This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Radiant Logistics To Ring Opening Bell At The New York Stock Exchange

Stocks in this article: RLGT

BELLEVUE, Wash., June 28, 2012 /PRNewswire/ -- Radiant Logistics, Inc. (NYSE MKT: RLGT), a domestic and international transportation and logistics services company, is pleased to announce that it will ring The Opening Bell at the New York Stock Exchange (NYSE) on Friday, July 6th, 2012, to commemorate the Company's recent listing on the NYSE MKT.  Radiant's common stock began trading on the NYSE exchange on January 11th, 2012 and was also recently added to the Russell Microcap Index.  The Company operates under the Radiant, Airgroup, Adcom, and Distribution By Air (DBA) brands servicing a diversified account base including manufacturers, distributors and retailers using a network of independent carriers and international agents positioned strategically around the world.

(Logo: http://photos.prnewswire.com/prnh/20110606/CL14193LOGO )

"We are honored that the NYSE has invited us to ring The Opening Bell as it not only gives us the opportunity to pause and celebrate our success to date, but also to acknowledge our appreciation for the support of our operating partners, carriers, shareholders and hard-working employees that have come together to make Radiant one of the fastest growing transportation and logistics companies in North America," said Bohn Crain, Radiant's Founder and CEO.  "The key to our success rests in the nature of our scalable, non-asset based business model and the compelling value proposition that we bring to the marketplace. Our focus and commitment remains on providing value to the agent-based forwarding community by: leveraging our status as a public company to provide our partners with an opportunity to share in the value that they help create; providing a robust platform that translates into better purchasing power with our vendors and more sophisticated technology solutions for our customers; and offering a unique opportunity in terms of succession planning and liquidity for our station owners. Many of our station owners are also shareholders and we are proud to represent them on the floor of the NYSE Exchange on July 6th."

The Company launched its operations with the platform acquisition of Airgroup Corporation in January of 2006 and then proceeded, through a combination of organic growth and strategic acquisition initiatives, to build a network of over 100 company-owned and exclusive agent offices across North America generating more than $300 million in annualized revenues.  Radiant's growth and transformation through the years incorporates many significant accomplishments, including: the 2008 acquisition of the Adcom Worldwide network; the 2011 acquisition of the DBA network; the 2011 purchase of Laredo, Texas based Isla International; and the 2012 purchase of New York-JFK based ALBS Logistics. 

Radiant has been able to leverage its status as a public company by offering alternative exit strategies to smaller-to-midsize freight forwarders, independent stations and agent-based networks looking for an acquisition partner. The Company's flexible offering of an outright purchase, or the opportunity to participate in the Radiant Network as an independent owner with the option to sell at a later date, has been well received in the marketplace.  Historically, potential network candidates have been receptive to Radiant's acquisition program because they are often too small to be identified as acquisition targets by larger public companies or to independently attempt their own public offerings. Radiant's value proposition has also been able to deliver consistent organic growth with many entrepreneurs choosing to join as an independent agent station with the thought of selling at a later date.  This allows them the unique opportunity to align themselves with a publicly-traded network enterprise, with access to Radiant's buying power, technology platform and international partner network to better support their customers – all while preserving their option for liquidity downstream.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs