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ROCKETCASH CHOOSES GLOBIX FOR INTERNET-BASED E-COMMERCE SOLUTIONS

First Kid-Related E-Commerce Gateway to Co-Locate Its Web Site in Brand New Santa Clara Facility

NEW YORK – June 22, 1999 – Globix Corporation (NASDAQ: GBIX) today announced that RocketCash Corporation (www.rocketcash.com) has signed a contract for Globix to provide a range of Internet solutions, including Co-location of their high-traffic Web site, at Globix Corporation’s new Internet Data Center in Santa Clara, California.

RocketCash is the first online gateway that enables Generation Y to shop and buy on the Internet in a free, parent-approved environment. With unique, patent-pending technology, RocketCash gives kids the freedom and independence to shop at the “coolest” online merchants, while giving their parents the peace of mind that comes with security, control and the opportunity to teach financial responsibility.

Connected to the Globix redundant, fiber-optic network, the state-of-the-art Globix Internet Data Center offers a specially designed environment for co-locating and hosting servers. By housing its servers at Globix, RocketCash can ensure that its members will be able to shop and buy online quickly, reliably and securely – even during peak business hours or under emergency situations, such as power outages.

“RocketCash is committed to servicing our customers in all aspects of the shopping experience, and availability and secure service are paramount,” said Les Cheong, director of engineering for RocketCash Corporation. “Globix offers a very high-bandwidth, fault-tolerant and redundant solution for our E-commerce servers to guarantee maximum availability and uptime. They have shown their commitment to ensuring that the RocketCash Web site is continuously monitored and secure.”

Marc H. Bell, President and CEO of Globix Corporation said, “Globix has earned the trust of ground-breaking E-commerce companies like RocketCash by offering a comprehensive range of value-added products and services that is unparalleled. With new Internet Data Centers online in Santa Clara and New York, and another near completion in London, Globix will expand its data center space from 2,000 to 63,000 square feet. With our state-of-the-art facilities online, Globix is opening up new worlds of opportunity for businesses in their own backyards.”

About Globix
Globix Corporation is a leading provider of Internet connectivity and sophisticated Internet-based solutions to large and medium size businesses. Globix provides businesses with a comprehensive range of value-added products and services designed to enable them to take advantage of their corporate networks and the Internet to effectively carry out their business strategy.

About RocketCash Corporation
Founded in December 1998, RocketCash is the first online gateway that enables Generation Y to shop and buy online in a safe, parent-approved environment. RocketCash merchant partners include Amazon.com, Barnesandnoble.com, Beyond.com, CDNOW, Fogdog Sports, iTurf’s dELiAs.com, jcrew.com, MXGonline and Reel.com. RocketCash.com has the security and privacy parents can trust with the TRUSTe “Kids Under 13” certification and the VeriSign digital certificate. RocketCash is a privately owned, venture-funded corporation based in Saratoga, California, and located on the World Wide Web at .

This press release may contain 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:
Charles Strauzer – Manager, Investor Relations
Globix Corporation
212-625-7327
[email protected]

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