SAN FRANCISCO, May 1, 2012 (GLOBE NEWSWIRE) -- Geeknet Media, a wholly
owned subsidiary of Geeknet Inc. (Nasdaq:GKNT), today announced the
launch of its first website dedicated to business intelligence,
SlashBI. http://slashdot.org/topic/bi/

SlashBI will offer IT pros such as CIOs, IT administrators, and
developers access to the latest information about business intelligence
applications and analytics, which are transforming how companies
operate at every level. Users can read exclusive content created by a
high-profile roster of subject matter experts, businesses leaders,
analysts, and application developers. The website will publish every
business day with a mixture of news, peer questions, and professional
commentary. A weekly email newsletter with links to Geeknet's Slashdot
website will provide additional levels of insight.

"SlashBI is new B2B editorial destination designed to give IT
professionals all the breaking news, learnings, insight, and analysis
they need in the white-hot field of business intelligence and
analytics," said Geeknet Media Vice President and Editor-in-Chief
Stephen Wellman. "We are confident that SlashBI, under the editorial
direction of veteran technology editor and writer Nick Kolakowski, will
give IT pros all the business analytics resources and tools they need
every business day."

"Slashdot is the early innovator of social media in technology,
offering 'news for nerds and stuff that matters.' SlashBI represents
the first new vertical experience, with great content for those
interested in business intelligence," said Geeknet Media CEO Jeff
Drobick. "In addition, we are committed to the core Slashdot site
experience, where you can participate in passionate debate on tech
news. We feel this expansion of complementary content will make
Slashdot the place to go in B2B technology."

ABOUT SLASHDOT

Slashdot is the first and leading social media destination for
technology professionals and IT decision makers. Slashdot's highly
engaged community of IT influencers share and socialize hundreds of
pieces of content every day, including news, analysis, peer questions,
and professional insight. Slashdot is a website of Geeknet Media, a
wholly owned subsidiary of Geeknet Inc. (Nasdaq:GKNT).

ABOUT GEEKNET

Geeknet is home to some of the best-known brands in the geek universe,
and is the online network for the global geek community. We serve an
audience of over 52 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.

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

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


CONTACT: Geeknet Media Relations Contact:
         Matt Carollo, mcarollo@geek.net
         Phone: (646)461-6047
         
         Investor Relations Contact:
         The Blueshirt Group
         Todd Friedman, GKNT@blueshirtgroup.com
         Phone: (415) 217-7722