Bell Technology Group Commences Trading on German Exchanges

NEW YORK – October 14, 1997

Bell Technology Group Ltd. (Nasdaq: BELT, BELTW) announced today that the Company has been listed on both Germany’s Berlin and Frankfurt stock exchanges. The Company’s shares trade on the ‘Third Segment’ or Over-The-Counter (‘OTC’) market under the symbol ‘BTY.’

Marc H. Bell, President and CEO of Bell Technology Group, stated, ‘I am pleased to announce the listing of Bell Technology Group on Germany’s leading OTC market. This listing places Bell within a distinguished group of international and multinational companies including AT&T, Boeing and Eastman Kodak. The German OTC market is home to more than 600 companies, a large number of which are US-based technology companies including several Internet Service Providers (ISPs), America Online, Sun Microsystems, Netscape and Yahoo.’

Mr. Bell concluded, ‘Since Germany is one of Europes most computer literate countries, Bell’s listing provides us great opportunity to broaden our recognition abroad, as well as the ability to provide increased liquidity and shareholder diversity.’

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.