           |   |                            | 14,404,002 |                            |   | 15,062,910 |   |
| Current                  portion of employee loan receivables and other receivables                                                                                           |   |                            | 68,367     |                            |   | 42,800 |   |
| Prepaid                  expenses and other current assets                                                                                                                    |   |                            | 425,657    |                            |   | 59,328 |   |
| Deferred                  tax asset                                                                                                                                           |   |                            | 292,088    |                            |   | 234,656 |   |
| Total                  current assets                                                                                                                                         |   |                            | 15,582,337 |                            |   | 16,119,269 |   |
|                                                                                                                                                                          |   |                            |       |                            |   |   |   |
| Furniture                  and equipment, net                                                                                                                                 |   |                            | 717,542    |                            |   | 844,919 |   |
|                                                                                                                                                                          |   |                            |       |                            |   |   |   |
| Acquired                  intangibles, net                                                                                                                                    |   |                            | 1,242,413  |                            |   | 1,789,773 |   |
| Goodwill                                                                                                                                                                      |   |                            | 7,824,654  |                            |   | 5,532,223 |   |
| Employee                  loan receivable                                                                                                                                     |   |                            | 40,000     |                            |   | 80,000 |   |
| Investment                  in real estate                                                                                                                                    |   |                            | 40,000     |                            |   | 40,000 |   |
| Deposits                  and other assets                                                                                                                                    |   |                            | 131,496    |                            |   | 618,153 |   |
| Minority                  interest                                                                                                                                            |   |                            | 24,784     |                            |   | - |   |
| Total                  long term assets                                                                                                                                       |   |                            | 9,303,347  |                            |   | 8,060,149 |   |
|                                                                                                                                                                          |   | $                               | 25,603,226 |                            | $      | 25,024,337 |   |
|                                                                                                                                                                          |   |                            |       |                            |   |   |   |
| LIABILITIES                  AND STOCKHOLDERS' EQUITY                                                                                                                         |   |                            |       |                            |   |   |   |
| Current                  liabilities -                                                                                                                                        |   |                            |       |                            |   |   |   |
| Notes                  payable - current portion of long term debt                                                                                                            |   |                            | 113,306    |                            |   | 800,000 |   |
| Accounts                  payable and accrued transportation costs                                                                                                            |   |                            | 9,914,831  |                            |   | 13,270,756 |   |
| Commissions                  payable                                                                                                                                          |   |                            | 1,136,859  |                            |   | 700,020 |   |
| Other                  accrued costs                                                                                                                                          |   |                            | 221,808    |                            |   | 344,305 |   |
| Income                  taxes payable                                                                                                                                         |   |                            | 498,142    |                            |   | 224,696 |   |
| Total                  current liabilities                                                                                                                                    |   |                            | 11,884,946 |                            |   | 15,339,777 |   |
|                                                                                                                                                                          |   |                            |       |                            |   |   |   |
| Long                  term debt                                                                                                                                               |   |                            | 4,272,032  |                            |   | 1,974,214 |   |
| Deferred                  tax liability                                                                                                                                       |   |                            | 422,419    |                            |   | 608,523 |   |
| Total                  long term liabilities                                                                                                                                  |   |                            | 4,694,451  |                            |   | 2,582,737 |   |
| Total                  liabilities                                                                                                                                            |   |                            | 16,579,397 |                            |   | 17,922,514 |   |
|                                                                                                                                                                          |   |                            |       |                            |   |   |   |
| Commitments                  & contingencies                                                                                                                              |   |                            | -          |                            |   | - |   |
| Minority                  interest                                                                                                                                            |   |                            | -          |                            |   | 57,482 |   |
|                                                                                                                                                                          |   |                            |       |                            |   |   |   |
| 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. Issuedand                  outstanding: June 30, 2008 - 34,660,293; June 30, 2007 - 33,961,639 |   |                            | 16,116     |                            |   | 15,417 |   |
| Additional                  paid-in capital                                                                                                                                   |   |                            | 7,703,658  |                            |   | 7,137,774 |   |
| Retained                  earnings (deficit)                                                                                                                                  |   |                            | 1,304,055  |                            |   | (108,850 | ) |
| Total                  stockholders’ equity                                                                                                                             |   |                            | 9,023,829  |                            |   | 7,044,341 |   |
|                                                                                                                                                                          |   | $                               | 25,603,226 |                            | $      | 25,024,337 |   |

