Globix Launches Domestic Fiber-Optic Network

NEW YORK – June 7, 1999

NEW YORK, NEW YORK, June 7, 1999 – Globix Corporation (NASDAQ: GBIX), a leading provider of Internet service and one-stop Internet-based solutions for businesses, announced today that its ATM fiber-optic network is operational and providing businesses throughout the United States with high-performance, redundant Internet services.

The launch of the new network marks a pivotal event in the Company’s worldwide expansion. It will significantly increase data transmission speed and capacity, improve reliability and reduce data transmission costs. Moreover, the network will enhance the delivery of Globix Corporation’s full-range of Internet services and Internet-based solutions and enable businesses throughout the country to optimize sophisticated Globix services, such as Dedicated Access, Web Hosting, Co-location, Streaming Media, E-commerce applications and VPNs (virtual private networks).

‘With the Globix network in place, we are a crucial step closer to reaching our goal of providing integrated solutions worldwide that capitalize on the potential of the Internet,’ said Marc H. Bell, President and CEO of Globix. ‘Our network was designed and built to ensure high-performance and truly fault-tolerant service that businesses can count on. The backbone will enable our domestic clients to maximize Internet services and take advantage of additional communications opportunities, including E-commerce and virtual private networks.’

The OC-3 (155 Mbps) network, utilizes a redundant ring topology that is designed to bypass failures. The network connects to public and private Internet exchange points throughout the United States and, over the next several weeks will begin servicing the new Globix SuperPOPs in Santa Clara, CA and New York City.

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.