Radiant Logistics Acquires New York-JFK Based ALBS Logistics

• Monday, February 27th, 2012

BELLEVUE, WA February 27, 2012 – Radiant Logistics, Inc. (AMEX: RLGT), a domestic and international logistics services company, today announced it has acquired ALBS Logistics, a New York-JFK based, privately held company that provides a full range of domestic and international transportation and logistics services across North America. The Company paid approximately fifty percent (50%) of the expected purchase price at close with the balance payable in subsequent periods based on the future performance of the acquired operation.

Founded in 1997, ALBS services a diversified account base including manufacturers, distributors and retailers from its strategic international gateway location at the New York-JFK airport. From inception through the date of acquisition, ALBS operated as part of a competing national transportation group at New York’s JFK airport. Based on historic financial statements provided by its management, ALBS generated approximately $20.0 million in revenues for the twelve months ended August 31, 2011. On a post-closing basis, ALBS will operate as Radiant’s international gateway at the JFK airport supporting the Company’s 100+ company-owned and agency locations across North America and international partners around the world.

“We are proud to announce our partnership with Arthur Lih, Bob Sweet and the entire JFK team,” remarked Radiant’s Founder and CEO, Bohn Crain. “The ALBS organization is well known within our industry as one of the best performing operators in the market and we are very excited to have them choose us as their partner. We have purposefully positioned ourselves to bring value to logistics entrepreneurs like Arthur and Bob and believe that the ALBS transaction is representative of the broader pipeline of opportunities available to us in the marketplace. We also believe the transaction is further validation of the strength of our value proposition in the marketplace, which is to bring new value to the agent based forwarding community by: (1) leveraging our status as a public company to provide our partners with an opportunity to share in the value they help create; (2) providing a robust platform in terms of people, process and technology which translates into better purchasing power with our vendors and more sophisticated e-business solutions for our customers; and (3) offering a unique opportunity in terms of succession planning and liquidity for our station owners. We are still very early in the process and believe we will have the opportunity to welcome a number of additional like-minded entrepreneurs who can benefit from the Radiant platform.”

Crain continued: “We have been making good strides over the past 12 months with our recent up-listing to the NYSE Amex and progress on the acquisition front. With our recent acquisitions of the Distribution By Air network in April of 2011, the Laredo gateway in December of 2011 and now the ALBS transaction at JFK, our strategy continues to deliver solid growth. With the benefit of the ALBS transaction we are also providing preliminary guidance for our fiscal year ending June 30, 2013 of approximately $14.0 million in adjusted EBITDA on $330 million in annual revenues, up 33.3% over what we are projecting for our fiscal year ending June 30, 2012. This remains a very exciting time in the evolution of Radiant. The pipeline remains strong and we continue to enjoy significant financial flexibility to execute our growth strategy – for the benefit of our operating partners, shareholders and the end customers that we serve.”

The Company’s estimate of future revenues and profits is based on the assumption that the cumulative historical financial results of operations of the Company, and its recent acquisitions of Distribution By Air, Laredo-based Isla International and ALBS for the most recent 12 months ended December 31, 2011, are indicative of the future financial performance of the combined group; that the anticipated cost synergies associated with the Distribution By Air transaction will be realized; and excludes the benefit of any additional acquisitions. A reconciliation of adjusted EBITDA to net income, the most directly comparable GAAP measure, appears at the end of this release.

Arthur Lih, of ALBS commented, “We are thrilled about joining Radiant. Through years of dedicated service, our customers have always remained our top priority whether they were here in U.S. or abroad. This philosophy has been key to our success. We were looking for a long term partner with that same passion for servicing the customer and a shared vision to further advance our business and provide an opportunity for growth for our employees. We found that partner in Radiant. Radiant has a real appreciation for the needs for the local owner/entrepreneur and a clear and achievable plan for building a world-class logistics organization. We are looking forward to leveraging our own strengths along with the capabilities of the Radiant network to bring additional value to our customers while enjoying the benefits of participating in an organization that, through its status as a public company, gives our team the opportunity to work as shareholders and participate in the value that we all help create.” Mr. Lih will continue as VP of Sales and Mr. Sweet as VP of Operations for Radiant’s JFK gateway location.

