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GLOBIX ADDED TO RUSSELL 2000 AND 3000 INDEXES
NEW YORK – July 9, 1999 – Globix Corporation (NASDAQ:
GBIX) announced today that it has been added to the Russell
3000® Index effective at the close of business June 30, 1999.
The Russell 3000 measures the performance of the 3,000 largest US
companies based on total market capitalization, which represents approximately
98% of the investable US equity market.
Globix has also been added to the Russell 2000® Index, which
measures the performance of the 2,000 smallest companies in the Russell
3000 Index. The Russell 2000 represents approximately 11% of the total
market capitalization of the Russell 3000 Index. As of the latest
reconstitution of the indexes, the average market capitalization was
approximately $592 million; the median market capitalization was approximately
$500 million. The largest company in the Russell 2000 Index had an
approximate market capitalization of $1.4 billion.
“Our inclusion in the Russell 2000 and Russell 3000 is a reflection
of our dynamic growth from inception to IPO and through the current
year,” said Marc H. Bell, President and CEO of Globix.
“It is a testament to the quality of our employees and the trust of
our shareholders that we have reached this milestone at such a young
age.”
Frank Russell Company, one of the world’s leading investment management and advisory firms, provides investment advice, analytic tools and funds to institutional and individual investors in more than 30 countries. Russell’s investment management business employs a manager-of-managers approach and has approximately $50 billion in assets under management. Additional information on the Russell Indexes can be found on Russell’s Web site at www.russell.com.
About Globix
Globix Corporation is a leading provider of Internet connectivity
and advanced Internet services for businesses in the United States
and Europe. Through its high-speed, fault-tolerant, fiber-optic network
and state-of-the-art Internet Data Centers in New York City, Santa
Clara, CA and London, Globix delivers superior reliability,
security and performance to companies using the Internet to deploy
mission-critical business strategies. Cutting-edge applications include
Dedicated Access, Co-location, Web Hosting, Streaming Media, E-Commerce
and Corporate Training.
Through the first three months of 1999, Globix has expanded its customer base for Internet products and services by more than 29 percent, increasing from 850 customers to more than 1100, including such recognized names as Acclaim Entertainment, Bloomingdale’s, BPI Communications (Billboard and Adweek), Dow Jones, EarthWeb, General Media International (Penthouse), Microsoft, National Hockey League, Nomura Securities, Ogilvy & Mather, RealNetworks, RocketCash.com, Standard & Poors, WavePhore and Tishman Speyer Properties.
Globix recently announced the opening of its state-of-the-art SuperPOP (point of presence) facilities in Santa Clara, CA, and New York City. With the addition of a new SuperPOP in London later this month, the Company will expand its Internet Data Center (IDC) capacity from 2,000 square feet to 63,000 square feet, enabling it to further accommodate the large and growing demand for IDC services including co-location and Web hosting. The Company also announced the launch of its high-performance network infrastructure, which serves many major business centers in the United States, as well as London. The new network significantly increases data transmission speed and capacity, improves reliability and reduces data transmission costs.
In June, Globix announced an agreement with America Online under which Globix will become a peering partner in AOL’s TeraPOP, one of the largest Internet traffic exchange points in the world. Direct access between AOL and Globix will enable the TeraPOP to provide AOL members with even faster access to the Internet, including Web sites hosted by Globix.
In a recent survey of High Speed Dedicated Access (T-1) providers taken by Boardwatch Magazine, Globix was ranked first, as the lowest priced T-1 provider in the country. T-1 lines are high speed Internet connections for businesses and are the most commonly used digital lines in the United States, Canada, and Japan. Bell Atlantic recently named Globix as the largest reseller of its Dedicated High Speed Access lines in New York City.
This press release contains forward-looking statements.
Actual results could differ materially from those projected in the
forward-looking statements. Additional information concerning factors
that could cause actual results to differ materially from those
in the forward-looking statements is contained under the heading
of Risk Factors listed from time to time in the Company’s filings
with the Securities and Exchange Commission.
Contacts:
Charles Strauzer – Manager, Investor Relations
Globix Corporation
212-625-7327
[email protected]
