NW_20020821_en_VASCO Builds Strong Australian Reseller Network

August 21, 2002

OAKBROOK TERRACE, Illinois and BRUSSELS, Belgium – August 21, 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, today announced the expansion of its Australian reseller network. By recently signing reseller agreements with 8 companies based in Sydney, Melbourne, Brisbane and Adelaide, VASCO has established a significant presence in the Australian market for its Digipass and VACMAN products. Currently, VASCO has an Australian customer base of about 40 companies in the financial and corporate networking areas. VASCO expects that the reinforcement of its local reseller network will enhance sales, especially in the Corporate Networking area.

Being strongly represented in the Australian market is of great importance to VASCO. The country boasts a large number of small and medium enterprises (SME’s), perfectly suited to use VASCO’s products to secure their corporate networks. In addition, Australian financial institutions are rapidly developing e-banking applications, whilst governmental institutions focus on e-government, requiring reliable and proven security solutions like VASCO’s Digipass and VACMAN strong authentication products

VASCO was originally established in Australia in early 2001 through the acquisition of Identikey Pty of Brisbane, Australia. VASCO has excellent R&D and sales forces in Brisbane and Sydney, which keeps the company in close contact with the Australian market, an “A” market for VASCO. Currently, VASCO has an established Australian customer base of about 40 companies, including financial institutions as Bendigo Bank, Radio network providers like Austereo, governmental institutions as Centerlink and real estate companies like Ray White Real Estate. By developing a strong Australian partner network, VASCO enters the next phase in its presence in Australia, creating new opportunities to establish a stronger position on the local market.

The 8 VASCO resellers in Australia are: Netstar Networks (www.netstarnetworks.com ); Applied Data Control (www.apdata.com.au ); SafeComs (www.safecoms.com.au) ; Bridge Point Communications (www.bridgepoint.com.au ) IOW (www.iow.com.au), Radn (www.radntech.com ) and Bytepower ( www.bytepower.com.au ).

Based in the Australian state capitals, the 8 companies can reach the vast majority of companies and end users. VASCO is convinced that the combination of its motivated Australian team of employees, together with the partnerships with the leading Australian companies mentioned above, will further unlock the Australian market for its Digipass and VACMAN products.

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, digital signature, network Single Sign-On, and Radius, LAN and Web 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:
VASCO Data Security:
Jochem Binst: +32 2 456 9810, [email protected]