BELLEVUE, WA, June 28th, 2012 – Radiant Logistics, Inc. (NYSE MKT: RLGT), a domestic and international transportation and logistics services company, is pleased to announce that it will ring The Opening Bell at the New York Stock Exchange (NYSE) on Friday, July 6th, 2012, to commemorate the Company’s recent listing on the NYSE MKT. Radiant’s common stock began trading on the NYSE exchange on January 11th, 2012 and was also recently added to the Russell Microcap Index. The Company operates under the Radiant, Airgroup, Adcom, and Distribution By Air (DBA) brands servicing a diversified account base including manufacturers, distributors and retailers using a network of independent carriers and international agents positioned strategically around the world.
“We are honored that the NYSE has invited us to ring The Opening Bell as it not only gives us the opportunity to pause and celebrate our success to date, but also to acknowledge our appreciation for the support of our operating partners, carriers, shareholders and hard-working employees that have come together to make Radiant one of the fastest growing transportation and logistics companies in North America,” said Bohn Crain, Radiant’s Founder and CEO. “The key to our success rests in the nature of our scalable, non-asset based business model and the compelling value proposition that we bring to the marketplace. Our focus and commitment remains on providing value to the agent-based forwarding community by: leveraging our status as a public company to provide our partners with an opportunity to share in the value that they help create; providing a robust platform that translates into better purchasing power with our vendors and more sophisticated technology solutions for our customers; and offering a unique opportunity in terms of succession planning and liquidity for our station owners. Many of our station owners are also shareholders and we are proud to represent them on the floor of the NYSE Exchange on July 6th.”
The Company launched its operations with the platform acquisition of Airgroup Corporation in January of 2006 and then proceeded, through a combination of organic growth and strategic acquisition initiatives, to build a network of over 100 company-owned and exclusive agent offices across North America generating more than $300 million in annualized revenues. Radiant’s growth and transformation through the years incorporates many significant accomplishments, including: the 2008 acquisition of the Adcom Worldwide network; the 2011 acquisition of the DBA network; the 2011 purchase of Laredo, Texas, based Isla International; and the 2012 purchase of New York-JFK based ALBS Logistics.
Radiant has been able to leverage its status as a public company by offering alternative exit strategies to smaller-to-midsize freight forwarders, independent stations and agent-based networks looking for an acquisition partner. The Company’s flexible offering of an outright purchase, or the opportunity to participate in the Radiant Network as an independent owner with the option to sell at a later date, has been well received in the marketplace. Historically, potential network candidates have been receptive to Radiant’s acquisition program because they are often too small to be identified as acquisition targets by larger public companies or to independently attempt their own public offerings. Radiant’s value proposition has also been able to deliver consistent organic growth with many entrepreneurs choosing to join as an independent agent station with the thought of selling at a later date. This allows them the unique opportunity to align themselves with a publicly-traded network enterprise, with access to Radiant’s buying power, technology platform and international partner network to better support their customers – all while preserving their option for liquidity downstream.
“We have certainly come a long way in seven short years and yet we feel we are only in the early stages of our development with the best yet to come,” added Crain. “The foundation has been laid and we are looking forward to continuing to build on this great platform to bring value to our shareholders, our operating partners and the end customers that we serve. Radiant Logistics – It’s the Network that Delivers!”
Members of Radiant’s Board of Directors, management and guests will join Mr. Crain as he rings The Opening Bell at 9:30 a.m. EST on July 6th, 2012. A live webcast of the ceremony will be available beginning at 9:29 a.m. EST at the NYSE’s website at www.nyse.com. Photos and video of the NYSE Bell Ringing Ceremony will also be available, courtesy of the NYSE, on Facebook (NYSE Euronext-Official Site), Twitter (@NYSE_Euronext) and YouTube (nysetv1).