NW_20020409_VASCO to release Q1 2002 Results on Tuesday, April 23

April 9, 2002

OAKBROOK TERRACE, Illinois and BRUSSELS, Belgium – April 9, 2002 – 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 Q1 2002 results before the opening of Nasdaq Europe on Tuesday, April 23, 2002.

At 10.30 EST/16.30 CET VASCO will hold an analyst conference call, which will be streamed on the VASCO website.

Mr Mario Houthooft, President and CEO, and Mr Dennis Wilson, Executive Vice President and CFO of VASCO, will be available throughout the day to answer analyst and media questions.

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 VACMAN® products offers end-to-end security through strong authentication and digital signature, enterprise Single Sign-On, and LAN security, 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:

Jochem Binst, +32 2 456 9810, [email protected]

Investor Relations:
Annemieke Blondeel, USA 1 630 932 8844, Europe +4420 8298 9960, [email protected]