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

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| (Amounts in 000’s)                            |   | THREE MONTHS ENDEDJUNE 30, |   |   | FISCAL YEAR ENDEDJUNE 30, |   |
|-----------------------------------------------------|--------|----------------------------|--------|--------|---------------------------|--------|
|                                                |   | 2011                       |   |   | 2010                      |   |   | 2011 |   |   | 2010 |   |
| Net income                                          |   | $                          | 582    |   |                      | $      | 844 |   |   | $ | 2,852 |   |   | $ | 1,959 |   |
|                                                |   |                       |   |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Interest expense - net                              |   |                       | 106    |   |                      |   | 31 |   |   |   | 207 |   |   |   | 135 |   |
| Income tax expense                                  |   |                       | 634    |   |                      |   | 175 |   |   |   | 2,025 |   |   |   | 1,093 |   |
| Depreciation and amortization                       |   |                       | 420    |   |                      |   | 416 |   |   |   | 1,325 |   |   |   | 1,598 |   |
|                                                |   |                       |   |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| EBITDA                                              |   |                       | 1,742  |   |                      |   | 1,466 |   |   |   | 6,409 |   |   |   | 4,785 |   |
| Stock-based compensation and other non-cash charges |   |                       | 21     |   |                      |   | 69 |   |   |   | 125 |   |   |   | 315 |   |
| Loss (gain) on litigation settlement                |   |                       | -      |   |                      |   | - |   |   |   | 150 |   |   |   | (355 | ) |
| Business & Occupancy tax refund                 |   |                       | -      |   |                      |   | - |   |   |   | - |   |   |   | (364 | ) |
| Transaction & severance costs                   |   |                       | 139    |   |                      |   | - |   |   |   | 139 |   |   |   | - |   |
| Gain on extinguishment of debt                      |   |                       | -      |   |                      |   | (135 | ) |   |   | - |   |   |   | (135 | ) |
|                                                |   |                       |   |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Adjusted EBITDA (1)                                 |   | $                          | 1,902  |   |                      | $      | 1,400 |   |   | $ | 6,823 |   |   | $ | 4,246 |   |

| (1)   | Excluding the $583,000 in non-recurring transition costs associated with the Company’s acquisition of DBA, the Company’s adjusted EBITDA for the three months and year ended June 30, 2011 would have been $2,485,000 and $7,406,000, respectively. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| (Amounts in 000’s)                            |   | OutlookFiscal Year Ended June 30, 2012 |   |   | ActualFiscal Year Ended June 30, 2011 |   |
|-----------------------------------------------------|--------|----------------------------------------|--------|--------|---------------------------------------|--------|
| Net income                                          |   | $                                      | 3,798  |   |                                  | $      | 2,852 |   |
|                                                |   |                                   |   |   |                                  |   |   |   |
| Interest expense - net                              |   |                                   | 802    |   |                                  |   | 207 |   |
| Income tax expense                                  |   |                                   | 2,327  |   |                                  |   | 2,025 |   |
| Depreciation and amortization                       |   |                                   | 2,048  |   |                                  |   | 1,325 |   |
|                                                |   |                                   |   |   |                                  |   |   |   |
| EBITDA                                              |   |                                   | 8,975  |   |                                  |   | 6,409 |   |
|                                                |   |                                   |   |   |                                  |   |   |   |
| Stock-based compensation and other non-cash charges |   |                                   | 150    |   |                                  |   | 125 |   |
| Transaction & severance costs                   |   |                                   | 125    |   |                                  |   | 139 |   |
| Loss on litigation settlement                       |   |                                   | -      |   |                                  |   | 150 |   |
|                                                |   |                                   |   |   |                                  |   |   |   |
| Adjusted EBITDA (2)                                 |   | $                                      | 9,250  |   |                                  | $      | 6,823 |   |

