Northeast Development Corporation Announces Intention to Bid on Commercial Property

Northeast Development Corp., Pink Sheets:NHVP,
announced today that it is the corporation's intention to bid on a
commercial property in the Hartford County area. The 8 acre commercial
property is to be subdivided into 4 sections of 2 acres.
   "We are planning to build 4 commercial units of 10000 to 12000
sqft. Of these 4 units, 2 are intended for outright sale, and 2 will
be kept in the ownership of the corporation to secure long-term rental
income. This will enhance the corporation's balance sheet both in the
assets as well as the long-term revenue positions," stated Henrik
Klausgaard, CEO of Northeast Development Corp.

   Statements in this release, which relate to other than strictly
historical facts, including statements about the Company's plans and
strategies, as well as management's expectations about new and
existing products, technologies and opportunities, market growth,
demand for acceptance of new and existing products, are
forward-looking statements. The words "believe," "expect,"
"anticipate," "estimate," "project," and similar expressions identify
forward-looking statements that speak only as of the date hereof. This
press release contains certain forward-looking statements regarding
NHVP Corp., its business prospects and results of operations that are
subject to certain risks and uncertainties posed by many factors and
events that could cause NHVP's actual business, prospects and results
of operations to differ materially from those that may be anticipated
by such forward-looking statements. Readers are urged to carefully
review and consider the various disclosures made by NHVP in this news
release and other reports filed with the Securities and Exchange
Commission that attempt to advise interested parties of the risks and
factors that may affect NHVP's business.