 

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**RADIANT        LOGISTICS, INC.**

**Consolidated        Statements of Income (Operations)**

**(unaudited)**

|                                                                    |   | THREE                  MONTHS   |       | YEAR                            |   | YEAR                            |   |
|-------------------------------------------------------------------------|--------|---------------------------------|------------|---------------------------------|--------|---------------------------------|--------|
|                                                                    |   | ENDED                  JUNE 30, |       | ENDED                  JUNE 30, |   | ENDED                  JUNE 30, |   |
|                                                                    |   | 2008                            |       | 2007                            |   | 2008                            |   | 2007 |   |
|                                                                    |   |                            |       |                       |   |                       |   |    |   |
| Revenue                                                                 |   | $                               | 25,770,386 |                            | $      | 23,371,733                      |   | $ | 100,201,795 |   | $ | 75,526,788 |   |
| Cost                  of transportation                                 |   |                            | 16,280,521 |                            |   | 15,455,623                      |   |   | 64,373,545 |   |   | 48,812,662 |   |
| Net                  revenues                                           |   |                            | 9,489,865  |                            |   | 7,916,110                       |   |   | 35,828,250 |   |   | 26,714,126 |   |
|                                                                    |   |                            |       |                            |   |                            |   |   |   |   |   |   |   |
| Agent                  commissions                                      |   |                            | 6,592,704  |                            |   | 5,657,820                       |   |   | 25,210,068 |   |   | 20,047,536 |   |
| Personnel                  costs                                        |   |                            | 1,466,906  |                            |   | 1,168,822                       |   |   | 5,303,612 |   |   | 2,916,073 |   |
| Selling,                  general and administrative expenses           |   |                            | 1,097,496  |                            |   | 746,757                         |   |   | 3,801,085 |   |   | 2,507,317 |   |
| Depreciation                  and amortization                          |   |                            | 243,489    |                            |   | 230,191                         |   |   | 963,913 |   |   | 830,486 |   |
| Total                  operating expenses                               |   |                            | 9,400,595  |                            |   | 7,803,590                       |   |   | 35,278,678 |   |   | 26,301,412 |   |
|                                                                    |   |                            |       |                            |   |                            |   |   |   |   |   |   |   |
| Income                  from operations                                 |   |                            | 89,270     |                            |   | 112,520                         |   |   | 549,572 |   |   | 412,714 |   |
|                                                                    |   |                            |       |                            |   |                            |   |   |   |   |   |   |   |
| Other                  income (expense):                                |   |                            |       |                            |   |                            |   |   |   |   |   |   |   |
| Interest                  income                                        |   |                            | 915        |                            |   | 9,470                           |   |   | 4,115 |   |   | 16,272 |   |
| Interest                  expense                                       |   |                            | (20,354    | )                               |   | (6,366                          | )      |   | (121,399 | ) |   | (22,215 | ) |
| Other                                                                   |   |                            | (43,964    | )                               |   | (18,218                         | )      |   | 1,819,634 |   |   | (42,686 | ) |
| Total                  other (expense)                                  |   |                            | (63,403    | )                               |   | (15,114                         | )      |   | 1,702,350 |   |   | (48,629 | ) |
|                                                                    |   |                            |       |                            |   |                            |   |   |   |   |   |   |   |
| Income                  before income tax benefit and minority interest |   |                            | 25,867     |                            |   | 97,406                          |   |   | 2,251,922 |   |   | 364,085 |   |
|                                                                    |   |                            |       |                            |   |                            |   |   |   |   |   |   |   |
| Income                  tax expense                                     |   |                            | (135,369   | )                               |   | (137,542                        | )      |   | (907,748 | ) |   | (155,867 | ) |
|                                                                    |   |                            |       |                            |   |                            |   |   |   |   |   |   |   |
| Income                  (loss) before minority interest                 |   |                            | (109,502   | )                               |   | (40,136                         | )      |   | 1,344,174 |   |   | 208,218 |   |
|                                                                    |   |                            |       |                            |   |                            |   |   |   |   |   |   |   |
| Minority                  interest                                      |   |                            | 23,089     |                            |   | (45,464                         | )      |   | 68,731 |   |   | (45,482 | ) |
|                                                                    |   |                            |       |                            |   |                            |   |   |   |   |   |   |   |
| Net                  income (loss)                                      |   | $                               | (86,413    | )                               | $      | (85,600                         | )      | $ | 1,412,905 |   | $ | 162,736 |   |
|                                                                    |   |                            |       |                            |   |                            |   |   |   |   |   |   |   |
| Net                  income (loss) per common share - basic             |   | $                               | -          |                            | $      | -                               |   | $ | .04 |   | $ | - |   |
| Net                  income (loss) per common share - diluted           |   | $                               | -          |                            | $      | -                               |   | $ | .04 |   | $ | - |   |
|                                                                    |   |                            |       |                            |   |                            |   |   |   |   |   |   |   |
| Weighted                  average shares outstanding:                   |   |                            |       |                            |   |                            |   |   |   |   |   |   |   |
| Basic                  shares                                           |   |                            | 34,473,233 |                            |   | 33,961,639                      |   |   | 34,126,972 |   |   | 33,882,872 |   |
| Diluted                  share                                          |   |                            | 34,615,590 |                            |   | 34,209,915                      |   |   | 34,358,746 |   |   | 34,324,736 |   |

