Press Releases

Globix Names Shawn P. Brosnan as Finance Chief, John D. McCarthy as Head of Strategy and Business Development

NEW YORK – September 9, 2002

Globix Corporation (OTCBB: GBIXQ), a leading full-service provider of sophisticated Internet solutions, including facilities services, premium network services and managed and application services has announced that, effective immediately, Shawn P. Brosnan currently Senior Vice President, Corporate Controller/Chief Accounting Officer has been named Acting Chief Financial Officer responsible for all financial matters relating to Globix. Effective immediately, John D. McCarthy becomes Senior Vice President, Business Development and Strategic Planning responsible for all strategic business development matters related to Globix.Mr. Brosnan has been directly involved with the recent reorganization and successful emergence of Globix from the Chapter 11 bankruptcy proceedings, and has been extensively involved in Globix’s financial and operational restructuring throughout the United States and in Europe.

Peter Stevenson, CEO, stated ‘I am delighted to recognize all that Shawn has contributed in stabilizing our finances and promoting financial responsibility, governance and financial planning initiatives. The combination of Shawn’s background and experience provides the right fit to achieve our financial and operational goals.”

“I am excited about this opportunity and very much look forward to the challenges ahead,” said Mr. Brosnan. “I look forward to continuing to work with our Board and management team to execute the plan, established upon Pete’s appointment as Chief Executive Officer, to demonstrate a clear path to profitability, preserve cash, improve financial discipline and operating efficiencies. “

Mr. Brosnan joined Globix in November 1999 as a Vice President, Corporate Controller and Chief Accounting Officer and was later named Senior Vice President, in August 2001. Prior to joining Globix, Mr. Brosnan spent more than 15 years with Ernst & Young, one of the leading professional services organizations worldwide. During his tenure at Ernst & Young, he was a business advisor with extensive experience in the areas of accounting, finance, financial reporting, mergers and acquisitions and process improvement. Mr. Brosnan is a certified public accountant and received his BS in accounting from Providence College.

John D. McCarthy, who had been acting Chief Financial Officer since April, 2002, will assume the role of Senior Vice President, Business Development and Strategic Planning, with responsibility for M&A; and strategic business development activities.

Peter Stevenson, CEO, stated “John has been a major contributor during this time of reorganization and he will continue playing a key role as we strengthen our core business and expand through capitalizing on growth opportunities available in the market today. His financial background, team oriented focus and commitment to Globix makes him well suited for this position. I think the combination of skills and experience that Shawn and John possess positions us to meet the challenges ahead.”

Mr. McCarthy joined Globix in March 2001 as Managing Director for the Application Services Group and was later named Vice-President for Financial Planning and Analysis. Prior to Globix he held financial, operational and strategy positions with United Technologies, Young & Rubicam and LC39 Venture Group. He received an MBA from the Wharton School of the University of Pennsylvania and an MA in International Studies from Penn’s Lauder Institute. His BA is from Connecticut College.

About Globix

Globix is a leading provider of advanced Internet hosting, network and applications solutions for business. Globix delivers services via its secure state-of-the-art Internet DATA Centers, its high-performance global backbone and content delivery network, and its world-class technical professionals. Globix provides businesses with cutting-edge Internet resources and the ability to deploy, manage and scale mission-critical Internet operations for optimum performance and cost efficiency.


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