Exhibit 99.1


                                  PRESS RELEASE


GLOBIX ANNOUNCES SHAREHOLDERS MEETINGS TO FINALIZE NEON MERGER

NEW YORK, NY (FEBRUARY 17, 2005) -- Globix Corporation (OTCBB:GBXX), a leading
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.golbix.com. Copies
of the related proxy cards may be obtained without charge from Globix upon
written request or by calling 212-334-8500. Shareholders are urged to read the
proxy statement/prospectus.

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. The new class
of Globix preferred stock accrues an annual dividend of 6% on a liquidation
preference of $3.60 per share, and is convertible at any time into shares of
Globix common stock on a one-to-one basis. The Globix preferred stock generally
may be redeemed by Globix at its option, but is not generally subject to
redemption at the option of the holders except upon a change in control. The
merger is also conditioned upon a debt for equity exchange where, in a private
transaction, certain of Globix's senior secured note holders will exchange $12.5
million in principal and accrued interest of its 2008 senior notes for
approximately 4,545,455 shares of Globix common stock.

In connection with the closing of the merger, Globix has applied for listing of
its shares of common stock on the American Stock Exchange.





ABOUT NEON:
NEON Communications, Inc. (http://www.neoninc.com) is a privately held
facilities-based wholesale provider of high bandwidth, advanced optical
networking solutions and services to communications companies and enterprise
customers on intercity, regional, and metro networks in the Northeast and
mid-Atlantic markets. The Company's corporate headquarters is located at 2200
West Park Drive, Westborough, Massachusetts 01581.

ABOUT GLOBIX:
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. By managing complex application, media and infrastructure
environments, Globix helps its clients protect Internet revenue streams, improve
user satisfaction and reduce technology operating costs and risks. Globix
clients include operating divisions of Fortune 100 companies as well as
mid-sized enterprises in a number of vertical markets including media and
publishing, technology, financial services, health care and government. Globix
and its subsidiaries have operations in New York, NY; London, UK; Santa Clara,
CA; Fairfield, NJ; Fairfax, VA; and Atlanta, GA. For more information, visit the
Globix Website at http://www.globix.com.

RISK FACTORS AND FORWARD-LOOKING INFORMATION

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 company's actual results 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 company's Annual Report
on Form 10-K and other documents that the company files with the SEC.

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MEDIA CONTACT:
Amanda Dempsey
Globix Corporation
Director, Marketing Communications
212-625-7656