updated 4/6/2011 9:17:05 AM ET 2011-04-06T13:17:05

FAIRFAX, Va., April 6, 2011 (GLOBE NEWSWIRE) -- Geeknet, Inc. (Nasdaq:GKNT), the online network for the global geek community, today announced that it has named Jeffrey Drobick as President and Chief Executive Officer, Geeknet Media. Mr. Drobick will join the Office of the Chief Executive Officer which includes Chief Financial Officer Kathryn McCarthy, Chief Administrative Officer Carol DiBattiste and President and Chief Executive Officer of ThinkGeek Caroline Offutt. He will report to Ken Langone, Executive Chairman and Chief Executive Officer of Geeknet and will be based out of San Francisco, CA.

Mr. Drobick spent the past 12 years with eBay, most recently as Vice President, Customer Service Technology Solutions. While at eBay, Mr. Drobick held a variety of positions in product development responsible for analytic infrastructure, user behavioral insight, marketing, merchandising, and advertising technology. His teams were the technology partners in developing eBay's advertising business, driving increased traffic optimization, launching eBay Partner Network, and creating retention marketing across all channels within internet, direct and onsite marketing. Prior to that, he held leadership roles in Information Technology, helping to build the core systems that enabled eBay's rapid growth into international markets. Prior to eBay, Mr. Drobick spent nearly 8 years at Accenture, formerly Andersen Consulting, in their Global Technology Information Services practice serving clients in the products, government, utilities, food service, and eCommerce industries.

"We are excited to have Jeff as part of our team," said Ken Langone, Executive Chairman and Chief Executive Officer, Geeknet. "Jeff brings a wealth of experience in leading a broad group, and his success in expanding eBay's advertising business will be invaluable as we continue to focus on growing top line media revenue."

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 over 54 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.

(*March 2011 Unique Visitors 54.3M. 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. These statements are based on our current expectations, and involve risks and uncertainties. Forward-looking statements contained herein include statements regarding the growth prospects for our online media and e-commerce businesses. Actual results may differ materially from those expressed or implied in such forward-looking statements due to various factors, including: benefits from the move of our corporate headquarters and the ability to grow revenues and 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, 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
         Stacie Bosinoff, stacie@blueshirtgroup.com
         Phone: (415) 217-7722

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