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GLOBIX ANNOUNCES TWO-FOR-ONE STOCK SPLIT
NEW YORK — December 10, 1999 — Globix Corporation (NASDAQ:
GBIX) today announced that its Board of Directors approved a two-for-one stock split
of the Company’s outstanding shares of common stock. The stock split will be effected
in the form of a stock dividend and will entitle each stockholder of record at the
close of business on December 20, 1999 to receive one additional share of common stock
for every one share owned. The additional shares will be distributed by the transfer
agent on, or about, December 30, 1999. Upon completion of the stock split, the Company
will have approximately 16,600,000 shares of common stock outstanding.
About Globix
Globix Corporation is a leading provider of Internet 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. Cutting-edge applications
include Co-Location, Web Hosting, Dedicated Access, Streaming Media, E-Commerce
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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