Globix AutoEncode Dramatically Reduces Cost, Accelerates Speed of Encoding for Streaming Media

NEW YORK – March 15, 2001

Using the new Globix AutoEncode service, companies may nowencode vast quantities of content in a fraction of the time and cost that it would take to encode thedata manually, without sacrificing quality, Globix Corporation (NASDAQ: GBIX) announced today.

The new addition to the suite of Globix Streaming Media services offers a quick and easy,automated encoding service. The service is especially useful to clients with huge libraries ofmaterial they want to be made available over the Internet.

Using Globix AutoEncode, clients can format their content simultaneously into multiple formats –RealNetworks, Windows Media, QuickTime and / or MP3 – and into a variety of bit rates – optimizedfor users with narrowband or broadband modems – in a third to a fifth of the time it would take tomanually encode the same content. The cost of the automated service is also significantly lower,approximately an eigh

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.

This press release contains forward-looking statements relating to the Company’s or management’s intentions, beliefs, expectations or predictions for the future. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company’s actual results to differ materially FROM those projected in the forward-looking statements. These risks, assumptions and uncertainties include the ability to finance the operations and complete the planned expansion of our facilities and network; our reliance on the growth of the Internet and e-commerce; our success against competitors with significantly greater resources; and other risks listed under the heading of Risk Factors in the Company’s filings with the Securities and Exchange Commission.