NW_20010522_en_VASCO to Host Third Annual “International Banking Seminar” in Prague

May 22, 2001

OAKBROOK TERRACE, Ill. and BRUSSELS, Belgium – May 22, 2001 – VASCO (Nasdaq NM & Nasdaq Europe, VDSI; www.vasco.com), a global provider of security solutions that enable e-business and e-commerce, is hosting its third annual “International Banking Seminar: Implementing Low-Cost PKI” at the Hotel Hilton in Prague in the Czech Republic on Friday, June 8, 2001. The one-day seminar offers banking executives the solutions for successfully securing their businesses to embrace the opportunities provided by Internet banking. Choosing strong authentication and digital signatures enables increased revenue and productivity while offering the flexibility that results in client base expansion.

VASCO and its customers will address the concerns and solutions of implementing two-factor, strong authentication, digital signatures, and PKI technology to ensure that financial information and investment activities are kept both private and highly secure. Among the topics to be covered are “Why Strong Authentication?” “New Trends in Security,” and “Bridging the gap between strong authentication and PKI infrastructure.”

Featured speakers include Jean-Jacques Cockx, Director of Information Risk Management for consulting firm KPMG, and Rudy Dupont, General Manager of Cortal Street, the Internet brokerage direct banking division of the Artesia Banking Corporation. Mr. Dupont will discuss how implementing strong authentication and digital signature capabilities has allowed Cortal Street to offer their customers direct and real-time access to the financial markets, such as the Brussels Stock Exchange, resulting in a 26% volume growth for the bank. As Mr. Dupont explains, “with a proven means of online security like Digipass, our customers have the confidence to actively participate in Internet trading and take advantage of the fact that we offer simultaneous access to multiple financial markets.”

Steve Axel, Chief Marketing Officer of VASCO, noted that, “this is just the start as we expand our international banking seminars to leverage our strong global relationships. Banks are searching for best practices within e-banking to liberate customer value, enhance customer retention and protect their valuable asset—trust. VASCO will continue to expand its global footprint in banking through the convergence of these trends.”

VASCO’s family of Digipass strong authentication and digital signature products has been proven as the solution of choice for anytime, anywhere, anyway remote access security enabling e-business. Including more than 160 financial institutions representing over 50 countries worldwide, notable VASCO customers consist of ABN AMRO, Deutsche Bank, Fifth Third, First Union, Istrobanka, Pekao, Rabobank, SEB Group, South Trust, Vilniaus Bankas, and Zagrebacka Banka.

VASCO plans to bring this seminar to the United States in the fall of 2001 to allow its banking customers and industry experts an opportunity to share their experiences and demonstrate the opportunities for prospering through e-banking.

Registration for the seminar is available online at www.vasco.com/prague. For more information about the seminar, please contact VASCO’s Ariane Bosmans at +32 2 456 98 10, or Bob Walker at
+1 630 932 8844. To contact the Hotel Hilton in Prague, please call +420 2 24841111.

VASCO secures the enterprise from the mainframe to the Internet with infrastructure solutions that enable secure e-business and e-commerce, protect sensitive information, and safeguard the identity of users. The Company's family of Digipass® and SnareWorks® products offers end-to-end security through strong authentication and digital signature, true Single Sign-On, access control and advanced entitlements, web portal security, and PKI enablement, while sharply reducing the time and effort required to deploy and manage security. VASCO's customers include hundreds of financial institutions, blue-chip corporations, and government agencies in more than 50 countries. More information is available at www.vasco.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 contact:

Mike Lange
+1 630 932 8844
[email protected]

VASCO: Ariane Bosmans
+32 2 456 9810
[email protected]