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

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| (Amounts      in 000’s)                                          |   | THREE      MONTHS ENDEDJune      30 |   |   | FISCAL      YEAR ENDEDJUNE      30, |   |
|------------------------------------------------------------------------|--------|-------------------------------------|--------|--------|-------------------------------------|--------|
|                                                                   |   | 2009                                |   |   | 2008                                |   |   | 2009 |   |   | 2008 |   |
|                                                                   |   |                                |   |   |                                |   |   |   |   |   |   |   |
| Net      income (loss)                                                 |   | $                                   | (57    | )      |                                | $      | (86 | ) |   | $ | (9,730 | ) |   | $ | 1,413 |   |
|                                                                   |   |                                |   |   |                                |   |   |   |   |   |   |   |   |   |   |   |
|                                                                   |   |                                |   |   |                                |   |   |   |   |   |   |   |   |   |   |   |
| Interest      expense (income) - net                                   |   |                                | 46     |   |                                |   | 19 |   |   |   | 204 |   |   |   | 117 |   |
| Income      tax expense                                                |   |                                | 211    |   |                                |   | 135 |   |   |   | 44 |   |   |   | 908 |   |
| Depreciation      and amortization                                     |   |                                | 476    |   |                                |   | 240 |   |   |   | 1,743 |   |   |   | 964 |   |
|                                                                   |   |                                |   |   |                                |   |   |   |   |   |   |   |   |   |   |   |
| EBITDA                                                                 |   |                                | 676    |   |                                |   | 308 |   |   |   | (7,739 | ) |   |   | 3,402 |   |
| Stock-based      compensation and other non-cash charges               |   |                                | 54     |   |                                |   | 84 |   |   |   | 203 |   |   |   | 330 |   |
| Change      in estimate of liabilities assumed in Airgroup acquisition |   |                                | -      |   |                                |   | - |   |   |   | - |   |   |   | (1,431 | ) |
| Tax      Indemnity                                                     |   |                                |   |   |                                |   |   |   |   |   |   |   |   |   | (487 | ) |
| Goodwill      impairment                                               |   |                                | -      |   |                                |   | - |   |   |   | 11,403 |   |   |   | - |   |
| Gain      on early extinguishment of debt                              |   |                                | -      |   |                                |   | - |   |   |   | (190 | ) |   |   | - |   |
|                                                                   |   |                                |   |   |                                |   |   |   |   |   |   |   |   |   |   |   |
| Adjusted      EBITDA                                                   |   | $                                   | 730    |   |                                | $      | 392 |   |   | $ | 3,677 |   |   | $ | 1,814 |   |

| (Amounts      in 000’s)                            |   |                                     |   |
|----------------------------------------------------------|--------|------------------------------------------|--------|
|                                                     |   | FISCAL      YEAR ENDEDJUNE      30, 2010 |   |
|                                                     |   |                                     |   |
| Net      income                                          |   | $                                        | 1,070  |   |
|                                                     |   |                                     |   |   |
| Interest      expense – net                        |   |                                     | 300    |   |
| Income      tax expense                                  |   |                                     | 405    |   |
| Depreciation      and amortization                       |   |                                     | 2,000  |   |
|                                                     |   |                                     |   |   |
| EBITDA                                                   |   |                                     | 3,775  |   |
| Stock-based      compensation and other non-cash charges |   |                                     | 225    |   |
|                                                     |   |                                     |   |   |
|                                                     |   |                                     |   |   |
| Adjusted      EBITDA                                     |   | $                                        | 4,000  |   |

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|                                                                                                                                                                                          |   | June      30, |       |   | June      30, |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------|------------|--------|---------------|--------|
|                                                                                                                                                                                          |   | 2009          |       |   | 2008          |   |
| ASSETS                                                                                                                                                                                   |   |          |       |   |          |   |
| Current      assets -                                                                                                                                                                         |   |          |       |   |          |   |
| Cash      and cash equivalents                                                                                                                                                                |   | $             | 890,572    |   |          | $      | 392,223 |   |
| Accounts      receivable, net of allowance                                                                                                                                                    |   |          |       |   |          |   |   |   |
