AUGUST __, 1997 IMPORTANT NOTICE CONCERNING YOUR RIGHT TO SUBSCRIBE FOR COMMON STOCK

                                                                EXHIBIT 99.1

                            LETTER OF TRANSMITTAL

                               AUGUST __, 1997

                              IMPORTANT NOTICE 
             CONCERNING YOUR RIGHT TO SUBSCRIBE FOR COMMON STOCK


To Holders of EAC Common Stock:

      Enclosed for your consideration are a Prospectus, dated August __,
1997, and the EAC Industries, Inc. Rights Exercise Agreement relating to
the offer of 2,283,551 shares (the "Underlying Shares") of common stock,
$.10 par value per share (the "Common Stock"), of EAC Industries, Inc. (the
"Company") at an exercise price of $.22 per share, in cash (the "Exercise
Price"), pursuant to non-transferable subscription rights (the "Rights")
distributed to holders of record ("Record Holders") of Common Stock of the
Company, as of the close of business on October 1, 1997 (the "Record
Date").

      As described in the accompanying Prospectus, you will receive one
(1) transferable Rights for every share of Common Stock held of record by
you as of the Record Date. Each Right will entitle you to subscribe for one
share of Common Stock (the "Subscription Privilege") at the Exercise Price. 
Information on the Federal income tax treatment of the Rights and the
Common Stock is provided in the Prospectus.

      The net proceeds to the Company of the Rights Offering will be used
to temporarily repay working capital indebtedness and for general corporate
purposes.

      Rights are non-transferable.  They must be exercised in full; partial
exercise will not be permitted.

      If you wish to subscribe for Common Stock, your executed Rights
Exercise Agreement, filled out to indicate your choice of options, must be
received along with the aggregate Exercise Price by the Company acting as
the exercise agent by 5:00 p.m., New York City time, on the Expiration
Date.  After the Expiration Date, Rights will no longer be exercisable to
purchase shares of Common Stock.

      ANY QUESTIONS OR REQUESTS FOR ASSISTANCE CONCERNING THE OFFERING
SHOULD BE DIRECTED TO THE COMPANY AS THE EXERCISE AGENT, AT THE FOLLOWING
TELEPHONE NUMBER:  (000) 000-0000.

                                          Very truly yours,



                                          Xxxxx X. Xxxxxxxxx
                                          CHAIRMAN OF THE BOARD OF
                                          DIRECTORS,
                                            PRESIDENT AND CHIEF EXECUTIVE
                                            OFFICER

Enclosures