Globix Announces Shareholders Meetings to Neon Merger

Globix Corporation (www.globix.com), a provider of application, media and infrastructure management services and NEON Communications, Inc., a facilities based communications provider of high bandwidth services and solutions, announced today that they will hold shareholders meetings on Monday, March 7, 2005 on the proposed merger and related matters.

Upon shareholder approval and the closing of the transaction, NEON will become a wholly owned subsidiary of Globix. Closing of the transaction is expected to take place shortly after shareholder approval.

The proxy statement/prospectus relating to the two shareholders meetings has been mailed to all shareholders of NEON and Globix. Mailing commenced on February 14, 2005.

Copies of the Registration Statement on Form S-4, of which the proxy statement/prospectus forms a part, are available without charge at the SEC website at www.sec.gov or on the Globix web site at www.globix.com.

In the merger, shareholders of NEON will receive 1.2748 shares of Globix common stock for each share of NEON common stock and 2.0833 shares of a new class of Globix preferred stock, plus cash in the amount of $3.75 for each share of NEON preferred stock, treating all accrued but unpaid dividends as having been paid in shares of NEON preferred stock immediately prior to the merger.

Globix Corporation (OTCBB:GBXX) is a leading provider of application, media and infrastructure management services. Globix provides flexible business solutions that combine skills, support, technology and experience to enable our customers to use the Internet as a way to provide business benefits and sustain a competitive advantage.