| June      30, 2009 - $754,578; June 30, 2008 - $513,479                                                                                                                                       |   |          | 17,275,387 |   |          |   | 14,404,002 |   |
| Current      portion of employee loan receivable and other receivables                                                                                                                        |   |          | 613,288    |   |          |   | 68,367 |   |
| Income      tax deposit                                                                                                                                                                       |   |          | 535,074    |   |          |   | - |   |
| Prepaid      expenses and other current assets                                                                                                                                                |   |          | 305,643    |   |          |   | 425,657 |   |
| Deferred      tax asset                                                                                                                                                                       |   |          | 427,713    |   |          |   | 292,088 |   |
| Total      current assets                                                                                                                                                                     |   |          | 20,047,677 |   |          |   | 15,582,337 |   |
|                                                                                                                                                                                          |   |          |       |   |          |   |   |   |
| Furniture      and equipment, net                                                                                                                                                             |   |          | 760,507    |   |          |   | 717,542 |   |
|                                                                                                                                                                                          |   |          |       |   |          |   |   |   |
| Acquired      intangibles, net                                                                                                                                                                |   |          | 3,179,043  |   |          |   | 1,242,413 |   |
| Goodwill                                                                                                                                                                                      |   |          | 337,000    |   |          |   | 7,824,654 |   |
| Employee      loan receivable, net of current portion                                                                                                                                         |   |          | 40,000     |   |          |   | 40,000 |   |
| Investment      in real estate                                                                                                                                                                |   |          | 40,000     |   |          |   | 40,000 |   |
| Deposits      and other assets                                                                                                                                                                |   |          | 359,606    |   |          |   | 156,280 |   |
| Total      long term assets                                                                                                                                                                   |   |          | 3,955,649  |   |          |   | 9,303,347 |   |
| Total      assets                                                                                                                                                                             |   | $             | 24,763,833 |   |          | $      | 25,603,226 |   |
|                                                                                                                                                                                          |   |          |       |   |          |   |   |   |
| LIABILITIES      AND STOCKHOLDERS' EQUITY (DEFICIT)                                                                                                                                           |   |          |       |   |          |   |   |   |
| Current      liabilities -                                                                                                                                                                    |   |          |       |   |          |   |   |   |
| Notes      payable – current portion of long term debt                                                                                                                                  |   | $             | -          |   |          | $      | 113,306 |   |
| Accounts      payable and accrued transportation costs                                                                                                                                        |   |          | 13,249,628 |   |          |   | 9,914,831 |   |
| Commissions      payable                                                                                                                                                                      |   |          | 1,323,004  |   |          |   | 1,136,859 |   |
| Other      accrued costs                                                                                                                                                                      |   |          | 472,202    |   |          |   | 221,808 |   |
| Income      taxes payable                                                                                                                                                                     |   |          | -          |   |          |   | 498,142 |   |
| Due      to former Adcom shareholder                                                                                                                                                          |   |          | 2,153,721  |   |          |   | - |   |
| Total      current liabilities                                                                                                                                                                |   |          | 17,198,555 |   |          |   | 11,884,946 |   |
|                                                                                                                                                                                          |   |          |       |   |          |   |   |   |
| Long      term debt                                                                                                                                                                           |   |          | 7,869,110  |   |          |   | 4,272,032 |   |
