Globix Corp. becomes NEON Communications Group Inc.

FEBRUARY 28, 2007 -- The company expects its common stock to begin trading on Thursday, March 1, under the new symbol "NGI", which will replace the former symbol "GEX."

Feb 28th, 2007

FEBRUARY 28, 2007 -- Massachusetts-based Globix Corp. (search for Globix) has changed its name to NEON Communications Group Inc. (search for NEON). The company expects its common stock to begin trading on Thursday, March 1, under the new symbol "NGI", which will replace the former symbol "GEX."

"Today's name change confirms the emergence of NEON Communications Group as a leading regional fiber-optic transport network service provider operating in the Northeast and mid-Atlantic regions," says Kurt Van Wagenen, president and chief executive officer. "Back in March 2005, NEON Communications merged with Globix Corp., a web hosting company. In the second half of calendar year 2006, the company sold its web hosting businesses in the US and UK, sold a building in New York City, paid down nearly all of the company's outstanding debt, and positioned the company as a financially sound, pure-play network services company that operates a fiber-optic network from Maine to Virginia. This market has a long familiarity with and respect for the NEON name so we are pleased that our new corporate name now reflects the name of our operating company," Van Wagenen states.

The name change was accomplished without the need for stockholder approval, and current stockholders need not take any action with respect to the name change. The outstanding shares of common and preferred stock will not be affected by the name change. New CUSIP numbers (64050T 101 and 64050T 200) will be assigned, respectively, to the outstanding shares of common and preferred stock. Stock certificates bearing the Globix Corp. name and the old CUSIP numbers of the outstanding common and preferred stock (37957F 200 and 37957F 408) will continue to be honored.


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