NW_20000314_en_VASCO Appoints Chief Financial Officer

March 14, 2000

OAKBROOK TERRACE, Illinois, March 14, 2000 – VASCO Data Security International, Inc. (OTC BB VDSI.OB; www.vasco.com), announced today the appointment of Mr. Dennis D. Wilson, 48, as Chief Financial Officer. Mr. Wilson will direct the Company’s financial operations worldwide. As Vice President and Chief Financial Officer for VASCO, a new position, he replaces Greg Apple, former Vice President of Finance, who has left the Company to pursue other interests.

Mr. Wilson joins VASCO from Schawk, Inc., based in Des Plaines, Illinois, where he was Chief Accounting Officer and Director of Financial Reporting. He was responsible for all financial reporting of this multi-divisional, international company, including financial oversight responsibility for Schawk’s operations in Japan, Malaysia, and China. Mr. Wilson helped the company successfully complete a public offering on the New York Stock Exchange, and played a key role in Schawk’s acquisition and integration of 12 companies in the US, Canada, and Asia with revenues in excess of $100 million.

Prior to joining Schawk, Mr. Wilson held senior financial management positions with Family Service Centers in Illinois and Ernst & Young, Chicago. He is currently a member of the Board of Directors of Aasche Transportation Services, Inc., a Nasdaq-listed Illinois company. Mr. Wilson is a Certified Public Accountant (CPA) and a member of both the Illinois CPA Society and American Institute of CPAs.

In announcing the appointment, Mr. Mario Houthooft, VASCO’s President and Chief Executive Officer, said, "Dennis Wilson brings to VASCO the broad financial background necessary for us to continue our international growth strategy. His experience in all aspects of finance relating to an international, publicly traded company provides our Company with critical knowledge and skills for helping us achieve our strategic and financial goals."


VASCO designs, develops, markets and supports security products and services which manage and secure access to computer systems of corporate and governmental clients. Additionally, the Company enables secure financial transactions made over private enterprise networks and public networks, such as the Internet. VASCO believes that its software and hardware products provide organizations with strong, flexible, and effective Internet and enterprise security solutions.

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]