Bell Technology Group Ltd. Posts 2Q Loss of $0.17 vs.Loss of $0.13

NEW YORK – May 15, 1998

BELL TECHNOLOGY GROUP LTD. Interim Consol. Earns.: Mar. ’98–Thou. $

3 Mos. to Mar. 31: 1998 1997 Revenues 4,352 5,229 Net income d 589 d 393 * Sh. earns. d $0.17 d $0.13  6 Mos.:   Revenues 9,091 8,926 Net income d 871 d 1,074 * Sh. earns. d $0.25 d $0.35  d Deficit.* As reported, on a basic basis.

May 14, 1998, Bell Technology Group Ltd. announced a Mar. 1998 three-month basic loss per share, $0.17 vs loss of $0.13 for same period a year ago. Six-month loss, $0.25 vs loss of $0.35 for same period a year ago.

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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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