QUIPP INC
SC 13D, EX-1, 2000-07-03
SPECIAL INDUSTRY MACHINERY, NEC
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<PAGE>   1


                                 Page 11 of 11

CUSIP No. 748802-10
--------------------------------------------------------------------------------

                                                                       EXHIBIT 1

                                    AGREEMENT

     This will confirm the agreement by and among all the undersigned that the
Schedule 13D filed on or about this date with respect to the beneficial
ownership of the undersigned of shares of Common Stock of Quipp, Inc. is being
filed on behalf of each of the entities named below. This agreement may be
executed in two or more counterparts, each of which shall be deemed an original,
but all of which together shall constitute one and the same instrument.

Date:  June 23, 2000          PYRAMID TRADING LIMITED PARTNERSHIP
                              BY OAKMONT INVESTMENTS, LLC ITS GENERAL PARTNER


                              BY  /S/ Daniel Asher
                                  -----------------------------------------
                                  Daniel Asher, Manager
                                  Oakmont Investments, LLC




                              OAKMONT INVESTMENTS, LLC


                              BY  /S/   Daniel Asher
                                  -----------------------------------------
                                  Daniel Asher, Manager




                              /S/  Daniel Asher
                              ---------------------------------------------
                              DANIEL ASHER



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