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**RADIANT        LOGISTICS, INC.**

|                                                                    |   | THREE                  MONTHS ENDED |     | YEAR                            |   | YEAR                            |   |
|-------------------------------------------------------------------------|--------|-------------------------------------|----------|---------------------------------|--------|---------------------------------|--------|
|                                                                    |   | JUNE                  30,           |     | ENDED                  JUNE 30, |   | ENDED                  JUNE 30, |   |
|                                                                    |   | 2008                                |     | 2007                            |   |  2008                      |   |  2007 |   |
| Adjusted                  EBITDA                                        |   | $                                   | 391,881  |                            | $      | 347,428                         |   | $ | 1,813,340 |   | $ | 1,412,213 |   |
| Stock-based                  compensation and other non-cash charges    |   |                                | 83,745   |                            |   | 68,402                          |   |   | 329,636 |   |   | 257,181 |   |
| EBITDA                                                                  |   |                                | 308,136  |                            |   | 279,026                         |   |   | 1,483,704 |   |   | 1,155,032 |   |
|                                                                    |   |                                |     |                            |   |                            |   |   |   |   |   |   |   |
| Change                  in estimate of liabilities                      |   |                                | -        |                            |   | -                               |   |   | (1,431,452 | ) |   | - |   |
| Tax                  indemnity                                          |   |                                | -        |                            |   | -                               |   |   | (486,694 | ) |   | - |   |
| Depreciation                  and amortization                          |   |                                | 239,742  |                            |   | 230,190                         |   |   | 963,913 |   |   | 830,486 |   |
| Interest                  (income) expense, net                         |   |                                | 19,439   |                            |   | (3,104                          | )      |   | 117,284 |   |   | 5,943 |   |
| Income                  tax expense (benefit)                           |   |                                | 135,369  |                            |   | 137,540                         |   |   | 907,748 |   |   | 155,867 |   |
| Net                  income (loss)                                      |   |                                | (86,414  | )                               |   | (85,600                         | )      |   | 1,412,905 |   |   | 162,736 |   |
|                                                                    |   |                                |     |                            |   |                            |   |   |   |   |   |   |   |
| ADJUSTMENTS                  TO RECONCILE NET INCOME (LOSS) TO NET CASH |   |                                |     |                            |   |                            |   |   |   |   |   |   |   |
| PROVIDED                  BY OPERATING ACTIVITIES:                      |   |                                |     |                            |   |                            |   |   |   |   |   |   |   |
| Non-cash                  issuance of common stock (services)           |   |                                | 148,487  |                            |   | -                               |   |   | 148,487 |   |   | - |   |
| Non-cash                  compensation expense (stock options)          |   |                                | 53,678   |                            |   | 52,393                          |   |   | 204,062 |   |   | 194,269 |   |
| Amortization                  of intangibles                            |   |                                | 136,840  |                            |   | 152,956                         |   |   | 547,360 |   |   | 611,827 |   |
