JOINT FILING AGREEMENT

                                                                       EXHIBIT 1

                             JOINT FILING AGREEMENT

      We, the undersigned, agree that the attached Schedule 13G relating to the
common stock of American Bank Note Holographics, Inc., is filed on behalf of
each of us.

Date: July 5, 2005

                                   LEVY, XXXXXXX & CO., INC.


                                   By: /s/ Xxxxxxx X. Xxxxxxx
                                       -----------------------------------------
                                   Name:  Xxxxxxx X. Xxxxxxx
                                   Title: President


                                   THE GRACY FUND, L.P.


                                   By: /s/ Xxxxx X. Xxxx
                                       -----------------------------------------
                                   Name:  Xxxxx X. Xxxx
                                   Title: General Partner


                                   By:    /s/ Xxxxxxx X. Xxxxxxx
                                       -----------------------------------------
                                   Name:  Xxxxxxx X. Xxxxxxx
                                   Title: General Partner


                                   /s/ Xxxxx X. Xxxx
                                   ---------------------------------------------
                                   Xxxxx X. Xxxx


                                   /s/ Xxxxxxx X. Xxxxxxx
                                   ---------------------------------------------
                                   Xxxxxxx X. Xxxxxxx