Supplemental Pro Forma Information

We believe that supplemental disclosure of our adjusted EBITDA, or earnings before interest, taxes, depreciation and amortization adjusted for stock-based compensation and other non-cash costs is a useful measure for investors because it eliminates the effect of certain non-cash costs and provides an important metric for our business. A summary of historical and projected revenues and earnings, presented as a reconciliation of annual pro forma adjusted EBITDA amounts to net income, the most directly comparable GAAP measure is as follows:

This supplemental pro forma financial information is presented for informational purposes only and is not a substitute for the historical financial information presented in accordance with accounting principles generally accepted in the United States.

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Atlanta
Adcom Worldwide  (ATL)
5169 Southridge Parkway
Suite 106
College Park, GA
30349
T (404) 209-7071
F (404) 209-7603
Airgroup  (ATL)
4605 Coates Drive
Suite B
Fairburn, GA
30213
T (877) 821-7155
F (404) 941-1605
Distribution By Air  (ATL)
683 Atlanta South Parkway
Atlanta, GA
30349
T 877-991-2975
F 404-305-1629
MARYLAND
Baltimore
Distribution By Air  (BWI)
4711 Hollins Ferry Road
Suite 117
Baltimore, MD
21227
T 800-310-1033
F 410-863-1906
MINNESOTA
Bloomington
Radiant Global Logistics  (MSP)
396 American Blvd E
Bloomington, MN
55420
T 1-800-969-7928
Minneapolis
Airgroup  (MSP)
990 Lone Oak Road
Suite 122
Eagan, MN
55121
T (888) 463-8326
F (651) 681-0725
Distribution By Air  (MSP)
14575 Grand Avenue South
Burnsville, MN
55306
T 800-340-5097
F 952-378-2883
MASSACHUSETTS
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Adcom Worldwide  (BOS)
240 William F. McClellan Hwy.
East Boston, MA
02128
T (800) 370-7700
F (617) 567-3968
Distribution By Air  (BOS)
256 Marginal street #3
Boston, MA
02128
T 800-999-3734
F 617-569-0040
CALIFORNIA
Burbank
Airgroup  (BUR)
26007 Huntington Lane
Suite #2
Valencia, CA
91355
T (800) 635-5726
F (661) 294-3996
Los Angeles
Adcom Worldwide  (LAX)
17727 S. SUSANA ROAD
RANCHO DOMINGUEZ, CA
90220
T (310) 928-7525
F (310) 410-0104
Airgroup  (LAX)
601 SOUTH FIGUERORA STREET
SUITE 4050
Los Angeles, CA
90017
T 213.623.2307
F 213.402.2409
Adcom Worldwide  (LAX)
International Services
19300 S. Hamilton Ave. Suite 195
Gardena, CA
90248
T (877) 288-4416
F (310) 216-9625
Distribution By Air  (LAX)
17727 SOUTH SUSANA ROAD
RANCHO DOMINGUEZ, CA
90220
F 310-886-5695
Radiant Global Logistics  (LAX)
1421 Charles Willard Street
Carson, CA
90746
T (866) 225-5289
F (310) 743-8347
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Oakland
Airgroup  (OAK)
2138 Myrtle Beach Lane
Danville, CA
94526
T 925-406-4631
F 925-406-4634
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Adcom Worldwide  (SAN)
33830 CHANNEL STREET
TEMECULA, CA
92592
F 626-638-3296
Airgroup  (SAN)
13691 Danielson S.
Ste A
POWAY, CA
92064
F 858-750-1211
Sacramento
Adcom Worldwide  (SMF)
4300 Raley Blvd.
Sacramento, CA
95838
T (877) 700-2700
F (916) 922-6600
San Francisco
Adcom Worldwide  (SFO)
156 South Spruce Ave
Suite 211
South San Francisco, CA
94080
T (800) 219-9009
F (650) 871-7009
San Jose
Adcom Worldwide  (SJC)
4300 Raley Blvd
Sacramento, CA
95838
T (877) 700-2700
F (916)-922-6600
Airgroup  (SJC)
1972 HARTOG DRIVE
San Jose, CA
95131
T (877) 885-1840
F (408) 573-7600
Santa Ana
Adcom Worldwide  (SNA)
2346 E Walnut Avenue
Fullerton, CA
92831
T 714-870-7447
F 714-870-4647
