----

----

| (Amounts      in 000’s)                            |   | THREE      MONTHS ENDEDJUNE      30, |    |   | FISCAL      YEAR ENDEDJUNE      30, |   |
|----------------------------------------------------------|--------|--------------------------------------|---------|--------|-------------------------------------|--------|
|                                                     |   | 2010                                 |    |   | 2009                                |   |   | 2010 |   |   | 2009 |   |
| Net      income (loss)                                   |   | $                                    | 844     |   |                                | $      | (57 | ) |   | $ | 1,959 |   |   | $ | (9,730 | ) |
|                                                     |   |                                 |    |   |                                |   |   |   |   |   |   |   |   |   |   |   |
| Interest      expense (income) - net                     |   |                                 | 31      |   |                                |   | 46 |   |   |   | 135 |   |   |   | 204 |   |
| Income      tax expense                                  |   |                                 | 175     |   |                                |   | 211 |   |   |   | 1,093 |   |   |   | 44 |   |
| Depreciation      and amortization                       |   |                                 | 416     |   |                                |   | 476 |   |   |   | 1,598 |   |   |   | 1,743 |   |
|                                                     |   |                                 |    |   |                                |   |   |   |   |   |   |   |   |   |   |   |
| EBITDA                                                   |   |                                 | 1,466   |   |                                |   | 676 |   |   |   | 4,785 |   |   |   | (7,739 | ) |
| Stock-based      compensation and other non-cash charges |   |                                 | 69      |   |                                |   | 54 |   |   |   | 315 |   |   |   | 203 |   |
| Gain      on litigation settlement                       |   |                                 | — |   |                                |   | — |   |   |   | (355 | ) |   |   | — |   |
| Business      & Occupancy tax refund                 |   |                                 | — |   |                                |   | — |   |   |   | (364 | ) |   |   | — |   |
| Goodwill      impairment                                 |   |                                 | — |   |                                |   | — |   |   |   | — |   |   |   | 11,403 |   |
| Gain      on extinguishment of debt                      |   |                                 | (135    | )      |                                |   | — |   |   |   | (135 | ) |   |   | (190 | ) |
|                                                     |   |                                 |    |   |                                |   |   |   |   |   |   |   |   |   |   |   |
|        Adjusted EBITDA                              |   | $                                    | 1,400   |   |                                | $      | 730 |   |   | $ | 4,246 |   |   | $ | 3,677 |   |
|                                                     |   |                                 |    |   |                                |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                     |   | OutlookFiscal      YearEndedJune      30, 2011 |    |   | ActualFiscal      YearEndedJune      30, 2010 |   |
|----------------------------------------------------------|--------|------------------------------------------------|---------|--------|-----------------------------------------------|--------|
| Net      income                                          |   | $                                              | 1,890   |   |                                          | $      | 1,959 |   |
|                                                     |   |                                           |    |   |                                          |   |   |   |
| Interest      expense - net                              |   |                                           | 200     |   |                                          |   | 135 |   |
| Income      tax expense                                  |   |                                           | 1,159   |   |                                          |   | 1,093 |   |
| Depreciation      and amortization                       |   |                                           | 1,379   |   |                                          |   | 1,598 |   |
|                                                     |   |                                           |    |   |                                          |   |   |   |
| EBITDA                                                   |   |                                           | 4,368   |   |                                          |   | 4,785 |   |
|                                                     |   |                                           |    |   |                                          |   |   |   |
| Stock-based      compensation and other non-cash charges |   |                                           | 132     |   |                                          |   | 315 |   |
| Gain      on extinguishment of debt                      |   |                                           | — |   |                                          |   | (135 | ) |
| Business      & Occupancy tax refund                 |   |                                           | — |   |                                          |   | (364 | ) |
| Gain      on litigation settlement                       |   |                                           | — |   |                                          |   | (355 | ) |
| Adjusted      EBITDA                                     |   | $                                              | 4,500   |   |                                          | $      | 4,246 |   |

----

|                                                                                                                                                                                          |   | June      30, |       |   | June      30, |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------|------------|--------|---------------|--------|
