Money.net Chooses Globix To Host Its Site

Tuesday, June 20th, 2000 10:00 AM Eastern Time

NEW YORK , NY -- (INTERNET WIRE) -- 06/20/2000 -- Money.net (www.money.net), a leading one-stop financial services and information destination, has chosen the Globix Corporation (NASDAQ: GBIX, a leading business Internet and Streaming Media solutions company, to provide web hosting solutions that make Money.net speedier, more clear and easier time-to-download. Given the sites rich features, users will find the site dramatically quicker and it will allow Money.net to implement new features and services faster as day-to-day management of the site is passed off to Globix.

Money.net is hosting its high-volume Internet servers and applications in the Globix New York SuperPOP Internet Data Center, and is utilizing the Globix high-speed, fiber-optic network for content delivery. In addition, Globix is supplying a comprehensive solution that includes high-availability storage, hardware provisioning, firewall protection and the highest level of managed services.

Launched on October 4, 1999, Money.net was the first financial news and information site to offer a streaming, real-time stock portfolio tracker for free via the Internet. Money.net allows users to trade stock, purchase insurance, receive and pay their bills online, get professional financial planning advice and get approvals for loans and credit cards.

"With our user numbers expanding each day, Money.net needed a full-service, facilities-based Web-hosting company," said Harold Van Arnem, CEO of Money.net. "Globix is providing us with a world-class network, state-of-the-art data centers, a scalable platform of services, and expertise in application services, like streaming media. Money.net is committed to helping our users make well- informed decisions about their personal finances. Having Globix manage our site enables us to stand-by that commitment to our users."

“Emerging companies like Money.net, have realized that managing their web presence internally is a daunting task. By choosing to outsource the management of their web technology and network needs to Globix, Money.net not only saves valuable resources and capital but also helps to provide their customers with high availability to their comprehensive web site, ” said Marc H. Bell, Chairman and CEO of Globix.

About Globix

Globix Corporation is a leading provider of advanced Internet services and connectivity for businesses in the United States and Europe. Through its high-speed, high-availability, fiber- optic network and state-of-the-art Internet Data Centers in New York City, Santa Clara, CA, and London, UK, Globix delivers superior reliability, security and performance to companies using the Internet to deploy mission-critical business strategies. Cutting-edge solutions include Co- Location, Hosting and Dedicated Access. The Application Services group at Globix offers services such as Streaming Media, Electronic Commerce, Solutions Architecture and Internet Security.

About Money.net

Money.net is headquartered in New York City and is privately held. In the past month, Money.net has signed marketing agreements with TD Waterhouse (NYSE: TWE), InsWeb (NASDAQ: INSW), Creditland, DirectAdvice, Paytrust.com and Webhelp.com. Money.net is committed to ensuring their users have the most up-to-date financial services and information to allow them to manage all their personal finances at one site, successfully. In the April 2000 edition of PC World Magazine, Money.net’s real-time portfolio tracker was rated “Best of the Web” (see April 2000 PC World, pg. 108) and the March 20, 2000 issue of Barron’s gives Money.net a 2 ½ star rating (see pg. 50). For more information about Money.net, visit www.money.net.