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GLOBIX TO ACQUIRE COMSTAR.NET, A PROVIDER OF COMPLEX
WEB HOSTING AND NETWORK SECURITY SERVICES
Acquisition provides Globix with data centers in Atlanta and Washington, D.C.
NEW YORK — August 23, 2000 —
Globix Corporation (NASDAQ: GBIX), a leader in advanced Internet
Data Center services, high-speed access, and streaming media solutions for business, has agreed to
acquire privately held Comstar.net, Inc., a leading provider of managed e-business solutions, to meet
the growing demand for network security and managed application services. Globix will pay
approximately $211,000 in cash and will issue approximately 241,000 shares of its common stock in
exchange for all of the issued and outstanding shares of Comstar.net. The acquisition is expected to
be completed this month.
This addition brings Globix to Atlanta and Washington, D.C., where it will offer its full suite of products
and services. Comstar.net founders Cary Howell and Ed Landa formerly worked at MindSpring
Enterprises, Inc., where Howell managed the Network Operations group.
“We look forward to welcoming the Comstar.net team and its customers to Globix,” said Marc H. Bell,
chairman and CEO of Globix. “They share the Globix commitment to quality, as evidenced by their
reputation for providing hands-on technical expertise and outstanding customer service. Now those
customers will have the best of both worlds — a full-service Internet provider with world-class data
centers, a carrier-class backbone network, and the local, hands-on, personalized application services
on which they’ve come to rely.”
About Globix
Globix Corporation Corporation is a leading full service provider of sophisticated Internet
solutions, including connectivity and advanced Internet services, for businesses in the United
States and Europe. Through its high-speed, fault-tolerant, fiber-optic network and
state-of-the-art Internet Data Centers in New York City, Santa Clara, CA and London, UK,
Globix delivers superior reliability, security and performance to companies using the
Internet to deploy mission-critical business strategies. Globix’s solutions include Co-Location,
Hosting and Dedicated Access. The Globix Applications Services Group offers services such as
Streaming Media, Electronic Commerce, Solutions Architecture and Internet Security.
This press release contains 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.
Contact:
Globix Corporation
Charles Strauzer
VP, Corporate Finance
212-625-7327
[email protected]
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