ILLINOIS
Chicago
Radiant Global Logistics  (ORD)
800 N. Thomas Drive
Bensenville, IL
60106
F (847) 881-0881
Airgroup  (ORD)
610 Supreme Drive
Bensenville, IL
60106
T (800) 935-6588
F (847) 297-3985
Distribution By Air  (ORD)
1110 Lake Cook Road
Suite 245
Buffalo Grove, IL
60089
T 800-774-8376
F 847-215-0090
OHIO
CVG
Radiant Global Logistics  (CVG)
1150 Aviation Blvd.
Hebron, KY
41048
T 888-493-2744
F 859-371-8159
Cincinnati
Adcom Worldwide  (CVG)
1009 Sargent St.
Cincinnati, OH
45203
T (513) 241-4080
F (513) 241-3719
Airgroup  (CVG)
1512 Distribution Dr.
Burlington, KY
41005
T (859) 283-9890
F (859) 283-9903
Cleveland
Adcom Worldwide  (CLE)
16115 Puritas
Cleveland, OH
44135
F (216) 676-0042
Columbus
Airgroup  (CMH)
3614 Lake Mead Drive
Grove City, OH
43123
T (888) 404-4446
F (877) 302-8947
SOUTH CAROLINA
Charleston
Airgroup  (CHS)
102 W 8th North St.
Unit E
Summerville, SC
29483
T (800) 541-6470
F (843) 871-4968
Greenville
Adcom Worldwide  (GSP)
150 West Phillips Road
Suite H
Greer, SC
29650
T (864) 848-2886
F (864) 848-2711
NORTH CAROLINA
Charlotte
Adcom Worldwide  (CLT)
3401 INTERNATIONAL AIRPORT DR.
SUITE 200
Charlotte, NC
28208
T (704) 405-0691
F (704) 329-0315
Airgroup  (CLT)
218 Sigel Rd.
Fort Mill, SC
29715
T (800) 613-5959
F (803) 548-2951
Distribution By Air  (CLT)
1800 Associates Lane
Suite G
Charlotte, NC
28217
T 980-224-8451
F 980-224-8454
TEXAS
Dallas/Ft. Worth
Airgroup  (DFW)
801 B Port America Pl.
Grapevine, TX
76051
F (817) 488-4840
Houston
Airgroup  (IAH)
2700 Greens Road
Bldg. K Ste 400
Houston, TX
77032
T (866) 449-7001
F (281) 449-0992
Laredo
Radiant Global Logistics  (LAR)
4209 Pan American Blvd.
LAREDO, TX
78045
T 855-205-4908
F 956-790-0231
Radiant Global Logistics  (LRD)
216 West Village Blvd.
Suite 301
Laredo, TX
78041-2322
T 888-759-2200
F 956-728-8338
McAllen
Adcom Worldwide  (MFE)
3620 W MILITARY HWY
McAllen, TX
78503
F 956-213-8625
Radiant Global Logistics  (MFE)
1501 International Blvd,
Suite 500
Hidalgo, TX
78557
T 866-301-8326
SAT
Airgroup  (SAT)
3900 N. 10th Street
Ste. #1050
McAllen, TX
78501
San Antonio
Adcom Worldwide  (SAT)
9033 Aero Drive
Suite 200
San Antonio, TX
78217
T (210) 826-0860
F (210) 826-0064
COLORADO
Denver
Adcom Worldwide  (DEN)
16600 E 33rd Avenue
Unit 26
Aurora, CO
80011
T (888) 329-0702
F (303) 344-2302
Airgroup  (DEN)
14114 E. 100th Ln
Commerce City, CO
80022
T 855-550-6006
F 303-289-8082
Distribution By Air  (DEN)
11100 East 55th Avenue
Suite C
Denver, CO
80239
T 877-251-1791
F 303-783-4836
MICHIGAN
Detroit
Radiant Logistics Partners  (DTW)
25911 Northline Commerce Dr.
Suite 300
Taylor, MI
48180
T 800-521-1042
F 734-893-6645
OREGON
Eugene
Airgroup  (EUG)
24350 SE Bohna Park Road
Boring, OR
97089
T (800) 410-3454
F (503) 658-3569
Portland
Radiant Global Logistics  (PDX)
5440 SW Westgate Drive
Suite 325
Portland, OR
97221
T (800) 492-0107
F (503) 233-1522
FLORIDA
Fort Lauderdale
Adcom Worldwide  (FLL)
2640 Hollywood Blvd.
Suite 207
Hollywood, FL
33020
T 866-971-3247
F 954-927-4455
Distribution By Air  (FLL)
701 SE 32nd Court, Ste 205
Fort Lauderdale, FL
33316
F 954-527-1838
Miami
Airgroup  (AGE)
2500 NW 79TH AVE
SUITE 122/123
DORAL, FL
33122
T 305-909-2243
F 305-851-5222
Adcom Worldwide  (MIA)
2125 NW 86TH AVE
Doral, FL
33122
T (866) 612-3266
F (305) 471-4807
Orlando
Adcom Worldwide  (MCO)
6745 Tamarind Circle
Orlando, FL
32818
T (407) 219-4883
F (407) 857-4672
Airgroup  (MCO)
2425 E Landstreet Rd Ste 700
Orlando, FL
32824
T 407-855-7751
F 407-855-7775
Tampa
Adcom Worldwide  (TPA)