| (2)   | The projected adjusted EBITDA for fiscal year ended June 30, 2012 is burdened by an estimated $750,000 in non-recurring transition costs associated with the Company’s acquisition of DBA anticipated to occur through December 31, 2011.  Excluding these costs, the adjusted EBITDA for the fiscal year ended June 30, 2012 is projected at $10,000,000. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                                                                                                                                                                           |   | June 30,2011 |   |   |   | June 30,2010 |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------|--------|--------|--------|--------------|--------|
| ASSETS                                                                                                                                                                    |   |         |   |   |   |         |   |
| Current assets -                                                                                                                                                               |   |         |   |   |   |         |   |
| Cash and cash equivalents                                                                                                                                                      | $      | 434,185      |   |   | $      | 682,108      |   |
| Accounts receivable, net of allowance                                                                                                                                          |   |         |   |   |   |         |   |
| of $1,592,235 and $626,401 respectively                                                                                                                                        |   | 41,577,053   |   |   |   | 21,442,023   |   |
| Current portion of employee loan receivable                                                                                                                                    |   | 21,401       |   |   |   | 13,100       |   |
| Current portion of station and other receivables                                                                                                                               |   | 141,372      |   |   |   | 195,289      |   |
| Prepaid expenses and other current assets                                                                                                                                      |   | 1,761,273    |   |   |   | 1,104,211    |   |
| Deferred tax asset                                                                                                                                                             |   | 1,142,077    |   |   |   | 402,428      |   |
| Total current assets                                                                                                                                                           |   | 45,077,361   |   |   |   | 23,839,159   |   |
|                                                                                                                                                                           |   |         |   |   |   |         |   |
| Furniture and equipment, net                                                                                                                                                   |   | 1,428,063    |   |   |   | 881,416      |   |
|                                                                                                                                                                           |   |         |   |   |   |         |   |
| Acquired intangibles, net                                                                                                                                                      |   | 2,879,846    |   |   |   | 2,019,757    |   |
| Goodwill                                                                                                                                                                       |   | 6,650,008    |   |   |   | 982,788      |   |
| Employee loan receivable, net of current portion                                                                                                                               |   | 64,494       |   |   |   | 38,000       |   |
| Station and other receivables, net of current portion                                                                                                                          |   | 116,965      |   |   |   | 151,160      |   |
| Investment in real estate                                                                                                                                                      |   | 40,000       |   |   |   | 40,000       |   |
| Deposits and other assets                                                                                                                                                      |   | 363,815      |   |   |   | 153,116      |   |
| Deferred tax asset – long term                                                                                                                                           |   | -            |   |   |   | 106,023      |   |
| Total long term assets                                                                                                                                                         |   | 10,115,128   |   |   |   | 3,490,844    |   |
| Total assets                                                                                                                                                                   | $      | 56,620,552   |   |   | $      | 28,211,419   |   |
|                                                                                                                                                                           |   |         |   |   |   |         |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY                                                                                                                                           |   |         |   |   |   |         |   |