| Deferred      tax liability                                                                                                                                                                   |   |          | 352,387    |   |          |   | 422,419 |   |
| Total      long term liabilities                                                                                                                                                              |   |          | 8,221,497  |   |          |   | 4,694,451 |   |
| Total      liabilities                                                                                                                                                                        |   |          | 25,420,052 |   |          |   | 16,579,397 |   |
|                                                                                                                                                                                          |   |          |       |   |          |   |   |   |
| Minority      interest                                                                                                                                                                        |   |          | 1,907      |   |          |   | - |   |
|                                                                                                                                                                                          |   |          |       |   |          |   |   |   |
| 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, 2009 – 34,106,960; June 30, 2008 –      34,660,293 |   |          | 16,157     |   |          |   | 16,116 |   |
| Additional      paid-in capital                                                                                                                                                               |   |          | 7,889,458  |   |          |   | 7,703,658 |   |
| Treasury      stock, at cost, 595,000 and zero shares, respectively                                                                                                                           |   |          | (138,250   | )      |          |   | - |   |
| Retained      earnings (deficit)                                                                                                                                                              |   |          | (8,425,491 | )      |          |   | 1,304,055 |   |
| Total      stockholders’ equity (deficit)                                                                                                                                               |   |          | (658,126   | )      |          |   | 9,023,829 |   |
| Total      liabilities and stockholders’ equity (deficit)                                                                                                                               |   | $             | 24,763,833 |   |          | $      | 25,603,226 |   |

----

|                                                               |   | THREE      MONTHS ENDEDJUNE      30, |       |   | YEAR      ENDEDJUNE      30, |   |
|--------------------------------------------------------------------|--------|--------------------------------------|------------|--------|------------------------------|--------|
|                                                               |   | 2009                                 |       |   | 2008                         |   |   | 2009 |   |   | 2008 |   |
|                                                               |   |                                 |       |   |                         |   |   |   |   |   |   |   |
| Revenue                                                            |   | $                                    | 32,360,984 |   |                         | $      | 25,770,386 |   |   | $ | 136,996,319 |   |   | $ | 100,201,795 |   |
| Cost      of transportation                                        |   |                                 | 22,212,677 |   |                         |   | 16,280,521 |   |   |   | 91,427,781 |   |   |   | 64,373,545 |   |
| Net      revenues                                                  |   |                                 | 10,148,307 |   |                         |   | 9,489,865 |   |   |   | 45,568,538 |   |   |   | 35,828,250 |   |
|                                                               |   |                                 |       |   |                         |   |   |   |   |   |   |   |   |   |   |   |
| Agent      commissions                                             |   |                                 | 7,029,479  |   |                         |   | 6,592,704 |   |   |   | 30,565,136 |   |   |   | 25,210,068 |   |
| Personnel      costs                                               |   |                                 | 1,371,892  |   |                         |   | 1,466,906 |   |   |   | 6,920,914 |   |   |   | 5,303,612 |   |
| Selling,      general and administrative expenses                  |   |                                 | 954,200    |   |                         |   | 1,097,496 |   |   |   | 4,286,572 |   |   |   | 3,801,085 |   |
| Depreciation      and amortization                                 |   |                                 | 476,036    |   |                         |   | 243,489 |   |   |   | 1,743,159 |   |   |   | 963,913 |   |
| Restructuring      charges                                         |   |                                 | -          |   |                         |   | - |   |   |   | 220,000 |   |   |   | - |   |
| Goodwill      impairment                                           |   |                                 | -          |   |                         |   | - |   |   |   | 11,403,342 |   |   |   | - |   |
|       Total      operating expenses  |   |                                 | 9,831,607  |   |                         |   | 9,400,595 |   |   |   | 55,139,123 |   |   |   | 35,278,678 |   |
|                                                               |   |                                 |       |   |                         |   |   |   |   |   |   |   |   |   |   |   |
| Income      from operations                                        |   |                                 | 316,700    |   |                         |   | 89,270 |   |   |   | (9,570,585 | ) |   |   | 549,572 |   |
|                                                               |   |                                 |       |   |                         |   |   |   |   |   |   |   |   |   |   |   |
| Other      income (expense):                                       |   |                                 |       |   |                         |   |   |   |   |   |   |   |   |   |   |   |
| Interest      income                                               |   |                                 | 4,641      |   |                         |   | 915 |   |   |   | 13,540 |   |   |   | 4,115 |   |
| Interest      expense                                              |   |                                 | (50,423    | )      |                         |   | (20,354 | ) |   |   | (216,893 | ) |   |   | (121,399 | ) |
| Other-      non recurring                                          |   |                                 | -          |   |                         |   | - |   |   |   | - |   |   |   | 1,918,416 |   |
