Press Releases

Globix Signs $8 Million in Contracts During July

NEW YORK – August 23, 2001

NEW YORK – August 23, 2001 – Globix Corporation (NASDAQ: GBIX) announced today that it had signed approximately $8 million in contracts during the month of July. This figure represents the total contract value of all business signed, versus revenue recorded in that month.

“I am pleased to report the signing of $8 million in contracts during July, a month which is traditionally a slow sales period,” said Peter Herzig, CEO of Globix. “With the opening last quarter of our two new data centers in New York City and London, we believe that we are well positioned to capitalize on the changing competitive landscape. The demand from enterprise customers for complex hosting, network and application services remains strong. We realized early on that by developing state-of-the-art data centers and simultaneously integrating them with our high-speed content-delivery backbone network, we would be able to offer one-stop managed Internet solutions to enterprise customers, providing the high quality and high performance services they demand.

“In this uncertain economic environment and difficult time in the financial markets, we continue to move forward with our previously announced business strategy, and remain focused on our strategic goals. We look forward to keeping you apprised of developments as they become available.”

Globix also announced that it would report fiscal fourth quarter and year-end financial results on November 29, 2001.

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.


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