, Jan. 9, 2012 /PRNewswire/ -- Radiant Logistics, Inc. (OTC QB: RLGT) (
), a domestic and international logistics services company, today announced that the company has been approved to trade shares of its common stock on the NYSE Amex stock exchange. Radiant Logistics anticipates its common stock will begin trading on the exchange on
January 11, 2012
, under the symbol RLGT. After commencement of trading on NYSE Amex, the Company's common stock will no longer be traded on the OTC Markets under the symbol RLGT.PK.
"We are honored to receive the approval for listing on the NYSE Amex and believe that the transition provides Radiant Logistics with increased exposure to institutional investors and investment funds, as well as more transparency for the market," stated
Bohn H. Crain
, Founder and CEO of Radiant Logistics. "Over the past several years we have methodically worked to expand our network, extend our domestic and international service offering and enhance our back-office infrastructure and today we enjoy one of the largest footprints and most comprehensive service offerings in our industry. The up-listing is an important milestone and natural progression in the evolution of our company as we continue to leverage our status as a public company to provide our partners with an opportunity to share in the value that they help create. We look forward to announcing other key milestones to a more expansive investment audience in the near future."
"We welcome Radiant Logistics to the NYSE Euronext family of listed companies and to NYSE Amex," said
, Co-Head of U.S. Listings and Cash Execution, NYSE Euronext. "Radiant Logistics and its shareholders will benefit from superior market quality and technology, a broad array of issuer and investor services, and a partnership with the Company and its shareholders."
About Radiant Logistics (OTC QB: RLGT)
Radiant Logistics (
) is a non-asset based third-party transportation & logistics provider with complete global reach, as well as one of the largest and fastest growing networks in
. The company delivers world-class transportation, logistics and information solutions to its customers, as well as growth, liquidity, and ongoing support for its strategic operating partners. Operating a network of over 100 company-owned and exclusive agent offices under the Airgroup, Adcom Worldwide, Distribution By Air and Radiant brands, the company services a diversified account base that includes manufacturers,
distributors and government agencies, using a network of independent carriers and international agents positioned strategically around the world.
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.
Such statements may include, without limitation, statements with respect to the Company's plans and objectives, projections, expectations and intentions. These forward-looking statements are based on current expectations, estimates and projections about the Company's industry, management's beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Because such statements involve risks and uncertainties, the actual results and performance of the Company may differ materially from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. Additional information concerning certain risks and uncertainties that could cause actual results to differ materially from that projected or suggested is contained in the Company's filings with the Securities and Exchange Commission ("SEC"), copies of which are available from the SEC or may be obtained upon request from the Company.