ADW Capital, shareholder of Radiant Logistics, Inc. (AMEX:RLGT) requests mangement of Radiant Logistics, to seek for strategic partner or acquirer. ADW Capital added, "As management seems unable to correct this situation, and for the reasons outlined below, I urge the Company and the Board to immediately engage a financial advisor in order to explore a transaction with a strategic partner or acquirer."

Radiant Logistics, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2013. For the quarter, the company reported revenue of $72,790,313 compared to $70,748,655 a year ago. Net revenues were $21,607,068 compared to $20,316,836 a year ago. Income from operations was $2,540,530 compared to $299,114 a year ago. Income before income tax benefit was $2,077,955 compared to loss before income tax expense of $72,379 a year ago. Net income was $911,028 compared to net loss of $26,647 a year ago. Net income attributable to the company was $881,810 or $0.02 per diluted share compared to net loss attributable to the company of $74,617 or $0.00 per diluted share a year ago. Adjusted net income before taxes was $2,469,448 compared to $1,596,463 a year ago. EBITDA was $3,469,578 compared to $1,378,505 a year ago. Adjusted EBITDA was $2,909,198 compared to $1,607,736 a year ago. Adjusted net income was $1,531,058 or $0.04 per diluted share compared to $989,807 or $0.03 per diluted share a year ago. For the nine months, the company reported revenue of $230,116,528 compared to $215,195,428 a year ago. Net revenues were $65,370,758 compared to $61,804,337 a year ago. Income from operations was $3,390,832 compared to $2,523,914 a year ago. Income before income tax expense was $2,509,268 compared to $1,979,022 a year ago. Net income was $1,399,993 compared to $1,135,319 a year ago. Net income attributable to the company was $1,305,743 compared to $997,907 a year ago. Basic and diluted net income per common share was $0.04 compared to $0.03 a year ago. Adjusted net income before taxes was $6,169,677 compared to $5,618,384 a year ago. EBITDA was $6,969,919 compared to $4,624,129 a year ago. Adjusted EBITDA was $7,449,476 compared to $5,187,528 a year ago. Adjusted net income was $3,825,200 or $0.11 per diluted share compared to $3,483,398 or $0.10 per diluted share a year ago. For the fiscal quarter ending June 30, 2013, the company expected revenue to be in the range of $625,000 to $932,000 or $0.02 to $0.03 per basic and diluted share, depreciation and amortization of $925,000, adjusted net income to be in the range of $1,286,000 to $1,597,000 or $0.03 to $0.04 per diluted share, EBITDA to be in the range of $2,425,000 to $2,925,000 and adjusted EBITDA to be in the range of $2,600,000 to $3,100,000.

Radiant Logistics, Inc., Q3 2013 Earnings Call, May 15, 2013

On April 26, 2013, Radiant Logistics, Inc. hired Robert L. Hines, Jr., to serve as its Senior Vice-President, General Counsel and Secretary. Mr. Hines will start with on May 6, 2013. Prior to joining the company, Mr. Hines (age 53), from 2007 to 2013, served as Managing/Principal Attorney for T-Mobile USA, Inc.

On April 12, 2013, Alesia Pinney, General Counsel of Radiant Logistics, Inc., provided notice of her decision to resign from her positions with the company. The effective date of Ms. Pinney's resignation is April 26, 2013.