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: January 12, 2006

                                            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