| Current liabilities -                                                                                                                                                          |   |         |   |   |   |         |   |
| Accounts payable and accrued transportation costs                                                                                                                              | $      | 27,872,185   |   |   | $      | 16,004,814   |   |
| Commissions payable                                                                                                                                                            |   | 3,570,858    |   |   |   | 2,119,503    |   |
| Other accrued costs                                                                                                                                                            |   | 1,992,694    |   |   |   | 538,854      |   |
| Income taxes payable                                                                                                                                                           |   | 333,999      |   |   |   | 76,309       |   |
| Due to former shareholder of subsidiaries                                                                                                                                      |   | 2,657,781    |   |   |   | 603,205      |   |
| Current portion of notes payable to former shareholders of DBA                                                                                                                 |   | 800,000      |   |   |   | -            |   |
| Other current liabilities                                                                                                                                                      |   | 135,927      |   |   |   | -            |   |
| Total current liabilities                                                                                                                                                      |   | 37,363,444   |   |   |   | 19,342,685   |   |
|                                                                                                                                                                           |   |         |   |   |   |         |   |
| Other long-term debt                                                                                                                                                           |   | 10,269,268   |   |   |   | 7,641,021    |   |
| Notes payable to former shareholders of DBA, net of current portion                                                                                                            |   | 1,600,000    |   |   |   | -            |   |
| Deferred rent liability                                                                                                                                                        |   | 631,630      |   |   |   | 439,905      |   |
| Deferred tax liability                                                                                                                                                         |   | 485,907      |   |   |   | -            |   |
| Other long-term liabilities                                                                                                                                                    |   | 120,571      |   |   |   | -            |   |
| Total long term liabilities                                                                                                                                                    |   | 13,107,376   |   |   |   | 8,080,926    |   |
| Total liabilities                                                                                                                                                              |   | 50,470,820   |   |   |   | 27,423,611   |   |
|                                                                                                                                                                           |   |         |   |   |   |         |   |
| Stockholders' equity:                                                                                                                                                          |   |         |   |   |   |         |   |
| Preferred stock, $0.001 par value, 5,000,000 shares authorized; no shares issued or outstanding                                                                                |   | -            |   |   |   | -            |   |
| Common stock, $0.001 par value, 50,000,000 shares authorized.  Issued and outstanding:  June 30, 2011 – 31,676,438; June 30, 2010 – 31,273,461 |   | 18,051       |   |   |   | 16,157       |   |
| Additional paid-in capital                                                                                                                                                     |   | 11,060,701   |   |   |   | 8,108,239    |   |
| Treasury stock, at cost, 4,919,239 and 3,428,499 shares, respectively                                                                                                          |   | (1,407,455   | )      |   |   | (936,190     | )      |
| Retained deficit                                                                                                                                                               |   | (3,615,322   | )      |   |   | (6,466,946   | )      |
| Total Radiant Logistics, Inc. stockholders’ equity                                                                                                                       |   | 6,055,975    |   |   |   | 721,260      |   |
|          Non-controlling interest                                                                                                 |   | 93,757       |   |   |   | 66,548       |   |
