HostReview.com
Wednesday, November 5, 2003; 12:00 AM
New
York - November 3, 2003 - Globix Corporation (OTC: GBXX),
a provider of managed Internet applications and infrastructure services,
today announced that it had completed its acquisition of Aptegrity, a
managed services provider (MSP) focused on web-based applications.
"We
are excited to have completed this acquisition to fuel the transformation
into a full service managed Internet applications and infrastructure provider,"
said Pete Stevenson, Globix's CEO.
"By
combining Globix's tier-one infrastructure with Aptegrity's
world-class application expertise and management capabilities, we can
now offer enterprises a single Service Level Agreement that unifies the
elements of their Internet environment, from network and facilities to
hardware and applications," said Henry J. Holcombe, Globix's
Chief Technology Officer. "And we do it all with a single point
of contact and a high level of accountability, ensuring customers that
their mission-critical applications are optimized, reliable and available
24 hours per day, 7 days per week."
About Globix:
Globix (http://www.globix.com)
is a leading provider of managed Internet applications and infrastructure
services for enterprises. Globix delivers and supports mission-critical
applications and services via its secure Data Centers, high-performance
global Tier 1 IP backbone, and content delivery network. Through Aptegrity,
its managed services group, Globix provides remote management of custom
and off-the-shelf web-based applications on any server, anywhere, at any
time. By managing such complex e-commerce, database, content management
and customer relationship management software for its clients, Globix
helps them to protect Internet revenue streams, reduce technology operating
costs and operating risk, and improve user satisfaction. Globix's
clients are companies which use the Internet as a way to provide business
benefits and sustain a competitive advantage in their markets. Our clients
include operating divisions of Fortune 100 companies as well as mid-sized
enterprises in a number of vertical markets including health care, media
and publishing, technology and financial services. Globix and its subsidiaries
have operations in New York, London, Santa Clara and Atlanta.
Risk Factors
and Forward-Looking Statements
This press release contains forward-looking statements within the meaning
of Section 21E of the Securities Exchange Act of 1934. These statements
are based on current information and expectations and are subject to risks
and uncertainties that could cause the actual results of Globix to differ
materially from those expressed or implied in the forward-looking statements.
These risks and uncertainties include: the company's ability to
retain existing customers and attract new customers; its ability to match
its operating cost structure with revenue to achieve positive cash flow;
the sufficiency of existing cash and cash flow to complete the company's
business plan and fund its working capital requirements; the insolvency
of vendors and other parties critical to the company's business;
the company's existing debt obligations and history of operating
losses; its ability to integrate, operate and upgrade or downgrade its
network; the company's ability to recruit and retain qualified personnel
needed to staff its operations; potential market or technological changes
that could render the company's products or services obsolete; changes
in the regulatory environment; and other changes that are discussed in
the Globix Annual Report on Form 10-K and other documents that the company
files with the Securities and Exchange Commission.
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