Web Site Posting

Exhibit 99.1


WEB SITE POSTING


In the first quarter of 2002, SafeNet reported its decision to discontinue the operations of its Swiss subsidiary, Gretacoder Data Systems AG (GDS). Consequently, financial results beginning with the first quarter of 2002 will exclude the revenues, costs, and net income/loss for GDS operations and all prior quarters have been restated for comparative purposes.


SafeNet is committed to providing our investors with a clear picture of our financial results. Thus, we are including for your review two worksheets that reflect quarterly financial performance for 2001 exclusive of GDS in order to assist you in assessing the future performance with past performance of our continuing operations only (excluding GDS).


The first worksheet includes actual financial results, adjusted to exclude GDS, on a GAAP (generally accepted accounting principals) basis. The second worksheet presents financial results, again excluding GDS, but on a pro forma basis. The pro forma financial results are based on the GAAP results but exclude several one-time or special charges, and have been adjusted to include income taxes. The purpose of providing pro forma results is to eliminate any one-time charges and non-recurring expenses, in order to allow for more of an "apples to apples" comparison of results on a year-to-year and tax effected basis.


[SAFENET LOGO]


SAFENET, INC. 2001 GAAP REPORTED PROFIT & LOSS STATEMENT (UNAUDITED) (RESTATED FOR DISCONTINUED OPERATIONS - GRETACODER DATA SYSTEMS) (US$ in thousands except per share amounts)


ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL
QI 2001 Q2 2001 Q3 2001 Q4 2001 YTD 2001
------- ------- ------- ------- -------- License and royalties $ 1,648 $ 788 $ 1,210 $ 386 $ 4,032 Products 3,238 1,623 1,814 3,055 9,730 Service and maintenance 755 723 578 644 2,700
------- ------- ------- ------- ------- TOTAL REVENUE 5,641 3,134 3,602 4,085 16,462
======= ======= ======= ======= =======


Cost of revenues 1,489 1,444 874 718 4,525
------- ------- ------- ------- ------- GROSS PROFIT 4,152 1,690 2,728 3,367 11,937
======= ======= ======= ======= ======= Operating expenses:
Research & development 1,338 1,625 1,515 1,635 6,113
Sales & marketing 1,635 1,377 1,111 939 5,062
General & administrative 530 ...