Globix Selects Credit Suisse First Boston as its Financial Advisor

NEW YORK – September 7, 2001

Globix Corporation (NASDAQ: GBIX) announced today that it has selected Credit Suisse First Boston (CSFB) to engage in advisory services as it explores financing options aimed at further strengthening the company’s financial profile.Globix selected CSFB to be the lead banking institution because of CSFB’s long-standing relationship with Globix as well as its expertise and knowledge of the Internet and telecommunications services markets.

“CSFB is a world-class investment bank with some of the most accomplished people in the industry, and therefore they’re ideally suited to advise Globix on the financing alternatives being presented to us, and on the best method by which to execute the option we choose to pursue,” said Marc H. Bell, Chairman of Globix.

“CSFB understands our business, as well as the significant opportunity ahead for Globix as we expand our leadership position in the outsourced hosting, network and managed services markets. The CSFB team is well equipped to provide Globix the banking services we require, and to communicate our strategy to investors,” added Peter Herzig, CEO of Globix.

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.