BELLEVUE, Wash., April 2, 2007 (PRIME NEWSWIRE) -- Radiant Logistics, Inc. (OTCBB:RLGT), a domestic and international logistics services company, today announced its wholly owned subsidiary Airgroup Corporation ("Airgroup") made further gains in the growth of its North American operations, opening new offices in Minneapolis, Minnesota. Airgroup-MSP will operate as a new exclusive agent location and leverage the Company's robust technology platform and expanding global network to provide domestic and international freight forwarding and logistics services.
With over 23 years of experience, Tom Heinsen will lead Airgroup-MSP, servicing a diversified base of domestic and international customers. "Radiant and the Airgroup platform represent a compelling value proposition in today's marketplace," said Heinsen. "We view this as a unique opportunity to leverage the capabilities of the Airgroup network and Radiant's status as a public company to help drive value for our customers, our employees and ultimately help us take our business to the next level. In addition, through Radiant we have the opportunity to become stockholders and share in the value that we help create. This is a very exciting time for everyone involved and we are looking forward to flying the Radiant/Airgroup flag here in Minneapolis."
Radiant's Chairman and CEO, Bohn Crain, remarked, "This is another great win for us as we continue to grow our U.S. network. I am confident that Tom will have an immediate and positive impact to our organization and complement our efforts to expand our international freight forwarding capabilities."
Crain continued: "Our value proposition continues to gain momentum in the marketplace as we believe we are uniquely positioned and responsive to the needs of the entrepreneurial logistics professionals looking for a better way forward. We continue to aggressively purse an organic growth strategy to attract additional exclusive agent operations across North America and we are in various stages of dialogue/due diligence with a select number of additional candidates. We expect this organic initiative, along with our heightened focus on international forwarding through the recent launch of Radiant Logistics Global Services, will continue to deliver solid revenue growth in coming quarters."
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 exclusive agent offices across North America. In recent months Airgroup has opened new offices in Seattle, Los Angeles, Dallas/Ft. Worth, Portland, Chicago and Minneapolis. 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 Radiant Logistics, please contact Bohn Crain at (425) 943-4599.
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 in our 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.