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ANNOUNCES PUBLIC OFFERING OF 4,605,790 SHARES OF COMMON STOCK
New York, New York, March 23, 1999 Globix Corporation (Nasdaq: GBIX) a leading provider of Internet
connectivity and sophisticated Internet-based solutions for large and medium size businesses, today announced the
public offering of 4,605,790 shares of its common stock at a price of $37.00 per share. 4,000,000 of the shares were
sold by the Company and 605,790 of the shares were sold by selling stockholders, none of whom are executive officers
of the Company. The Company has also granted the underwriters of the public offering an option to purchase up to an
additional 690,869 shares of its common stock to cover over allotments. The shares sold by the Company and the selling
stockholders are offered by an underwriting group managed by Donaldson, Lufkin & Jenrette Securities Corporation, Bear,
Stearns & Co. Inc. and Lehman Brothers Inc.
The Company’s common stock trades on the NASDAQ National Market under the symbol GBIX. The Company intends to use
the net proceeds of the offering to fund the completion of its network and for general corporate purposes.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be
any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any state.
Copies of the final prospectus relating to the offering may be obtained from Donaldson, Lufkin & Jenrette Securities
Corporation, Prospectus Dept., 277 Park Ave., New York, NY 10172, 212-892-4525; Bear, Stearns & Co. Inc., Prospectus Dept.,
245 Park Ave., New York, NY 10167, 212-272-4850; and Lehman Brothers Inc., Prospectus Dept., Three World Financial Center,
New York, NY 10285, 212-526-7000.
Globix Corporation is a leading provider of Internet connectivity
and sophisticated Internet-based solutions to large and medium size
businesses. Globix provides businesses with a comprehensive range
of value-added products and services designed to enable them to take
advantage of their corporate networks and the Internet to effectively
carry out their business strategy.
Charles Strauzer – Manager, Investor Relations
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