The usb stick isn't showing up as an executable in /mymountpoint. It contains an executable, and now that the stick is mounted, that executable is visible in /mymountpoint.
V-Safe100.exe is a windows executable. If you want to run it, you can try your luck with wine (http://www.winehq.org)
V-Safe seems to be a Verbatim software thing for encrypting USB drives. According to their site, they only support their application under windows and do not provide a Linux version.
However, you do not need an extra application just to encrypt some block device like your usb stick. Linux includes support in the kernel for such encryption of usb sticks... (... and hard disks, and floppy disks, and cds, and ...) I don't remember how to do this offhand, but the documentation is readily available (google is your friend). You may or may not be able to use the built-in encryption features of Linux to decrypt your usb stick; it depends on the mechanism used by V-Safe.