NW_20030210_VASCO to release Q4 and Annual Results 2002 on Thursday, February 13

OAKBROOK TERRACE, Illinois and BRUSSELS, Belgium – February 10, 2003– VASCO (Nasdaq NM & Nasdaq Europe: VDSI; www.vasco.com), a global provider of enterprise-wide security products that support e-business and e-commerce, announced today that it will release its Q4 2002 results and annual results 2002 before the opening of Nasdaq Europe on Thursday, February 13, 2003.

On February 13, at 10.00 EST/16.00 CET VASCO will hold a conference call, which will be streamed on the VASCO website. The dial-in telephone numbers for the conference call will be posted on VASCO’s website www.vasco.com ).

Mr T. Kendall Hunt, Chairman and CEO, and Mr Cliff Bown, Executive Vice President and CFO of VASCO, will be available on February 13 to answer analyst and media questions.


About VASCO:
VASCO designs, develops, markets and supports patented “Identity Authentication” products for e-business and e-commerce. VASCO’s Identity Authentication software is delivered via its Digipass security products, small “calculator” hardware devices carried by an end user, or in a software format on mobile phones, other portable devices, and PCs. For user access control, VASCO’s VACMAN products guarantee that only designated Digipass users get access to the application. VASCO’s target markets are the applications and their several hundred million users that utilize fixed passwords as security. VASCO’s time-based system generates a “one-time” password that changes with every use, and is virtually impossible to hack, or break. With 8 million current users of its Digipass products, VASCO has established itself as a world-leader for strong Identity Authentication with 180 international financial institutions, approximately 800 blue-chip corporations, and governments representing more than 50 countries

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 contact:
Media:
Jochem Binst, +32 2 456 9810, [email protected]
I.R.:
Tony Schor, President, Investor Awareness, Inc.: 847-945-2222, [email protected]