NW_20031017_VASCO TO RELEASE Q3 2003 RESULTS

October 17, 2003

OAKBROOK TERRACE, Illinois and BRUSSELS, Belgium – October 15, 2003 – VASCO (Nasdaq: VDSI; www.vasco.com), a global provider of enterprise-wide security products that support e-business and e-commerce, announced that it will release its Q3 2003 results on Thursday, October 23.
On October 23, at 10.00 am EDT/16.00 CET VASCO will hold a conference call, which will be streamed on the VASCO website (www.vasco.com).
The dial-in telephone numbers for the conference call are:
US: 800-475-2151
International: +1-973-582-2710


About VASCO: VASCO designs, develops, markets and supports patented strong user authentication products for e-business and e-commerce. VASCO’s strong user 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 10 million Digipass products sold and ordered, VASCO has established itself as a world-leader for strong user authentication with over 220 international financial institutions, approximately 1200 blue-chip corporations, and governments representing more than 60 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]