|                                                                                                                                                                                          |   | 2010          |       |   | 2009          |   |
| ASSETS                                                                                                                                                                                   |   |          |       |   |          |   |
| Current      assets -                                                                                                                                                                         |   |          |       |   |          |   |
| Cash      and cash equivalents                                                                                                                                                                |   | $             | 682,108    |   |          | $      | 890,572 |   |
| Accounts      receivable, net of allowance                                                                                                                                                    |   |          |       |   |          |   |   |   |
| June      30, 2010 - $626,401; June 30, 2009 - $754,578                                                                                                                                       |   |          | 21,442,023 |   |          |   | 17,275,387 |   |
| Current      portion of employee loan receivable                                                                                                                                              |   |          | 13,100     |   |          |   | 53,700 |   |
| Current      portion of station and other receivables                                                                                                                                         |   |          | 195,289    |   |          |   | 522,088 |   |
| Income      tax deposit                                                                                                                                                                       |   |          | —    |   |          |   | 535,074 |   |
| Prepaid      expenses and other current assets                                                                                                                                                |   |          | 1,104,211  |   |          |   | 305,643 |   |
| Deferred      tax asset                                                                                                                                                                       |   |          | 402,428    |   |          |   | 427,713 |   |
| Total      current assets                                                                                                                                                                     |   |          | 23,839,159 |   |          |   | 20,010,177 |   |
|                                                                                                                                                                                          |   |          |       |   |          |   |   |   |
| Furniture      and equipment, net                                                                                                                                                             |   |          | 881,416    |   |          |   | 760,507 |   |
|                                                                                                                                                                                          |   |          |       |   |          |   |   |   |
| Acquired      intangibles, net                                                                                                                                                                |   |          | 2,019,757  |   |          |   | 3,179,043 |   |
| Goodwill                                                                                                                                                                                      |   |          | 982,788    |   |          |   | 337,000 |   |
| Employee      loan receivable, net of current portion                                                                                                                                         |   |          | 38,000     |   |          |   | 40,000 |   |
| Station      and other receivables, net of current portion                                                                                                                                    |   |          | 151,160    |   |          |   | 37,500 |   |
| Investment      in real estate                                                                                                                                                                |   |          | 40,000     |   |          |   | 40,000 |   |
| Deposits      and other assets                                                                                                                                                                |   |          | 153,116    |   |          |   | 359,606 |   |
| Deferred      tax asset  - long term                                                                                                                                                |   |          | 106,023    |   |          |   | — |   |
| Total      long term assets                                                                                                                                                                   |   |          | 3,490,844  |   |          |   | 3,993,149 |   |
| Total      assets                                                                                                                                                                             |   | $             | 28,211,419 |   |          | $      | 24,763,833 |   |
|                                                                                                                                                                                          |   |          |       |   |          |   |   |   |
| LIABILITIES      AND STOCKHOLDERS' EQUITY (DEFICIT)                                                                                                                                           |   |          |       |   |          |   |   |   |
| Current      liabilities -                                                                                                                                                                    |   |          |       |   |          |   |   |   |
| Accounts      payable and accrued transportation costs                                                                                                                                        |   | $             | 16,004,814 |   |          | $      | 13,249,628 |   |
| Commissions      payable                                                                                                                                                                      |   |          | 2,119,503  |   |          |   | 1,323,004 |   |
| Other      accrued costs                                                                                                                                                                      |   |          | 538,854    |   |          |   | 472,202 |   |
| Income      taxes payable                                                                                                                                                                     |   |          | 76,309     |   |          |   | — |   |
| Due      to former Adcom shareholder                                                                                                                                                          |   |          | 603,205    |   |          |   | 2,153,721 |   |
| Total      current liabilities                                                                                                                                                                |   |          | 19,342,685 |   |          |   | 17,198,555 |   |
|                                                                                                                                                                                          |   |          |       |   |          |   |   |   |
| Long      term debt                                                                                                                                                                           |   |          | 7,641,021  |   |          |   | 7,869,110 |   |
| Other      long term liabilities                                                                                                                                                              |   |          | 439,905    |   |          |   | — |   |
| Deferred      tax liability                                                                                                                                                                   |   |          | —    |   |          |   | 352,387 |   |
| Total      long term liabilities                                                                                                                                                              |   |          | 8,080,926  |   |          |   | 8,221,497 |   |
| Total      liabilities                                                                                                                                                                        |   |          | 27,423,611 |   |          |   | 25,420,052 |   |
|                                                                                                                                                                                          |   |          |       |   |          |   |   |   |
| Stockholders'      equity (deficit):                                                                                                                                                          |   |          |       |   |          |   |   |   |
| 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, 2010 – 31,273,461; June 30, 2009 –      34,106,960 |   |          | 16,157     |   |          |   | 16,157 |   |
| Additional      paid-in capital                                                                                                                                                               |   |          | 8,108,239  |   |          |   | 7,889,458 |   |
| Treasury      stock, at cost, 3,428,499 and 595,000 shares, respectively                                                                                                                      |   |          | (936,190   | )      |          |   | (138,250 | ) |
| Retained      deficit                                                                                                                                                                         |   |          | (6,646,946 | )      |          |   | (8,425,491 | ) |
| Total      Radiant Logistics, Inc. Stockholders’ equity (deficit)                                                                                                                       |   |          | 721,260    |   |          |   | (658,126 | )  |
|         Non-controlling      interest                                                                                                                 |   |          | 66,548     |   |          |   | 1,907 |   |
| Total      stockholders’ equity (deficit)                                                                                                                                               |   |          | 787,808    |   |          |   | (656,219 | ) |
| Total      liabilities and stockholders’ equity (deficit)                                                                                                                               |   | $             | 28,211,419 |   |          | $      | 24,763,833 |   |

----

RADIANTLOGISTICS, INC.

|                                                              |   | THREE      MONTHS ENDEDJUNE      30, |       |   | YEAR      ENDEDJUNE      30, |   |
|-------------------------------------------------------------------|--------|--------------------------------------|------------|--------|------------------------------|--------|
|                                                              |   | 2010                                 |       |   | 2009                         |   |   | 2010 |   |   | 2009 |   |