| Gain      on early extinguishment of debt                          |   |                                 | -          |   |                         |   | - |   |   |   | 190,000 |   |   |   | - |   |
| Other                                                              |   |                                 | (110,108   | )      |                         |   | (43,964 | ) |   |   | (75,005 | ) |   |   | (98,782 | ) |
|      Total      other income (expense)    |   |                                 | (155,890   | )      |                         |   | (63,403 | ) |   |   | (88,358 | ) |   |   | 1,702,350 |   |
|                                                               |   |                                 |       |   |                         |   |   |   |   |   |   |   |   |   |   |   |
| Income      (loss) before income tax expense and minority interest |   |                                 | 160,810    |   |                         |   | 25,867 |   |   |   | (9,658,943 | ) |   |   | 2,251,922 |   |
|                                                               |   |                                 |       |   |                         |   |   |   |   |   |   |   |   |   |   |   |
| Income      tax expense                                            |   |                                 | (210,793   | )      |                         |   | (135,369 | ) |   |   | (43,912 | ) |   |   | (907,748 | ) |
|                                                               |   |                                 |       |   |                         |   |   |   |   |   |   |   |   |   |   |   |
| Income      (loss) before minority interest                        |   |                                 | (49,983    | )      |                         |   | (109,502 | ) |   |   | (9,702,855 | ) |   |   | 1,344,174 |   |
|                                                               |   |                                 |       |   |                         |   |   |   |   |   |   |   |   |   |   |   |
| Minority      interest                                             |   |                                 | (7,088     | )      |                         |   | 23,089 |   |   |   | (26,691 | ) |   |   | 68,731 |   |
|                                                               |   |                                 |       |   |                         |   |   |   |   |   |   |   |   |   |   |   |
| Net      income (loss)                                             |   | $                                    | (57,071    | )      |                         | $      | (86,413 | ) |   | $ | (9,729,546 | ) |   | $ | 1,412,905 |   |
|                                                               |   |                                 |       |   |                         |   |   |   |   |   |   |   |   |   |   |   |
| Net      income (loss) per common share – basic              |   | $                                    | -          |   |                         | $      | - |   |   | $ | (.28 | ) |   | $ | .04 |   |
| Net      income (loss) per common share – diluted            |   | $                                    | -          |   |                         | $      | - |   |   | $ | (.28 | ) |   | $ | .04 |   |
|                                                               |   |                                 |       |   |                         |   |   |   |   |   |   |   |   |   |   |   |
| Weighted      average shares outstanding:                          |   |                                 |       |   |                         |   |   |   |   |   |   |   |   |   |   |   |
| Basic      shares                                                  |   |                                 | 34,615,751 |   |                         |   | 34,473,233 |   |   |   | 34,678,755 |   |   |   | 34,126,972 |   |
| Diluted      shares                                                |   |                                 | 34,615,751 |   |                         |   | 34,615,590 |   |   |   | 34,678,755 |   |   |   | 34,358,746 |   |

----

|                                                                                                          |   | THREE      MONTHS ENDEDJUNE      30, |      |   | YEAR      ENDEDJUNE      30, |   |
|---------------------------------------------------------------------------------------------------------------|--------|--------------------------------------|-----------|--------|------------------------------|--------|
|                                                                                                          |   | 2009                                 |      |   | 2008                         |   |   | 2009 |   |   | 2008 |   |
|                                                                                                          |   |                                 |      |   |                         |   |   |   |   |   |   |   |
| Adjusted      EBITDA                                                                                          |   | $                                    | 729,859   |   |                         | $      | 391,881 |   |   | $ | 3,676,599 |   |   | $ | 1,813,340 |   |
| Share      based compensation and other non-cash costs                                                        |   |                                 | (54,319   | )      |                         |   | (83,745 | ) |   |   | (202,376 | ) |   |   | (329,636 | ) |
| Change      in estimate of liabilities assumed in Airgroup Acquisition                                        |   |                                 | -         |   |                         |   | - |   |   |   | - |   |   |   | 1,431,452 |   |
| Goodwill      impairment                                                                                      |   |                                 | -         |   |                         |   | - |   |   |   | (11,403,342 | ) |   |   | - |   |
| Gain      on early extinguishment of debt                                                                     |   |                                 | -         |   |                         |   | - |   |   |   | 190,000 |   |   |   | - |   |
| Tax      indemnity                                                                                            |   |                                 | -         |   |                         |   | - |   |   |   | - |   |   |   | 486,694 |   |
| EBITDA                                                                                                        |   |                                 | 675,540   |   |                         |   | 308,136 |   |   |   | (7,739,119 | ) |   |   | 3,401,850 |   |
|                                                                                                          |   |                                 |      |   |                         |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation      and amortization                                                                            |   |                                 | (476,036  | )      |                         |   | (239,742 | ) |   |   | (1,743,159 | ) |   |   | (963,913 | ) |
