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Globix Announces $5 Million In New Contracts

NEW YORK, NEW YORK, November 16, 1998 – Globix Corporation (NASDAQ: GBIX),a leading Internet Service Provider, is pleased to announce that the Company has signed new Internet contracts in excess of $5 million since September 1, 1998. The new business contracts, which have an average life of at least two years, represent a range of Globix Corporation’s Internet services, including Dedicated Access, Co-location and Web-hosting. The growth in new business reflects the Company’s strategy of offering one-stop solutions and enhancing existing services with new, state-of-the-art facilities in New York, London and San Francisco.

The new Globix building in New York comprises nine floors and 160,000 square feet that includes office space and a SuperPOP data center dedicated to providing state-of-art Internet solutions. The London Globix facility is situated in the heart of the London’s commercial center and will offer 33,500 square feet of space for offices and for a SuperPOP data center which will provide fully redundant, high-capacity solutions. The new Globix San Francisco building is in the heart of Silicon Valley. The 61,000 square foot facility includes a SuperPOP data center, offices, classrooms and seminar space.

The new San Francisco, London and New York Data Centers will be fully operational during the first quarter of 1999. Specially designed for housing servers, they will feature specialized air conditioned environments, raised floors, FM200 dry fire-suppression systems, power generators and Uninterruptible Power Supplies (UPS) that ensure customers receive truly fault-tolerant service.

As previously announced, Globix recently entered into a long-term agreement with Qwest Macro Capacity Fiber Network. The contract gives Globix the right to use OC-3 (155Mbps) capacity to connect its Data Centers and route its Internet and data traffic much faster. Upon completion, the fiber-based network will expand Globix Corporation’s services to reach more customers across the United States and, via a transatlantic connection, in Europe.

Marc H. Bell, President and CEO of Globix Corporation said, “We are very excited about the number of contracts we have been signing. It reinforces our belief that the future of Internet-based businesses is in one-stop solutions offered over a high-speed network.”

About Globix
Globix Corporation, one of fastest growing Internet Service Providers, is a leading provider of Internet-based solutions for mission-critical applications. Globix offers businesses a convenient single source for a full range of Internet-based products and services including Dedicated Access, Web Hosting, Co-location and more.

News and information are available at

This press release may contain 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.


Marc H. Bell, President
Globix Corporation
[email protected]

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