Northeast Development Corporation Announces Intention to Bid on Commercial Property

  
    
  
  
    
      Northeast Development Corp., Pink Sheets:NHVP, announced today that the 
      corporation is placing a bid on a commercial property in the Hartford 
      County area. The 23 acre commercial property is to be developed into an 
      industrial park of commercial condominiums.
    
    
      "We are planning to build 5 commercial units of 25,000 to 30,000 sq. ft. 
      Of these 5 units, 3 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 assets as well 
      as the long-term revenue positions," stated an officer 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.
    
  
Northeast Development Corp., Pink Sheets:NHVP, announced today
that the corporation is placing a bid on a commercial property in the
Hartford County area. The 23 acre commercial property is to be
developed into an industrial park of commercial condominiums.

   "We are planning to build 5 commercial units of 25,000 to 30,000
sq. ft. Of these 5 units, 3 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
assets as well as the long-term revenue positions," stated an officer
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.