NW_20040513_VASCO’s Chairman & CEO and CFO To Present at AEA Micro Cap Financial Conference

May 13, 2004

OAKBROOK TERRACE, Ill., and BRUSSELS, Belgium, May 13, 2004 - VASCO Data Security International, Inc. (Nasdaq: VDSI) ( www.vasco.com ), a global provider of security products that enable e-business and e-commerce, today announced that its Chairman and CEO, Mr. Ken Hunt, and its CFO, Mr. Cliff Bown, will be presenting at the upcoming AEA Micro Cap Financial Conference on May 16-18, at the Monterey Plaza Hotel, Monterey, California (U.S.A.). VASCO’s presentation will take place on Tuesday, May 18 at approximately 11.15 am local time.

“The decision to present at the AEA conference is another example of our never-ceasing efforts to bring VASCO’s message across to institutional and retail investors worldwide,” said Ken Hunt, VASCO’s Chairman and CEO. “After 5 consecutive quarters of profit, we see an increasing interest in VASCO particularly from institutional investors. This allows us to bring VASCO’s message to another level of decision makers within the investor community. The AeA Conference offers our company the opportunity to present our message to over 300 institutional, retail, and investment banking firms in a focused and professional venue.”

AEA Micro Cap Financial Conference
Monterey Plaza Hotel, Monterey, California
Tuesday, May 18 at 01.15 pm local time
Presentation Ken Hunt (Chairman & CEO VASCO) and Cliff Bown (CFO)
Web cast link: http://www.vasco.com/investors/call2.html

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 over 11 million Digipass products sold and ordered, VASCO has established itself as a world-leader for strong Identity Authentication with 280 international financial institutions, approximately 1500 blue-chip corporations, and governments in 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]