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Globix Now Providing Co-location Solution for Online Broker A.B. Watley

NEW YORK – October 7, 1999

NEW YORK – October 7, 1999 – Globix Corporation (NASDAQ: GBIX), today announced it has begun providing A.B. Watley Group Inc. (NASDAQ: ABWG), premier provider of trading services through its online brokerage firm A.B. Watley, Inc., with a Co-Location solution for its Internet-based proprietary online trading system WatleyTrader, at Globix Corporation’s new SuperPOP in New York City.

‘We currently provide among the most reliable www based trading platforms available. Having grown our www based business 1400% so far this year, we need to make sure that our availability and speed remain at pace. We chose Globix over a number of other co-lo providers based on their quality of service and ability to expand with us,’ said Tony Huston, Head of WWW Development at A.B. Watley Group Inc. ‘We needed a company that would not only provide reliable, secure and redundant Internet facilities, but will also be able to handle our growth numbers quickly. We fully expect to expand our relationship into hosting other aspects of our business.’

Marc H. Bell, President and CEO of Globix Corporation said, ‘Simply asking a business how we can help them succeed on the Internet really goes a long way in building our relationship with them. Too often, an impersonal relationship between a client and vendor can lead to disappointment and failure. Here at Globix, we are committed to providing the best possible Internet solutions so companies like A.B. Watley can rely on us as their technology partner.’

The Globix New York SuperPOP

At 139 Centre Street in the heart of New York City’s ‘Silicon Alley,’ the new Globix facility offers nine floors and 160,000 square feet dedicated to state-of-the-art Internet solutions. The Globix Centre Street SuperPOP Internet Data Center alone offers 24,000 square feet in an environment designed specifically for Co-Location and Web Hosting. The Internet Data Center benefits from multiple connections to the fault-tolerant, fiber-optic Globix network, which connects the New York SuperPOP to other Globix SuperPOPs, POPs and peering points in the United States and in Europe.

The new, climate-controlled SuperPOP enables Globix to offer even more in terms of services and added conveniences. That means more square footage (24,000 square feet initially) for housing servers along with the option of individual Co-Location cages; and more in terms of round-the-clock protection, including an FM200 dry fire-suppression system, 24 x 7 systems monitoring, uninterruptible power supply (UPS) systems and backup diesel generators. The SuperPOP provides a superior facility for hosting sites without the expense of constructing and monitoring your own.

About A.B. Watley Group Inc.

A.B. Watley Group Inc. is the parent company of A.B. Watley, Inc., a multifaceted, technological and service-oriented brokerage firm offering two proprietary online trading systems, UltimateTrader(TM) and WatleyTrader(TM), that provide real-time data feed and instantaneous execution for the most active segment of the online trading community. The A.B. Watley, Inc. Institutional Sales and Trading Division specializes in the execution of complex and sensitive large-block equity transactions for institutions, major investment managers, insurance companies, banks and high net-worth individuals. Under its former name, Internet Financial Services Inc., the Company completed its initial public offering of 2,300,000 shares of common stock on April 20, 1999. Its recent third quarter earnings reported a revenue growth of 148% and a 317% increase in trade volume.

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.

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