5901 Benjamin Center Dr.
Suite 105
Tampa, FL
33634
T (888) 887-3747
F (813) 864-6661
Airgroup  (TPA)
5919 Fitzgerald Road
Odessa, FL
33556
T (800) 982-5096
F (813) 876-6711
PENNSYLVANIA
Harrisburg
Airgroup  (MDT)
900 Calcon Hook Rd
STE: 8
Sharon Hill, PA
19079
T (888) 313-1350
F (610) 543-5588
Philadelphia
Airgroup  (PHL)
28 South Main Street
2nd Floor, Suite 1
Allentown, NJ
08501
T (800) 892-2133
F (855) 208-9576
Distribution By Air  (PHL)
677 West Dekalb Pike
Ste 350
King of Prussia, PA
19406
T 800-310-1033
F 410-863-1906
Radiant Global Logistics  (PHL)
514 Kaiser Drive
Folcroft, PA
19032
T 800-719-0001
F 610-586-5511
Pittsburgh
Adcom Worldwide  (PIT)
1407 Parkway View Dr.
Pittsburgh, PA
15205
T 877-787-1020
F 412-787-2222
Adcom Worldwide  (PIT)
1407 Parkway View Dr.
Pittsburgh, PA
15205
T 877-787-1020
F 412-787-2222
CONNECTICUT
Hartford
Adcom Worldwide  (BDL)
12 Cedar St.
Unit E
East Hartford, CT
06108
T (800) 536-2326
F (860) 216-6878
Distribution By Air  (BDL)
70 Glendale Circle
Windsor Locks, CT
06096
INDIANA
Indianapolis
Airgroup  (IND)
5700 Minnesota, A-3
Indianapolis, IN
46241
T 800-969-2567
F 317-244-2609
HAWAII
Kahului
Airgroup  (OGG)
283 Lalo Street
Unit 202
Kahului, HI
96732
T 808-877-0088
F 808-877-0080
MISSOURI
Kansas City
Distribution By Air  (MCI)
609 EAST 17TH STREET
Kansas City, MO
64108
T 888-248-3554
F 816-880-0022
St. Louis
Airgroup  (STL)
4555 James S McDonnell Blvd
St. Louis, MO
63134
T (888) 423-5938
F (314) 423-6008
NEVADA
Las Vegas
Airgroup  (LAS)
4050 West Sunset Road
Suite B
Las Vegas, NV
89118
T (800) 688-6909
F (702) 798-8026
Reno
Airgroup  (RNO)
4348 Loreto Lane
Reno, NV
89502
T (530) 402-9108
F (775) 657-8649
ARKANSAS
Little Rock
Distribution By Air  (LIT)
1601 Westpark Drive
Suite 4C
Little Rock, AR
72204
F 501-725-4901
TENNESSEE
MEM
Radiant Global Logistics  (MEM)
4320 Executive Drive
Suite 200
Southaven, MS
38672
NEW HAMPSHIRE
Manchester
Airgroup  (MHT)
125 Aviation Avenue
Suite 5
Portsmouth, NH
03801
T 866-344-4248
F 603-431-1621
WISCONSIN
Milwaukee
Airgroup  (MKE)
3383 East Layton Avenue
2nd Floor
Cudahy, WI
53110
T (414) 481-6161
F (414) 481-5920
NEW YORK
New York City
Adcom Worldwide  (JFK)
145 Hook Creek Blvd
Bldg B6B 2nd Floor
Valley Stream, NY
11581
T (800) 221-6020
F (516) 593-1635
Radiant Global Logistics  (JFK)
222 Crossways Park Drive
Woodbury, NY
11797
T 888-456-6602
F 718-995-0821
D.C. Metro
Northern Virginia
Airgroup  (BWI)
44190 Waxpool Rd.
Ste. 177
Ashburn, VA
20147
T (800) 297-6845
F (703) 483-8566
Washington DC
Adcom Worldwide  (DCA)
5655-D General Washington Dr
Alexandria, VA
22312-2403
T (800) 486-7447
F (703) 684-3925
OKLAHOMA
OKLAHOMA CITY
Adcom Worldwide  (OKC)
4020 Will Rogers Parkway
Suite 600
OKLAHOMA CITY, OK
73108
T 855-711-1111
F 405-516-1363
Tulsa
Adcom Worldwide  (TUL)
10514 E PINE STREET
TULSA, OK
74116
T 800-585-8326
F 918-688-0329
Airgroup  (TUL)
160 S 122nd East Avenue
Tulsa, OK
74128
T (800) 934-3243
F (918) 438-0263
NEBRASKA
Omaha
Airgroup  (OMA)
11516 Nicholas Street
Suite 303
Omaha, NE
68154
T 888-665-7284
F 402-451-7822
Distribution By Air  (OMA)
5404 N 99th St.
Omaha, NE
68134
T 402-346-1141
F 402-346-1161
ARIZONA
Phoenix
Radiant Global Logistics  (PHX)
733 W. 22nd St
Tempe, AZ
85282
F 480-634-0834
Airgroup  (PHX)
1425 West 12th Place
Suite 101
Tempe, AZ
85281
T (800) 279-4250
F (480) 921-8635
Distribution By Air  (PHX)
3235 E Jackson
Phoenix, AZ
85034
T 877-446-1141
F 866-832-1161
TUCSON
Distribution By Air  (TUS)
1067 N. INDEPENDENCE AVE
TUCSON, AZ

