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EAC ANNOUNCES SALE OF FORMER HOUSING PLANT

 NEW HAVEN, Conn., June 2 /PRNewswire/ -- Peter B. Fritzsche, president of EAC Industries, Inc., announced today that EAC has sold its former housing plant located in Albemarle, N.C., to Palm Harbor Homes, Inc.
 The approximate net proceeds of $1,020,000 from the sale of the Albemarle plant have been applied equally to EAC's bank loans from B.T. Commercial Corporation and to EAC's working capital. EAC's outstanding loans from B.T. Commercial Corporation have been reduced from $1,565,000 as of Dec. 2, 1992, to $690,000 as of today.
 EAC is a publicly traded company, engaged primarily in the printing of plastic, point-of-purchase displays and promotional materials, and wall decorations.
 -0- 6/2/93
 /CONTACT: Peter B. Fritzsche, president of EAC, 203-865-1661/


CO: EAC Industries, Inc.; Palm Harbor Homes, Inc. ST: Connecticut, North Carolina IN: SU:

GK-WB -- NY080 -- 4622 06/02/93 16:47 EDT
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Publication:PR Newswire
Date:Jun 2, 1993
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