EXHIBIT 1

JOINT FILING AGREEMENT

     In accordance with Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them a Statement on Schedule 13G (including amendments thereto) with regard to the common stock of DGSE Companies, Inc. and further agree that this Joint Filing Agreement be included as an Exhibit to such joint filings. In evidence thereof, the undersigned, being duly authorized, hereby execute this Joint Filing Agreement as of August 13, 2007.

KAIZEN MANAGEMENT, L.P.
By:	Kaizen Capital, L.L.C., its general partner

By:	/s/ David W. Berry
	David W. Berry
	Manager

KAIZEN CAPITAL, L.L.C.
By:	/s/ David W. Berry
	David W. Berry
	Manager

SELECT CONTRARIAN VALUE PARTNERS, L.P.
By:	Kaizen Management, L.P., its general partner

By:   Kaizen Capital, L.L.C., its general partner  

By:	/s/ David W. Berry
	David W. Berry
	Manager

/s/ David W. Berry  

David W. Berry 

SPECTRUM GALAXY FUND, LTD.
By:	/s/ Dion R. Friedland
	Dion R. Friedland