September 28, 2011

Geeknet to Present at Craig-Hallum 2nd Annual Alpha Select Conference

FAIRFAX, Va., Sept. 28, 2011 (GLOBE NEWSWIRE) -- Geeknet, Inc. (Nasdaq:GKNT), the online network for the global geek community, today announced that management will present at the Craig-Hallum 2nd Annual Alpha Select Conference in New York, NY on Thursday, October 6 at 1:30 p.m. EDT.

A webcast of the presentation will be available on the company's investor relations website at http://investors.geek.net/events.cfm

About Geeknet, Inc.

Geeknet is the online network for the global geek community. Our sites include SourceForge, Slashdot, ThinkGeek, and freshmeat. We serve an audience of nearly 53 million users* each month and provide the tech-obsessed with content, culture, connections, commerce, and all the things that geeks crave. Want to learn more? Check out geek.net.

(*August 2011 Unique Visitors 52.9M. Source: Google Analytics and Omniture)

Geeknet is a trademark of Geeknet, Inc. SourceForge, Slashdot, ThinkGeek, and freshmeat are trademarks of Geeknet, Inc. in the United States and other countries. All other trademarks or product names are property of their respective owners.

The Geeknet, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7330

NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "may," "could," "should," "anticipate," "potential," "intend," "expect," "believe," and variations of such words and similar expressions, are intended to identify such forward-looking statements, which include, but are not limited to, statements regarding our expectations and beliefs regarding growth prospects for our e-commerce businesses. These statements are based on our current expectations, and involve risks and uncertainties.  Actual results may differ materially from those expressed or implied in such forward-looking statements due to various factors, including: the ability to grow revenues and achieve and maintain profitability.  Investors should consult our filings with the Securities and Exchange Commission, sec.gov, including the risk factors section of our Annual Report on Form 10-K for the year ended December 31, 2010 and our quarterly report on Form 10-Q for the period ending June 30, 2011, for further information regarding these and other risks of our business. All forward-looking statements included in this press release are based upon information available to us as of the date hereof, and we do not assume any obligations to update such statements or the reasons why actual results could differ materially from those projected in such statements.

CONTACT: Investor Relations Contact:

         The Blueshirt Group

         Todd Friedman, todd@blueshirtgroup.com

         Phone: (415) 217-7722


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