| Total stockholders’ equity                                                                                                                                               |   | 6,149,732    |   |   |   | 787,808      |   |
| Total liabilities and stockholders’ equity                                                                                                                               | $      | 56,620,552   |   |   | $      | 28,211,419   |   |

----

|                                                      |   | THREE MONTHS ENDED |       |   | YEAR ENDED |   |
|-----------------------------------------------------------|--------|--------------------|------------|--------|------------|--------|
|                                                      |   | JUNE 30,           |       |   | JUNE 30,   |   |
|                                                      |   | 2011               |       |   | 2010       |   |   | 2011 |   |   | 2010 |   |
|                                                      |   |               |       |   |       |   |   |   |   |   |   |   |
| Revenue                                                   |   | $                  | 70,932,008 |   |       | $      | 40,707,751 |   |   | $ | 203,820,175 |   |   | $ | 146,715,556 |   |
| Cost of transportation                                    |   |               | 49,753,382 |   |       |   | 27,472,232 |   |   |   | 141,315,637 |   |   |   | 101,085,752 |   |
| Net revenues                                              |   |               | 21,178,626 |   |       |   | 13,235,519 |   |   |   | 62,504,538 |   |   |   | 45,629,804 |   |
|                                                      |   |               |       |   |       |   |   |   |   |   |   |   |   |   |   |   |
|                                                      |   |               |       |   |       |   |   |   |   |   |   |   |   |   |   |   |
| Agent commissions                                         |   |               | 13,822,896 |   |       |   | 8,978,132 |   |   |   | 42,352,576 |   |   |   | 31,376,580 |   |
| Personnel costs                                           |   |               | 3,038,507  |   |       |   | 1,480,015 |   |   |   | 7,733,701 |   |   |   | 5,882,251 |   |
| Selling, general and administrative expenses              |   |               | 2,032,232  |   |       |   | 1,494,613 |   |   |   | 5,335,354 |   |   |   | 4,295,188 |   |
| Transition costs associated with DBA acquisition          |   |               | 582,762    |   |       |   | - |   |   |   | 582,762 |   |   |   | - |   |
| Depreciation and amortization                             |   |               | 419,566    |   |       |   | 416,333 |   |   |   | 1,325,289 |   |   |   | 1,598,195 |   |
| Total operating expenses                                  |   |               | 19,895,963 |   |       |   | 12,369,093 |   |   |   | 57,329,682 |   |   |   | 43,152,214 |   |
|                                                      |   |               |       |   |       |   |   |   |   |   |   |   |   |   |   |   |
| Income from operations                                    |   |               | 1,282,663  |   |       |   | 866,426 |   |   |   | 5,174,856 |   |   |   | 2,477,590 |   |
|                                                      |   |               |       |   |       |   |   |   |   |   |   |   |   |   |   |   |
|                                                      |   |               |       |   |       |   |   |   |   |   |   |   |   |   |   |   |
| Other income (expense):                                   |   |               |       |   |       |   |   |   |   |   |   |   |   |   |   |   |
| Interest income                                           |   |               | 5,563      |   |       |   | 5,778 |   |   |   | 21,607 |   |   |   | 44,181 |   |
| Interest expense                                          |   |               | (111,696   | )      |       |   | (36,642 | ) |   |   | (228,749 | ) |   |   | (178,837 | ) |
| Gain on extinguishment of debt                            |   |               | -          |   |       |   | 135,012 |   |   |   | - |   |   |   | 135,012 |   |
| Gain (loss) on litigation settlement                      |   |               | -          |   |       |   | - |   |   |   | (150,000 | ) |   |   | 354,670 |   |
| Other                                                     |   |               | 79,700     |   |       |   | 84,554 |   |   |   | 218,611 |   |   |   | 338,724 |   |
| Total other income (expense)                              |   |               | (26,433    | )      |       |   | 188,702 |   |   |   | (138,531 | ) |   |   | 693,750 |   |
|                                                      |   |               |       |   |       |   |   |   |   |   |   |   |   |   |   |   |
| Income before income tax expense                          |   |               | 1,256,230  |   |       |   | 1,055,128 |   |   |   | 5,036,325 |   |   |   | 3,171,340 |   |
|                                                      |   |               |       |   |       |   |   |   |   |   |   |   |   |   |   |   |
|                                                      |   |               |       |   |       |   |   |   |   |   |   |   |   |   |   |   |
| Income tax expense                                        |   |               | (634,251   | )      |       |   | (175,438 | ) |   |   | (2,025,492 | ) |   |   | (1,094,154 | ) |
|                                                      |   |               |       |   |       |   |   |   |   |   |   |   |   |   |   |   |
| Net income                                                |   |               | 621,979    |   |       |   | 879,690 |   |   |   | 3,010,833 |   |   |   | 2,077,186 |   |
