EXHIBIT 99.1


                                                           FOR IMMEDIATE RELEASE
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                         GLOBIX CLOSES MERGER WITH NEON

NEW YORK, NY (MARCH 8, 2005) - Globix Corporation (OTCBB: GBXX), a provider of
application, media and IP infrastructure management services, and NEON
Communications, Inc., a provider of optical networking to carriers and large
enterprise customers in the Northeast and mid-Atlantic, announced the completion
of their merger. NEON is now officially a wholly owned subsidiary of Globix.

The merger creates an integrated technology services firm with approximately
1,500 customers, a vertically integrated suite of services and a more
diversified revenue base. Combined revenue of the companies for the twelve
months ended December 31, 2004 was approximately $110 million (unaudited).
Offices are located in New York, NY, Boston, MA, London, U.K, Santa Clara, CA,
Fairfield, NJ, Washington D.C and Atlanta, GA.

"Bringing Globix and NEON together was a natural fit," said Pete Stevenson, CEO
of Globix. "With the NEON merger, Globix is better positioned to take advantage
of opportunities to grow our business."

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. In connection with the merger, certain of Globix's senior secured note
holders have exchanged $12.5 million in principal and accrued interest of
Globix's 2008 senior notes for approximately 4,545,455 shares of Globix common
stock.

The Globix common stock has been approved for listing on the American Stock
Exchange under the symbol GEX, subject to the satisfaction of certain conditions
following the merger.

The merger was approved by the holders of NEON stock at a meeting held Monday,
March 7, 2005 and on the same day holders of Globix common stock approved the
issuance of Globix stock in the merger.




ABOUT GLOBIX:

Globix Corporation (OTCBB:GBXX) is a leading provider of application, media, IP
infrastructure and transport services. Globix delivers tailored and scalable
business solutions that are cost effective and scalable, helping clients
optimize and protect revenue streams, improve user satisfaction and reduce
technology operating costs and risks. NEON, a wholly-owned subsidiary of Globix,
provides advanced optical networking to carriers and large enterprise customers
in the Northeast and mid-Atlantic. Globix and its subsidiaries have operations
in New York, NY, Boston, MA, London, U.K, Santa Clara, CA, Fairfield, NJ,
Washington D.C and Atlanta, GA . For more information visit 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; its ability to integrate the
operations of NEON into its existing operations; 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