updated 12/14/2010 8:16:15 AM ET 2010-12-14T13:16:15

MOUNTAIN VIEW, Calif., Dec. 14, 2010 (GLOBE NEWSWIRE) -- Geeknet, Inc. (Nasdaq:GKNT), the online network for the global geek community, today announced an enhanced partnership with OSDN K.K. in Japan as part of an overall strategy for International growth of the media business.

Effective immediately, the agreement includes increased collaboration and cross-selling between the media parties. OSDN K.K., which owns and operates SourceForge.jp and Slashdot.jp, will now have access to sell Japan targeted advertising inventory on both SourceForge.net and Slashdot.org. Likewise, Geeknet's sales force will begin to sell advertising on both .jp sites.

"We're thrilled to have a closer partnership with OSDN K.K.," said Scott Collison, President and GM of Media at Geeknet, "We now enjoy access to the Japanese market which is important to us."

OSDN K.K. both publishes localized content and translates the English versions into Japanese. OSDN K.K. has achieved much success with SourceForge.jp and Slashdot.jp with Unique Visitors at 1.67 million and 1.05 million, respectively in November 2010 (Source: Google Analytics). "In Japan, Open Source is popular and actively used from the administration level with increased cases of local governments switching to Open Source software," said Shuji Sado, President and CEO of OSDN K.K. "This strengthened partnership will enable us to connect Japan's concentration of electronics and IT related companies with the Global Open Source and tech savvy community. We are excited to have been given this opportunity."

About Geeknet, Inc. Geeknet is the online network for the global geek community. Our sites include SourceForge, Slashdot, ThinkGeek, Geek.com, and freshmeat. We serve an audience of over 57 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. (*November 2010 Unique Visitors 57.9M. Source: Google Analytics and Omniture)

Geeknet is a trademark of Geeknet, Inc. SourceForge, Slashdot, ThinkGeek, Geek.com, 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," "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 potential new revenue sources for our online media business. 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: increased revenues from the relationship with OSDN K.K. 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, 2009 and our quarterly report on Form 10-Q for the period ending September 30, 2010, 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:  Geeknet, Inc. 
          Jeff Horning
          +1 650 694-2134
          jhorning@geek.net

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

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