PHC INC /MA/
SC 13D/A, EX-99.1, 2000-08-17
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<PAGE>   1

                                    Exhibit 1

                             Joint Filing Agreement

         The undersigned hereby agree that this statement is filed on behalf of
each of them.

         Dated: August 17, 2000

                                       PROFUTURES SPECIAL EQUITIES FUND, L.P.

                                       By: ProFutures Fund Management, Inc.,
                                           authorized agent

                                       By: /s/ Gary D. Halbert
                                           -------------------------------------
                                           Gary D. Halbert, President



                                       /s/ Gary D. Halbert
                                       -----------------------------------------
                                           Gary D. Halbert





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