|                                                              |   |                                 |       |   |                         |   |   |   |   |   |   |   |
| Revenue                                                           |   | $                                    | 40,707,751 |   |                         | $      | 32,360,984 |   |   | $ | 146,715,556 |   |   | $ | 136,996,319 |   |
| Cost      of transportation                                       |   |                                 | 27,472,232 |   |                         |   | 22,212,677 |   |   |   | 101,085,752 |   |   |   | 91,427,781 |   |
| Net      revenues                                                 |   |                                 | 13,235,519 |   |                         |   | 10,148,307 |   |   |   | 45,629,804 |   |   |   | 45,568,538 |   |
|                                                              |   |                                 |       |   |                         |   |   |   |   |   |   |   |   |   |   |   |
| Agent      commissions                                            |   |                                 | 8,978,132  |   |                         |   | 7,029,479 |   |   |   | 31,376,580 |   |   |   | 30,565,136 |   |
| Personnel      costs                                              |   |                                 | 1,480,015  |   |                         |   | 1,371,892 |   |   |   | 5,882,251 |   |   |   | 6,920,914 |   |
| Selling,      general and administrative expenses                 |   |                                 | 1,494,613  |   |                         |   | 954,200 |   |   |   | 4,295,188 |   |   |   | 4,286,572 |   |
| Depreciation      and amortization                                |   |                                 | 416,333    |   |                         |   | 476,036 |   |   |   | 1,598,195 |   |   |   | 1,743,159 |   |
| Restructuring      charges                                        |   |                                 | —    |   |                         |   | — |   |   |   | — |   |   |   | 220,000 |   |
| Goodwill      impairment                                          |   |                                 | —    |   |                         |   | — |   |   |   | — |   |   |   | 11,403,342 |   |
|       Total      operating expenses |   |                                 | 12,369,093 |   |                         |   | 9,831,607 |   |   |   | 43,152,214 |   |   |   | 55,139,123 |   |
|                                                              |   |                                 |       |   |                         |   |   |   |   |   |   |   |   |   |   |   |
| Income      (loss) from operations                                |   |                                 | 866,426    |   |                         |   | 316,700 |   |   |   | 2,477,590 |   |   |   | (9,570,585 | ) |
|                                                              |   |                                 |       |   |                         |   |   |   |   |   |   |   |   |   |   |   |
| Other      income (expense):                                      |   |                                 |       |   |                         |   |   |   |   |   |   |   |   |   |   |   |
| Interest      income                                              |   |                                 | 5,778      |   |                         |   | 4,641 |   |   |   | 44,181 |   |   |   | 13,540 |   |
| Interest      expense                                             |   |                                 | (36,642    | )      |                         |   | (50,423 | ) |   |   | (178,837 | ) |   |   | (216,893 | ) |
| Gain      on extinguishment of debt                               |   |                                 | 135,012    |   |                         |   | — |   |   |   | 135,012 |   |   |   | 190,000 |   |
| Gain      on litigation settlement                                |   |                                 | —    |   |                         |   | — |   |   |   | 354,670 |   |   |   | — |   |
| Other                                                             |   |                                 | 84,554     |   |                         |   | (110,108 | ) |   |   | 338,724 |   |   |   | (75,005 | ) |
|      Total      other income (expense)   |   |                                 | 188,702    |   |                         |   | (155,890 | ) |   |   | 693,750 |   |   |   | (88,358 | ) |
|                                                              |   |                                 |       |   |                         |   |   |   |   |   |   |   |   |   |   |   |
| Income      (loss) before income tax expense                      |   |                                 | 1,055,128  |   |                         |   | 160,810 |   |   |   | 3,171,340 |   |   |   | (9,658,943 | ) |
|                                                              |   |                                 |       |   |                         |   |   |   |   |   |   |   |   |   |   |   |
| Income      tax expense                                           |   |                                 | (175,438   | )      |                         |   | (210,793 | ) |   |   | (1,094,154 | ) |   |   | (43,912 | ) |
|                                                              |   |                                 |       |   |                         |   |   |   |   |   |   |   |   |   |   |   |
| Net      income (loss)                                            |   |                                 | 879,690    |   |                         |   | (49,983 | ) |   |   | 2,077,186 |   |   |   | (9,702,855 | ) |
|                                                              |   |                                 |       |   |                         |   |   |   |   |   |   |   |   |   |   |   |
| Less:      Net income attributable to non-controlling interest    |   |                                 | (35,412    | )      |                         |   | (7,088 | ) |   |   | (118,641 | ) |   |   | (26,691 | ) |
|                                                              |   |                                 |       |   |                         |   |   |   |   |   |   |   |   |   |   |   |