|                                                      |   |               |       |   |       |   |   |   |   |   |   |   |   |   |   |   |
|                                                      |   |               |       |   |       |   |   |   |   |   |   |   |   |   |   |   |
| Less: Net income attributable to non-controlling interest |   |               | (40,282    | )      |       |   | (35,412 | ) |   |   | (159,209 | ) |   |   | (118,641 | ) |
|                                                      |   |               |       |   |       |   |   |   |   |   |   |   |   |   |   |   |
| Net income attributable to Radiant Logistics, Inc.        |   | $                  | 581,697    |   |       | $      | 844,278 |   |   | $ | 2,851,624 |   |   | $ | 1,958,545 |   |
|                                                      |   |               |       |   |       |   |   |   |   |   |   |   |   |   |   |   |
| Net income per common share – basic                 |   | $                  | 0.02       |   |       | $      | 0.03 |   |   | $ | 0.09 |   |   | $ | 0.06 |   |
| Net income per common share – diluted               |   | $                  | 0.02       |   |       | $      | 0.03 |   |   | $ | 0.09 |   |   | $ | 0.06 |   |
|                                                      |   |               |       |   |       |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average shares outstanding:                      |   |               |       |   |       |   |   |   |   |   |   |   |   |   |   |   |
| Basic shares                                              |   |               | 30,591,353 |   |       |   | 31,887,727 |   |   |   | 30,424,020 |   |   |   | 32,548,492 |   |
| Diluted shares                                            |   |               | 33,457,088 |   |       |   | 32,062,153 |   |   |   | 32,021,404 |   |   |   | 32,720,019 |   |

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|                                                                                         |   | THREE MONTHS ENDED |       |   | YEAR ENDED |   |
|----------------------------------------------------------------------------------------------|--------|--------------------|------------|--------|-----------------|--------|
|                                                                                         |   | JUNE 30,           |       |   | JUNE 30,        |   |
|                                                                                         |   | 2011               |       |   | 2010            |   |   | 2011 |   |   | 2010 |   |
|                                                                                         |   |               |       |   |            |   |   |   |   |   |   |   |
| Adjusted EBITDA                                                                              |   | $                  | 1,901,922  |   |            | $      | 1,400,102 |   |   | $ | 6,823,787 |   |   | $ | 4,246,124 |   |
| Transaction and severance costs                                                              |   |               | (138,980   | )      |            |   | - |   |   |   | (138,980 | ) |   |   | - |   |
| Stock-based compensation and other non-cash charges                                          |   |               | (21,295    | )      |            |   | (68,201 | ) |   |   | (125,260 | ) |   |   | (314,696 | ) |
| Refund of Business & Occupancy tax (including interest)                                  |   |               | -          |   |            |   | - |   |   |   | - |   |   |   | 364,440 |   |
| Gain (loss) on litigation settlement                                                         |   |               | -          |   |            |   | - |   |   |   | (150,000 | ) |   |   | 354,670 |   |
| Gain on extinguishment of debt                                                               |   |               | -          |   |            |   | 135,012 |   |   |   | - |   |   |   | 135,012 |   |
|                                                                                         |   |               |       |   |            |   |   |   |   |   |   |   |   |   |   |   |
| EBITDA                                                                                       |   |               | 1,741,647  |   |            |   | 1,466,913 |   |   |   | 6,409,547 |   |   |   | 4,785,550 |   |
|                                                                                         |   |               |       |   |            |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation and amortization                                                                |   |               | (419,566   | )      |            |   | (416,333 | ) |   |   | (1,325,289 | ) |   |   | (1,598,195 | ) |
| Interest expense, net                                                                        |   |               | (106,133   | )      |            |   | (30,864 | ) |   |   | (207,142 | ) |   |   | (134,656 | ) |
| Income tax expense                                                                           |   |               | (634,251   | )      |            |   | (175,438 | ) |   |   | (2,025,492 | ) |   |   | (1,094,154 | ) |
| Net income                                                                                   |   |               | 581,697    |   |            |   | 844,278 |   |   |   | 2,851,624 |   |   |   | 1,958,545 |   |
|                                                                                         |   |               |       |   |            |   |   |   |   |   |   |   |   |   |   |   |
| ADJUSTMENTS TO RECONCILE NET INCOME TO NET CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES: |   |               |       |   |            |   |   |   |   |   |   |   |   |   |   |   |
