EXHIBIT 99.1

                              LETTER OF TRANSMITTAL

                               SEPTEMBER __, 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 September __,
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 __________, 1997 (the "Record Date").

         As described in the accompanying Prospectus, provided you hold of
record at least 100 shares of Common Stock, 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:  (203) 315-8020.

                                             Very truly yours,



                                             Peter B. Fritzsche
                                             CHAIRMAN OF THE BOARD OF DIRECTORS,
                                                 PRESIDENT AND CHIEF EXECUTIVE
OFFICER

Enclosures