Bell Technology Group Ltd. Retains Furman Selz LLC. as investment banker and financial advisor.

NEW YORK – February 2, 1998

Bell Technology Group Ltd. (Nasdaq: BELT, BELTW; BSE: BTG, BTGW) today announced that it has engaged Furman Selz LLC. to render financial advisory and investment banking services to the Company. Furman Selz LLC., an ING Barings company, is an international financial services, investment banking and securities firm headquartered in New York, NY.

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.

This press release contains forward-looking statements relating to the Company’s or management’s intentions, beliefs, expectations or predictions for the future. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company’s actual results to differ materially FROM those projected in the forward-looking statements. These risks, assumptions and uncertainties include the ability to finance the operations and complete the planned expansion of our facilities and network; our reliance on the growth of the Internet and e-commerce; our success against competitors with significantly greater resources; and other risks listed under the heading of Risk Factors in the Company’s filings with the Securities and Exchange Commission.

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