Globix Unveils Right-Move^SM Promotion to Help Stranded Customers Transition to a Globix Data Center

NEW YORK – June 12, 2003

• Globix Logistics: moving, project management and logistics services;
• Strong financial incentives to defray the cost of a move, including upfront credits and waived install fees;
• Globix RapidDeploySM: Access to a temporary hosting platform during the move to eliminate downtime and service interruptions;
• Technology “refresh” options allowing infrastructure upgrades with the latest hardware;
• Globix Security: Complete security audits to make sure the new deployment is certified secure;
• Globix Assurance: 6 Month no-risk guarantee (customer can cancel in first 6 months if not completely satisfied)

“Our industry is seeing a lot of knee-jerk reactions to recent announcements,” said Pete Stevenson, Globix’s CEO. “Anytime you have to move Data Centers, especially for events beyond your control, it presents a difficult set of challenges. But there is also a silver lining in this. Customers should be able use it as an opportunity to move to a stable environment, and to upgrade their technology and implement security in ways they might not have done otherwise. Globix is providing that opportunity so that stranded customers can make not just any move, but the right move.”

The Right-Move^SM program is built upon the Globix RapidDeploySM platform – a transitional hosting environment in Globix’s Data Centers on which customer’s host their web site while their equipment is moved to permanent Globix solution- ensuring important continuity of services. RapidDeploySM includes dedicated web servers and software, network bandwidth, firewalls and load balancing equipment to ensure the customers have the best security and performance during their transition. In addition Globix provides project management, logistics and arranges the move. Globix is also offering several technology “refresh” options for customers seeking to use the move as an opportunity to upgrade their infrastructure while minimizing capital outlay. And once the entire infrastructure is in place in a new Globix Data Center, customers will receive a complimentary vulnerability assessment so that they know that their implementation is secure.

“Globix’s network reach, strong balance sheet, transitional platform and logistical support, provide customers the peace-of-mind they seek in a stable hosting partner,” said Pete Stevenson, ”And now with the Right-Move^SM program, customers have the opportunity to turn a difficult move into one where requirements for uptime, service continuity and security are fully met.”

To give customers immediate access to the Globix solution, the company is holding two “open houses” at its Data Centers in New York City and Santa Clara, CA on June 24, 2003 and June 25, 2003 respectively. Globix will open its doors and allow prospective customers to see for themselves the solid capabilities Globix provides. Customers will be able to review publicly available financials with the company’s executives, take a tour of the data center, learn first-hand about Globix’s network and hosting products, and get free consultation from Globix engineers on migrating their equipment to Globix data centers.

Companies interested in learning more about the new Right-Move^SM program, or to sign up for the Open House event should visit http://www.globix.com, or call 1800-4-GLOBIX.

About Globix:

Globix (http://www.globix.com) is a leading provider of managed infrastructure for business customers. Globix delivers applications and services via its secure DATA Centers, high-performance global Tier 1 IP backbone, content delivery network, and its technical professionals. Globix provides businesses with technology resources and the ability to deploy, manage and scale mission-critical Internet-based operations for optimum performance and cost efficiency. Globix customers include the New York Post, MSI (part of Reed Business Information) SkyRock, ebookers.com, Globus Media, The Record Store, Holmes Place, Agalinks, Space Holdings (Space.com), WinMill Software, iPass, Digidesign, and Mason-McDuffie Real Estate.

Risk Factors and Forward-Looking Statements:

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. These statements are based on current information and expectations and are subject to risks and uncertainties that could cause the company’s actual results to differ materially FROM those expressed or implied in the forward-looking statements. These risks and uncertainties include: the company’s ability to retain existing customers and attract new customers; its ability to match its operating cost structure with revenue to achieve positive cash flow; the sufficiency of existing cash and cash flow to complete the company’s business plan and fund its working capital requirements; the insolvency of vendors and other parties critical to the company’s business; the company’s existing debt obligations and history of operating losses; its ability to integrate, operate and upgrade or downgrade its network; the company’s ability to recruit and retain qualified personnel needed to staff its operations; potential market or technological changes that could render the company’s products or services obsolete; changes in the regulatory environment; and other changes that are discussed in the company’s Annual Report on Form 10-K and other documents that the company files with the Securities and Exchange Commission.

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