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NEW YORK – September 2, 1999 – Globix Corporation (NASDAQ: GBIX), a leader in providing sophisticated Internet-based solutions for large and medium size businesses, today announced the appointment of Brian L. Reach as Senior Vice President and Chief Financial Officer of the Company. In this capacity, Mr. Reach will oversee the Company’s financial, investor relations and human resources functions. Robert B. Bell, the Company’s prior CFO, will now assume the role of Executive Vice President in charge of Business Development.

Mr. Reach has been at the forefront of helping guide growth companies for more than 20 years and offers Globix a tremendous range of executive experience. Before joining Globix, he spent over 2 years as a CFO at IPC Communications; a leading provider of integrated telecommunications equipment and services to the financial industry. During his tenure at IPC, he helped guide it through its leveraged re-capitalization and financially restructured IPC enabling it to invest in strategic acquisitions and next generation technologies.

Mr. Reach has held senior level positions in finance with such international public companies as Celadon Group, Inc., Cantel Industries, Inc. and Thomas Tilling, Inc as well as public accounting experience with PricewaterhouseCoopers. As CFO at Celadon Group and Cantel Industries, Mr. Reach formulated long-term objectives and managed the short-term achievement of those objectives.

Marc H. Bell, President and CEO of Globix said, “We are very pleased to have Brian join our management team. Brian has a wealth of experience in the telecommunications and networking sector and an extensive background in strategic planning. His accomplishments as a financial executive will be extremely valuable as we continue to grow our business and solidify our role as a leading Internet solutions company. I am equally excited that Bob Bell, one of the founders of Globix, has taken on the duties of Business Development. His many years of experience will help us continue to grow and expand into the future.”

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, Globix delivers superior reliability, security and performance to companies using the Internet to deploy mission-critical business strategies. Cutting-edge applications include Dedicated Access, Co-Location, Web Hosting, Streaming Media, E-Commerce and Corporate Training.

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.

Charles Strauzer
VP – Corporate Finance

Globix Corporation
[email protected]

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