Globix Expands New York Operations

NEW YORK – July 9, 1998

Globix Corporation (Nasdaq: GBIX), a leading Internet Service Provider and one-stop supplier of total Internet solutions for businesses, has purchased a building in New York City. The building will provide an additional 160,000 square feet of floor space to accommodate the company’s expanding presence in New York. It is located in the heart of ‘Silicon Alley’ at 139 Centre Street in New York City.

The building was previously occupied by a major international bank. It housed the bank’s operations and money center. It is a nine-story structure located just 7 blocks south of the existing Globix location in the Puck Building. The convenient location is easily accessible and keeps Globix near its New York-based customers. The opening is planned for the 4th quarter of 1998.

The expanding market for high-speed direct access to the Internet and for Web Hosting, Co-location, audio/video streaming, e-commerce and security solutions is fueling the extraordinary growth at Globix. Globix made the purchase to provide additional space for network equipment in its SuperPOP data center and because of the need to house the growing sales and technical staff. Marc H. Bell, Globix President and CEO said, ‘Our strong, rapid growth made this move necessary. We were fortunate this exceptional building was available. The purchase is in line with our strategy of building SuperPOPs around the globe.’

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.