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GLOBIX CORPORATION ANNOUNCES EXTENSION OF EXCHANGE
OFFER
NEW YORK, NEW YORK, September 10, 1998 – Globix Corporation (NASDAQ
GBIX) announced today that it is extending the Expiration Date
of its offer to exchange up to an aggregate principal amount of $160
million of its new 13% Senior Notes due 2005 for any and all outstanding
13% Senior Notes due 2005. The Expiration Date, which was originally
scheduled for September 10, 1998, has been extended to 5:00 p.m.,
New York City time, September 17, 1998. The new 13% Senior Notes due
2005 have been registered under the Securities act of 1933, as amended.
All other terms of the Exchange Offer remain unchanged.
About Globix
Globix Corporation, a leading provider of Internet-based solutions
for mission-critical applications, offers convenient, one-stop shopping
for Internet-based products and services along with the technical
savvy necessary for optimal performance. The full range of Globix
integrated solutions includes Dedicated Access to the Internet,
Web Hosting and Co-location, server and workstation
sales, digital media sales, new media services (including Web site
design, graphics, and 2-D and 3-D animation), and instructor-led corporate
training.
This announcement constitutes neither an offer to sell nor a solicitation of an offer to buy Globix Corporation debentures that are the subject of the Exchange Offer.
News and information are available at www.globix.com
FOR IMMEDIATE RELEASE
Contact:
Marc H. Bell, President CEO
Globix Corportaion
212-334-8501
[email protected]
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