Globix Signs $25 Million In New Contracts In Third Quarter.

NEW YORK – July 10, 2001

NEW YORK – July 10, 2001 – Globix Corporation (NASDAQ: GBIX) today announced that it had signed approximately $25 million in aggregate new contracts during its third quarter, which ended June 30. This figure represents the total contract value of all new business signed, versus revenue recorded in that quarter. These new contracts will not have a significant impact on the quarter’s results, which will be announced on July 24, 2001.

‘It is rewarding to see that our strategy of providing integrated data center, networking and managed services is paying off. Because of this period of economic uncertainty, it appears that our enterprise customers are looking to integrated service providers like Globix to save money by outsourcing a range of solutions that cut down on costs. These corporations recognize the value of having a single reliable provider to handle their Internet services,’ said Marc H. Bell, Chairman and CEO of Globix.

Mr. Bell added, ‘One of the driving reasons behind the signing of these new contracts was the opening of our two new Internet Data Centers in New York City and London, providing much-needed space for our complex Web hosting services. Yet from the beginning, Globix built its state-of-the-art data centers simultaneously with and integrated with our high-speed content-delivery backbone network, because we realized the implications for improving performance and quality of service. Today, Globix owns a robust network backbone and one of the largest peering networks on the Internet. On top of this base, we have layered infrastructure-based applications and a very talented technical staff to provide top-of-the-line service.’

Globix will announce its quarterly earnings results at 5 p.m. on July 24. To listen to the conference call, dial 1-877-282-0743 or listen online at www.globix.com.

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.