| Net      income (loss) attributable to Radiant Logistics, Inc.    |   | $                                    | 844,278    |   |                         | $      | (57,071 | ) |   | $ | 1,958,545 |   |   | $ | (9,729,546 | ) |
|                                                              |   |                                 |       |   |                         |   |   |   |   |   |   |   |   |   |   |   |
| Net      income (loss) per common share – basic             |   | $                                    | .03        |   |                         | $      | — |   |   | $ | .06 |   |   | $ | (.28 | ) |
| Net      income (loss) per common share – diluted           |   | $                                    | .03        |   |                         | $      | — |   |   | $ | .06 |   |   | $ | (.28 | ) |
|                                                              |   |                                 |       |   |                         |   |   |   |   |   |   |   |   |   |   |   |
| Weighted      average shares outstanding:                         |   |                                 |       |   |                         |   |   |   |   |   |   |   |   |   |   |   |
| Basic      shares                                                 |   |                                 | 31,887,727 |   |                         |   | 34,615,751 |   |   |   | 32,548,492 |   |   |   | 34,678,755 |   |
| Diluted      shares                                               |   |                                 | 32,062,153 |   |                         |   | 34,615,751 |   |   |   | 32,720,019 |   |   |   | 34,678,755 |   |

----

|                                                                                                          |   | THREE      MONTHS ENDEDJUNE      30, |       |   | YEAR      ENDEDJUNE      30, |   |
|---------------------------------------------------------------------------------------------------------------|--------|--------------------------------------|------------|--------|------------------------------|--------|
|                                                                                                          |   | 2010                                 |       |   | 2009                         |   |   | 2010 |   |   | 2009 |   |
|                                                                                                          |   |                                 |       |   |                         |   |   |   |   |   |   |   |
| Adjusted      EBITDA                                                                                          |   | $                                    | 1,400,102  |   |                         | $      | 729,859 |   |   | $ | 4,246,124 |   |   | $ | 3,676,596 |   |
| Share      based compensation and other non-cash costs                                                        |   |                                 | (68,201    | )      |                         |   | (54,319 | ) |   |   | (314,696 | ) |   |   | (202,376 | ) |
| Goodwill      impairment                                                                                      |   |                                 | —    |   |                         |   | — |   |   |   | — |   |   |   | (11,403,342 | ) |
| Gain      on litigation settlement                                                                            |   |                                 | —    |   |                         |   | — |   |   |   | 354,670 |   |   |   | — |   |
| Business      & Occupancy tax refund                                                                      |   |                                 | —    |   |                         |   | — |   |   |   | 364,440 |   |   |   | — |   |
| Gain      on extinguishment of debt                                                                           |   |                                 | 135,012    |   |                         |   | — |   |   |   | 135,012 |   |   |   | 190,000 |   |
| EBITDA                                                                                                        |   |                                 | 1,466,913  |   |                         |   | 675,540 |   |   |   | 4,785,550 |   |   |   | (7,739,122 | ) |
|                                                                                                          |   |                                 |       |   |                         |   |   |   |   |   |   |   |   |   |   |   |
| Depreciation      and amortization                                                                            |   |                                 | (416,333   | )      |                         |   | (476,036 | ) |   |   | (1,598,195 | ) |   |   | (1,743,159 | ) |
| Interest      expense, net                                                                                    |   |                                 | (30,864    | )      |                         |   | (45,782 | ) |   |   | (134,656 | ) |   |   | (203,353 | ) |
| Income      tax expense                                                                                       |   |                                 | (175,438   | )      |                         |   | (210,793 | ) |   |   | (1,094,154 | ) |   |   | (43,912 | ) |
| Net      income (loss)                                                                                        |   |                                 | 844,278    |   |                         |   | (57,071 | ) |   |   | 1,958,545 |   |   |   | (9,729,546 | ) |
|                                                                                                          |   |                                 |       |   |                         |   |   |   |   |   |   |   |   |   |   |   |
| ADJUSTMENTS      TO RECONCILE NET INCOME (LOSS) TO NET CASH  PROVIDED BY      OPERATING ACTIVITIES: |   |                                 |       |   |                         |   |   |   |   |   |   |   |   |   |   |   |
| Non-cash      compensation expense (stock options)                                                            |   |                                 | 54,939     |   |                         |   | 50,045 |   |   |   | 218,781 |   |   |   | 173,759 |   |
| Stock      issued for investor relations services                                                             |   |                                 | —    |   |                         |   | — |   |   |   | — |   |   |   | 12,082 |   |
