Globix Reports First Quarter 2000 Results

Streaming media provider and web hosting company Globix Corporation (http://www.globix.com) announced financial results for its fiscal 2000 first quarter ended December 31, 1999.

For the quarter, Globix posted record revenues totaling $16.15 million, an increase of 172% when compared with $5.93 million for the quarter ended December 31, 1998. Revenues from the Internet Division increased 205% to$6.96 million for the quarter, up from $2.28 million for the same quarter lastyear. Revenues from the Server Sales and Integration Division increased 152%to $9.19 million for the quarter, up from $3.65 million for the same quarterlast year.

"The main drivers behind the quarter's revenue growth were the expansionby over 30 times of our available data center space, an increased marketingeffort and our addition of new sales and technical staff," said Marc H. Bell,Chairman and CEO of Globix Corporation.

Internet Division revenues, as a percentage of total revenues, increasedto 43% for the quarter, from 38% for the same quarter last year. Applicationservices revenues were led by the Globix Streaming Media Group whose revenuesincreased 28% sequentially. Some streaming events produced and delivered byGlobix were: VH-1 Fashion Music Awards, Paul McCartney live from LiverpoolEngland and Boxing.com's cybercast of the Holyfield/Lewis Championship fight.