NW_20040216_en_VASCO Prominently Present _ CeBIT 2004

February 16, 2004

OAKBROOK TERRACE, Illinois and BRUSSELS, Belgium – February 16, 2004 – VASCO (Nasdaq: VDSI; www.vasco.com), a global provider of end-to-end security products that support e-business, today announced that it will be prominently present at the CeBIT 2004 tradeshow (from March 18-24, 2004) (www.cebit.de ) in Hanover (Germany).

As proof of VASCO’s dedication to further enhance its presence in the strategically important German market, VASCO will host three booths at CeBIT 2004. Its main booth will be located in Hall 17 (Booth # D36). VASCO puts its corporate network access focused products in the spotlight in Hall 6 (Booth # G 01). In Hall 18 (Booth # EG A24), VASCO shows its banking and EMV (Europay-Mastercard-Visa) products. .

About VASCO: VASCO designs, develops, markets and supports patented “Identity Authentication” products for e-business and e-commerce. VASCO’s Identity 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 Identity Authentication with 250 international financial institutions, approximately 1400 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:
Jochem Binst, +32 2 456 9810, [email protected]
Tony Schor, President, Investor Awareness, Inc.: 847-945-2222, [email protected]