| Amortization      of intangibles                                                                              |   |                                 | 283,654    |   |                         |   | 349,155 |   |   |   | 1,159,286 |   |   |   | 1,263,370 |   |
| Deferred      income tax benefit                                                                              |   |                                 | (4,021     | )      |                         |   | (153,623 | ) |   |   | (433,125 | ) |   |   | (1,421,657 | ) |
| Amortization      of bank fees                                                                                |   |                                 | 3,486      |   |                         |   | 4,277 |   |   |   | 40,748 |   |   |   | 16,534 |   |
| Depreciation      and leasehold amortization                                                                  |   |                                 | 132,679    |   |                         |   | 126,881 |   |   |   | 438,909 |   |   |   | 479,789 |   |
| Goodwill      impairment                                                                                      |   |                                 | —    |   |                         |   | — |   |   |   | — |   |   |   | 11,403,342 |   |
| Gain      on early extinguishment of debt                                                                     |   |                                 | (135,012   | )      |                         |   | — |   |   |   | (135,012 | ) |   |   | (190,000 | ) |
| Gain      on litigation settlement                                                                            |   |                                 | —    |   |                         |   | — |   |   |   | (354,670 | ) |   |   | — |   |
| Change      in non-controlling interest                                                                       |   |                                 | 35,412     |   |                         |   | 7,087 |   |   |   | 118,641 |   |   |   | 26,691 |   |
| Change      in provision for doubtful accounts                                                                |   |                                 | (43,358    | )      |                         |   | (224,867 | ) |   |   | (54,988 | ) |   |   | (90,766 | ) |
| CHANGE      IN OPERATING ASSETS AND LIABILITIES:                                                              |   |                                 |       |   |                         |   |   |   |   |   |   |   |   |   |   |   |
| Accounts      receivable                                                                                      |   |                                 | (2,926,971 | )      |                         |   | (685,019 | ) |   |   | (4,038,459 | ) |   |   | 7,669,229 |   |
| Employee      receivable and other receivables                                                                |   |                                 | 617,816    |   |                         |   | (4,591 | ) |   |   | 266,971 |   |   |   | (113,884 | ) |
| Income      tax deposit                                                                                       |   |                                 | —    |   |                         |   | 340,208 |   |   |   | 535,074 |   |   |   | (450,046 | ) |
| Prepaid      expenses, deposits and other assets                                                              |   |                                 | (599,388   | )      |                         |   | 87,672 |   |   |   | (736,705 | ) |   |   | 259,356 |   |
| Checks      issued in excess of funds                                                                         |   |                                 | (44,148    | )      |                         |   | — |   |   |   | — |   |   |   | — |   |
| Accounts      payable & accrued transportation costs                                                      |   |                                 | 2,946,711  |   |                         |   | 1,304,469 |   |   |   | 2,750,911 |   |   |   | (5,210,752 | ) |
| Commissions      payable                                                                                      |   |                                 | 696,986    |   |                         |   | (46,043 | ) |   |   | 796,499 |   |   |   | 186,145 |   |
| Other      long term liabilities                                                                              |   |                                 | 416,361    |   |                         |   | — |   |   |   | 439,905 |   |   |   | — |   |
| Other      accrued costs                                                                                      |   |                                 | (64,424    | )      |                         |   | (332,402 | ) |   |   | (212,836 | ) |   |   | (16,368 | ) |
| Due      to former Adcom shareholder                                                                          |   |                                 | —    |   |                         |   | — |   |   |   | (20,834 | ) |   |   | — |   |
| Income      taxes payable                                                                                     |   |                                 | (200,303   | )      |                         |   | — |   |   |   | 76,309 |   |   |   | (498,142 | ) |
|                                                                                                          |   |                                 |       |   |                         |   |   |   |   |   |   |   |   |   |   |   |
| Net      cash provided by operating activities                                                                |   | $                                    | 2,014,697  |   |                         | $      | 766,178 |   |   | $ | 2,813,950 |   |   | $ | 3,769,136 |   |
|                                                                                                          |   |                                 |       |   |                         |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                          |   |                                 |       |   |                         |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                          |   |                                 |       |   |                         |   |   |   |   |   |   |   |   |   |   |   |

----