I had a problem like this too, luckily there is one fatal flaw in that security method thats never been fixed, the password is stored in the cmos memory so heres what you need to do:
Unplug the laptop and remove the battery
now to get the screwdrivers out, start stripping the laptop until you see a small lithium cell battery
disconnect the battery, some are connected by wires, some clip into a holder on the mainboard, either way disconnect it and wait a few mins
disconnecting all the power sources means the cmos memory has had no power and has dumped all of its data, when powered back up it will reset to factory settings with no password required
reassemble the laptop and enjoy
Unplug the laptop and remove the battery
now to get the screwdrivers out, start stripping the laptop until you see a small lithium cell battery
disconnect the battery, some are connected by wires, some clip into a holder on the mainboard, either way disconnect it and wait a few mins
disconnecting all the power sources means the cmos memory has had no power and has dumped all of its data, when powered back up it will reset to factory settings with no password required
reassemble the laptop and enjoy