Tuscon
Airgroup  (TUS)
1254 South Avienda Sirio
Tucson, AZ
85710
T 520-901-0306
F 520-300-5246
UTAH
Salt Lake City
Adcom Worldwide  (SLC)
5106 West Amelia Earhart Drive
Unit C
Salt Lake City, UT
84116
T (866) 364-3512
F (801) 364-3503
Distribution By Air  (SLC)
2905 W Parkway Blvd
Salt Lake City, UT
84119
T 801-410-4187
F 801-410-4747
Ontario
Toronto
Adcom Worldwide  (YYZ)
556 BRYNE DRIVE
UNIT 20
BARRIE, ON
L4N 9P6
T (905) 565-5755
F (905) 565-8332
Airgroup  (YYZ)
50 Fasken Drive
Unit 22
Toronto, ON
M9W 1K5
T (800) 263-1975
F (416) 640-0363
British Columbia
Vancouver BC
Airgroup  (YVR)
19088 25th Avenue
Unit 101-103
Surrey, B.C.
V3Z 3V2
T (800) 800-9536
F (604) 538-7122
KANSAS
Wichita
Airgroup  (ICT)
100 S Market St.
Suite 2G
Wichita, KS
67202
T 316-413-6111
F 316-755-9833
NEW JERSEY
Woodbridge
Radiant Global Logistics  (EWR)
10 Woodbridge Center Drive
Ste 1010
Woodbridge, NJ
07095
T 800-272-1379
F 732-874-7001
Radiant Headquarters
405 114th Ave SE
Third Floor
Bellevue, WA 98004
Toll Free: (800) 843-4784
Local: (425) 462-1094
Fax: (425) 462-0768