| Non-cash compensation expense (stock options)                                                |   |               | 19,782     |   |            |   | 54,939 |   |   |   | 115,346 |   |   |   | 218,781 |   |
| Amortization of intangibles                                                                  |   |               | 280,805    |   |            |   | 283,654 |   |   |   | 941,473 |   |   |   | 1,159,286 |   |
| Deferred income tax benefit                                                                  |   |               | (77,551    | )      |            |   | (4,021 | ) |   |   | (108,647 | ) |   |   | (433,125 | ) |
| Amortization of bank fees                                                                    |   |               | -          |   |            |   | 3,486 |   |   |   | - |   |   |   | 40,748 |   |
| Depreciation and leasehold amortization                                                      |   |               | 138,761    |   |            |   | 132,679 |   |   |   | 383,816 |   |   |   | 438,909 |   |
| Gain on early extinguishment of debt                                                         |   |               | -          |   |            |   | (135,012 | ) |   |   | - |   |   |   | (135,012 | ) |
| Loss (gain) on litigation settlement                                                         |   |               | -          |   |            |   | - |   |   |   | 150,000 |   |   |   | (354,670 | ) |
| Change in non-controlling interest of subsidiaries                                           |   |               | 40,282     |   |            |   | 35,412 |   |   |   | 159,209 |   |   |   | 118,641 |   |
| Loss on disposal of fixed assets                                                             |   |               | -          |   |            |   | - |   |   |   | 11,931 |   |   |   | - |   |
| Provision for (recovery of) doubtful accounts                                                |   |               | 49,576     |   |            |   | (43,358 | ) |   |   | (87,669 | ) |   |   | (54,988 | ) |
|                                                                                         |   |               |       |   |            |   |   |   |   |   |   |   |   |   |   |   |
| CHANGE IN OPERATING ASSETS AND LIABILITIES:                                                  |   |               |       |   |            |   |   |   |   |   |   |   |   |   |   |   |
| Accounts receivable                                                                          |   |               | (3,590,717 | )      |            |   | (2,926,971 | ) |   |   | (5,372,281 | ) |   |   | (4,038,459 | ) |
| Employee loan receivables                                                                    |   |               | (29,250    | )      |            |   | (131,260 | ) |   |   | (34,795 | ) |   |   | 42,600 |   |
| Income tax deposit                                                                           |   |               | 32,022     |   |            |   | - |   |   |   | 32,022 |   |   |   | 535,074 |   |
| Station and other receivables                                                                |   |               | 10,983     |   |            |   | 749,076 |   |   |   | 135,407 |   |   |   | 224,371 |   |
| Prepaid expenses, deposits and other assets                                                  |   |               | (426,598   | )      |            |   | (599,388 | ) |   |   | (291,248 | ) |   |   | (736,705 | ) |
| Checks issued in excess of funds                                                             |   |               | -          |   |            |   | (44,148 | ) |   |   | - |   |   |   | - |   |
| Accounts payable & accrued transportation costs                                          |   |               | 1,337,327  |   |            |   | 2,946,711 |   |   |   | 2,481,020 |   |   |   | 2,750,911 |   |
| Commissions payable                                                                          |   |               | 1,046,740  |   |            |   | 696,986 |   |   |   | 1,233,466 |   |   |   | 796,499 |   |
| Other accrued costs                                                                          |   |               | (239,301   | )      |            |   | (64,424 | ) |   |   | (16,229 | ) |   |   | (212,836 | ) |
| Deferred rent liability                                                                      |   |               | 28,993     |   |            |   | 439,605 |   |   |   | 173,172 |   |   |   | 439,905 |   |
| Other liabilities                                                                            |   |               | (89,712    | )      |            |   | (23,244 | ) |   |   | (89,712 | ) |   |   | - |   |
| Income taxes payable                                                                         |   |               | 249,178    |   |            |   | (200,303 | ) |   |   | 263,849 |   |   |   | 76,309 |   |
| Due to former shareholders of subsidiaries                                                   |   |               | -          |   |            |   | - |   |   |   | - |   |   |   | (20,834 | ) |
| Total adjustments                                                                            |   |               | (1,218,680 | )      |            |   | 1,170,419 |   |   |   | 80,130 |   |   |   | 855,405 |   |
|                                                                                         |   |               |       |   |            |   |   |   |   |   |   |   |   |   |   |   |
| Net cash provided by (used) for operating  activities                              |   | $                  | (636,983   | )      |            | $      | 2,014,697 |   |   | $ | 2,931,754 |   |   | $ | 2,813,950 |   |

----