BELLEVUE, Wash., Feb. 20, 2007 (PRIME NEWSWIRE) -- Radiant Logistics, Inc. (OTCBB:RLGT), a domestic and international freight forwarding and logistics services company, today announced the launch of Radiant Logistics Global Services, Inc. ("Global Services") to compliment its existing Airgroup operations with incremental international air and ocean freight forwarding and logistics capabilities at key gateways across the United States. Industry veteran, Gary Syner joins the Company as Vice President of International Services and will assume overall responsibility for the continued development of the Company's overseas network of international agents and act as a resource for the entire organization to coordinate the Company's international activities.
"We are very excited to have Gary joining our team," said Bohn Crain, Radiant's Chairman and CEO. "International is a very important part of our overall growth strategy at Radiant. Our customers are exporting products worldwide and sourcing products globally and we want to be there with the resources to support them every step of the way. In addition, as we continue our network expansion and on-boarding of additional offices here in the U.S., it is important that we give our people access to the tools necessary to offer comprehensive one-stop global logistics solutions in their local markets. A robust international network and service offering is one of those important tools. Gary brings with him his 29 years of industry experience and a full and complete understanding of how to work along side our network of exclusive agent offices to successfully operate and grow our international ocean, air and customs brokerage service offerings. We are expecting significant growth in our international book of business through the collaborative approach underway."
"Radiant and Airgroup combine to represent a unique and compelling value proposition in today's marketplace," said Mr. Syner. "I see a real opportunity to compliment the great work being done at Airgroup today and to help accelerate Radiant's already impressive growth. The Global marketplace is ripe for a progressive international sales and service driven U.S. organization that is putting emphasis on import sales, vertical market specialization and lane segment development with key overseas partners. This will be the cornerstone of our new development."
About Airgroup Corporation
Airgroup Corporation (www.airgroup.com) is a wholly-owned subsidiary of Radiant Logistics, Inc. Airgroup, founded in 1987, provides the platform for Radiant's freight forwarding and logistics operations and services a diversified account base including manufacturers, distributors and retailers through its extensive network of 36 exclusive agent offices located across North America. In recent months Airgroup has opened new offices in Seattle, Washington; Los Angeles and Long Beach, California; Dallas/Ft.Worth, Texas; Portland, Oregon; and Chicago, Illinois. To learn more about how to join the Airgroup network please call contact Bill Moultrie at (425) 462-1094x 514.
About Radiant Logistics (OTCBB:RLGT)
Radiant Logistics (www.radiant-logistics.com) is executing a strategy to build a global transportation and supply chain management company through organic growth and the strategic acquisition of regional best-of-breed non-asset based transportation and logistics providers to offer its customers domestic and international freight forwarding and an expanding array of value added supply chain management services, including asset recovery and reverse logistics, order fulfillment, inventory management and warehousing. For more information about the international capabilities of Radiant Logistics, please contact Gary Syner at (714) 730-2222.
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding future operating performance, events, trends and plans. We have based these forward-looking statements on our current expectations and projections about future events. These forward-looking statements are not guarantees and are subject to known and unknown risks, uncertainties and assumptions about us that may that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. While it is impossible to identify all of the factors that may cause our actual operating performance, events, trends or plans to differ materially from those set forth in such forward looking statements, we have identified certain of the more salient risk factors such factors include, but are not limited to, the level of economic activity of our current customers, our ability to attract and retain new and existing customers, competitive conditions in our industry, our ability to successfully integrate newly established stations into our network, our ability to maintain relationships with our exclusive agents, our ability to identify and secure additional financing to execute our growth strategy, and those other factors disclosed in our Transition Report on Form 10-KT under the caption "Risk Factors" and other filings with Securities and Exchange Commission and other public documents and press releases which can be found on our web-site (www.radiant-logistics.com). Readers are cautioned not to place undue reliance on our forward- looking statements, as they speak only as of the date made. Such statements are not guarantees of future performance or events and we undertake no obligation to disclose any revision to these forward-looking statement to reflect events or circumstances occurring after the date hereof.