After a tumultuous year, American Bank Note Holographics reported yesterday that operating income for 2000 was $500,000, compared with an operating loss of $600,000 for the previous year. The Company, which produces holograms for credit cards, now has no debt, and cash of $7.9 million. Working capital also increased by 400% from $2.1 million to $10.4 million. Total revenue for the year ended Dec 31, was $19.5 million, compared with $21.7 million for the same period in 1999. The decline in revenue reflects the effect of high inventory levels at credit card customers at the end of 1999 that reduced purchases in 2000 and the repositioning of the business to focus on strategic, higher margin growth markets. For more details visit CardData ([www.carddata.com]).