| Interest      expense, net                                                                                    |   |                                 | (45,782   | )      |                         |   | (19,439 | ) |   |   | (203,356 | ) |   |   | (117,284 | ) |
| Income      tax expense                                                                                       |   |                                 | (210,793  | )      |                         |   | (135,369 | ) |   |   | (43,912 | ) |   |   | (907,748 | ) |
| Net      income (loss)                                                                                        |   |                                 | (57,071   | )      |                         |   | (86,414 | ) |   |   | (9,729,546 | ) |   |   | 1,412,905 |   |
|                                                                                                          |   |                                 |      |   |                         |   |   |   |   |   |   |   |   |   |   |   |
| ADJUSTMENTS      TO RECONCILE NET INCOME (LOSS) TO NET CASH  PROVIDED BY      OPERATING ACTIVITIES: |   |                                 |      |   |                         |   |   |   |   |   |   |   |   |   |   |   |
| Non-cash      compensation expense (stock options)                                                            |   |                                 | 50,045    |   |                         |   | 53,678 |   |   |   | 173,759 |   |   |   | 204,062 |   |
| Stock      issued for investor relations services                                                             |   |                                 | -         |   |                         |   | 148,487 |   |   |   | 12,082 |   |   |   | 148,487 |   |
| Amortization      of intangibles                                                                              |   |                                 | 349,155   |   |                         |   | 136,840 |   |   |   | 1,263,370 |   |   |   | 547,360 |   |
| Deferred      income tax benefit                                                                              |   |                                 | (153,623  | )      |                         |   | 513,428 |   |   |   | (1,421,657 | ) |   |   | (243,536 | ) |
| Depreciation      and leasehold amortization                                                                  |   |                                 | 126,881   |   |                         |   | 102,902 |   |   |   | 479,789 |   |   |   | 396,557 |   |
| Goodwill      impairment                                                                                      |   |                                 | -         |   |                         |   | - |   |   |   | 11,403,342 |   |   |   | - |   |
| Gain      on early extinguishment of debt                                                                     |   |                                 | -         |   |                         |   | - |   |   |   | (190,000 | ) |   |   | - |   |
| Minority      interest in income (loss) of subsidiaries                                                       |   |                                 | 7,087     |   |                         |   | (36,624 | ) |   |   | 26,691 |   |   |   | (68,731 | ) |
| Recovery      of (provision for) doubtful accounts                                                            |   |                                 | (224,867  | )      |                         |   | (128,014 | ) |   |   | (90,766 | ) |   |   | 253,519 |   |
| Tax      indemnity                                                                                            |   |                                 | -         |   |                         |   | - |   |   |   | - |   |   |   | (486,694 | ) |
| Change      in estimated accrued transportation costs                                                         |   |                                 | -         |   |                         |   | - |   |   |   | - |   |   |   | (1,431,452 | ) |
| CHANGE      IN OPERATING ASSETS AND LIABILITIES:                                                              |   |                                 |      |   |                         |   |   |   |   |   |   |   |   |   |   |   |
| Accounts      receivable                                                                                      |   |                                 | (685,019  | )      |                         |   | (739,847 | ) |   |   | 7,669,229 |   |   |   | 405,389 |   |
| Employee      receivable and other receivables                                                                |   |                                 | (4,591    | )      |                         |   | 8,225 |   |   |   | (113,884 | ) |   |   | 39,433 |   |
| Income      tax deposit                                                                                       |   |                                 | 340,208   |   |                         |   | - |   |   |   | (450,046 | ) |   |   | - |   |
| Prepaid      expenses and other current assets                                                                |   |                                 | 84,719    |   |                         |   | (265,562 | ) |   |   | 178,704 |   |   |   | (366,329 | ) |
| Deposits      and other assets                                                                                |   |                                 | 7,230     |   |                         |   | 34,741 |   |   |   | 97,186 |   |   |   | 47,923 |   |
| Accounts      payable & accrued transportation costs                                                      |   |                                 | 1,304,469 |   |                         |   | 167,562 |   |   |   | (5,210,752 | ) |   |   | (2,127,035 | ) |
| Commissions      payable                                                                                      |   |                                 | (46,043   | )      |                         |   | (18,703 | ) |   |   | 186,145 |   |   |   | 436,839 |   |
| Other      accrued costs                                                                                      |   |                                 | (332,402  | )      |                         |   | 15,962 |   |   |   | (16,368 | ) |   |   | (122,497 | ) |
| Income      tax payable                                                                                       |   |                                 | -         |   |                         |   | (586,775 | ) |   |   | (498,142 | ) |   |   | 273,446 |   |
|                                                                                                          |   |                                 |      |   |                         |   |   |   |   |   |   |   |   |   |   |   |
| Net      cash provided by operating activities                                                                |   | $                                    | 766,178   |   |                         | $      | (680,114 | ) |   | $ | 3,769,136 |   |   | $ | (680,354 | ) |

----