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NW_20000214_VASCO Announces Filing for $50 Million Public Offering

News Release
|   February 14, 2000

OAKBROOK TERRACE, ILLINOIS and BRUSSELS, BELGIUM – February 14, 2000 – VASCO Data Security International, Inc. (OTC BB: VDSI.OB; www.vasco.com), a leading global provider of Internet and enterprise-wide security solutions, announced today that on February 11, 2000, it filed a registration statement with the US Securities and Exchange Commission for a public offering of $50 million of its common stock to be conducted in Europe and the United States. The European offering will include a listing on the Easdaq stock market.


As previously reported in a Company press release on February 4, 2000, VASCO Data Security International, Inc. has filed an initial application with the Nasdaq Stock Market to list its class of common stock on the Nasdaq National Market.


Mario Houthooft, President and Chief Executive Officer of VASCO, said "we are pleased and excited at the prospect of a dual listing of our common stock on the Easdaq and Nasdaq stock markets."


About VASCO


VASCO helps organizations rapidly and effectively secure their e-business and e-commerce applications and services. The company’s family of Digipass™, VACMAN®, and SnareWorks™ products offers end-to-end security through true Single Sign-On, PKI, web security, strong user authentication, access control, user administration and encryption solutions that also sharply reduce the time and effort required to deploy and manage them. With hundreds of financial institutions, blue-chip corporations, and government agencies as customers in more than 50 countries, VASCO Data Security is a global leader in security solutions that support the Internet economy. More information is available at www.vasco.com and www.isoft.com.


Forward Looking Statements


Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "believes," "anticipates," "plans," "expects," and similar words, is forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.


Reference is made to the Company’s public filings with the US Securities and Exchange Commission for further information regarding the company and its operations.
For more information please contact:

Americas:
Media: Kerry Roche, Bridgeman Communications, +1 617 742 7270, kerry@bridgeman.com
Investor Relations: Todd Fromer, KCSA Public Relations Worldwide, +1 212 682 6300, tfromer@kcsa.com
VASCO: Mike Lange, +1 630 932 8844, mbl@vasco.com

Europe/Asia:
Media (Benelux): Bob Pieters, Anthonissen & Associates, +32 3 286 7777, bob.pieters@anthonissen.be
Media (Europe/Asia): Sven Kersten, HBI, +49 89 99 38 87 33, sven_kersten@hbi.de
Investor Relations: Annemieke Blondeel, LBConsult, +44 208 308 7080, a.blondeel@dial.pipex.com
VASCO: Ariane Bosmans, +32 2 456 9810, arb@vasco.com