American Bank Note Holographics reported second quarter revenues of $8.4 million, an increase of 22% over 2Q/05. Net income of $1.0 million was double the year ago period. The increase in net income in the second quarter principally resulted from the increased revenue, including the “VISA HoloMag,” “VISA Dove” and “Mini Dove” revenue and the reduction of costs as a result of a negotiated settlement with a vendor. ABNH says $2.3 million of “VISA HoloMag” shipments that were completed and invoiced during the first quarter were not recognized as revenue in that quarter as collection of those amounts were not considered probable at that time as a result of the VISA decision to discontinue their “HoloMag” implementation. Approximately $0.9 million of those amounts were collected and recognized as revenue in the second quarter. During the second quarter, the Company developed a second generation “HoloMag” product that incorporates an electro-static dissipative agent that helps to insulate a vulnerable terminal from electro-static discharge. For complete details on American Bank Note Holographics second quarter performance visit CardData ([www.carddata.com]).