Globix Announces $5 Million in New Contracts

NEW YORK – November 16, 1998

NEW YORK, NEW YORK, November 16, 1998 – Globix Corporation (NASDAQ: GBIX),a leading Internet Service Provider, is pleased to announce that the Company has signed new Internet contracts in excess of $5 million since September 1, 1998. The new business contracts, which have an average life of at least two years, represent a range of Globix Corporation’s Internet services, including Dedicated Access, Co-location and Web-hosting. The growth in new business reflects the Company’s strategy of offering one-stop solutions and enhancing existing services with new, state-of-the-art facilities in New York, London and San Francisco.

The new Globix building in New York comprises nine floors and 160,000 square feet that includes office space and a SuperPOP data center dedicated to providing state-of-art Internet solutions. The London Globix facility is situated in the heart of the London’s commercial center and will offer 33,500 square feet of space for offices and for a SuperPOP data center which will provide fully redundant, high-capacity solutions. The new Globix San Francisco building is in the heart of Silicon Valley. The 61,000 square foot facility includes a SuperPOP data center, offices, classrooms and seminar space.

The new San Francisco, London and New York Data Centers will be fully operational during the first quarter of 1999. Specially designed for housing servers, they will feature specialized air conditioned environments, raised floors, FM200 dry fire-suppression systems, power generators and Uninterruptible Power Supplies (UPS) that ensure customers receive truly fault-tolerant service.

As previously announced, Globix recently entered into a long-term agreement with Qwest Macro Capacity Fiber Network. The contract gives Globix the right to use OC-3 (155Mbps) capacity to connect its Data Centers and route its Internet and data traffic much faster. Upon completion, the fiber-based network will expand Globix Corporation’s services to reach more customers across the United States and, via a transatlantic connection, in Europe.

Marc H. Bell, President and CEO of Globix Corporation said, ‘We are very excited about the number of contracts we have been signing. It reinforces our belief that the future of Internet-based businesses is in one-stop solutions offered over a high-speed network.’

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.