NW_20000413_VASCO Withdraws Public Offering Due to Unstable Market Conditions
OAKBROOK TERRACE, Illinois, and BRUSSELS, Belgium, April 13, 2000 -- VASCO Data Security International, Inc. (Nasdaq: VDSI; www.vasco.com), a leading provider of Internet and enterprise security solutions worldwide, announced today that due to current volatile market conditions, its Board of Directors has decided to withdraw VASCO’s pending public offering of Common Stock in the United States and Europe, which was scheduled to be priced today.
As originally planned, VASCO’s class of Common Stock will begin trading on EASDAQ commencing Friday, April 14, 2000. This completes the dual listing of VASCO’s Common Stock on the Nasdaq National Market and EASDAQ.
According to Mario Houthooft, President and Chief Executive Officer, "We believe that it is best to withdraw our public offering until market conditions improve. Despite the delay, we will continue to execute our business plan and seek additional financing as needed.
VASCO designs, develops, markets and supports security products and services that manage and secure access to computer systems of corporate and government clients, and enable secure financial transactions over private enterprise networks and public networks, such as the Internet.
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:
Media: Kerry Roche, Bridgeman Communications, +1 617 742 7270, [email protected]
Investor Relations: Todd Fromer, KCSA Public Relations Worldwide, +1 212 682 6300, [email protected]
VASCO: Mike Lange, +1 630 932 8844, [email protected]
Media (Benelux): Bob Pieters, Anthonissen & Associates, +32 3 286 7777, [email protected]
Media (Europe/Asia): Sven Kersten, HBI, +49 89 99 38 87 33, [email protected]
Investor Relations: Annemieke Blondeel, LBConsult, +44 208 308 7080, [email protected]
VASCO: Ariane Bosmans, +32 2 456 9810, [email protected]