| Depreciation                                                            |   |                                | 102,902  |                            |   | 77,234                          |   |   | 396,557 |   |   | 230,046 |   |
| Minority                  interest in income (loss) of subsidiaries     |   |                                | (36,624  | )                               |   | 45,465                          |   |   | (68,731 | ) |   | 45,482 |   |
| Deferred                  income tax benefit                            |   |                                | 513,428  |                            |   | 14,142                          |   |   | (243,536 | ) |   | (165,260 | ) |
| Provision                  for doubtful accounts                        |   |                                | (128,014 | )                               |   | 33,761                          |   |   | 253,519 |   |   | 57,130 |   |
| Change                  in fair value of accounts receivable            |   |                                | -        |                            |   | -                               |   |   | - |   |   | (6,127 | ) |
| Change                  in estimated accrued transportation costs       |   |                                | -        |                            |   |                            |   |   | (1,431,452 | ) |   |   |   |
| Income                  tax indemnity                                   |   |                                | -        |                            |   |                            |   |   | (486,694 | ) |   |   |   |
|                                                                    |   |                                |     |                            |   |                            |   |   |   |   |   |   |   |
| CHANGE                  IN OPERATING ASSETS AND LIABILITIES:            |   |                                |     |                            |   |                            |   |   |   |   |   |   |   |
| Accounts                  receivable                                    |   |                                | (739,847 | )                               |   | (3,449,239                      | )      |   | 405,389 |   |   | (6,632,141 | ) |
| Employee                  loan receivable and other receivables         |   |                                | 8,225    |                            |   | (1,200                          | )      |   | 39,433 |   |   | (2,471 | ) |
| Prepaid                  expenses and other current assets              |   |                                | (230,821 | )                               |   | (198,366                        | )      |   | (318,406 | ) |   | (238,128 | ) |
| Accounts                  payable and accrued transportation costs      |   |                                | 167,562  |                            |   | 4,000,330                       |   |   | (2,127,035 | ) |   | 7,458,810 |   |
| Commissions                  payable                                    |   |                                | (18,703  | )                               |   | (276,459                        | )      |   | 436,839 |   |   | 270,708 |   |
| Other                  accrued costs                                    |   |                                | 15,962   |                            |   | 189,949                         |   |   | (122,497 | ) |   | 141,982 |   |
| Income                  tax payable                                     |   |                                | (586,775 | )                               |   | 11,265                          |   |   | 273,446 |   |   | (869,300 | ) |
| Total                  adjustments                                      |   |                                | (593,700 | )                               |   | 652,231                         |   |   | (2,093,259 | ) |   | 1,096,827 |   |
|                                                                    |   |                                |     |                            |   |                            |   |   |   |   |   |   |   |
| Net                  cash provided by (used in) operating activities    |   | $                                   | (680,114 | )                               | $      | 566,631                         |   | $ | (680,354 | ) | $ | 1,259,563 |   |