Northeast Development Corporation Negotiating for the Purchase of Prime Residential Development Property

Northeast Development Corp., (Pink Sheets:NHVP),
announced today intentions of offering for the purchase of 40 acres of
prime residential real estate in the Greater New Haven, CT area. The
property is zoned into twenty 2-acre residential plots for luxury
residential development. The company is confident that the bid to
acquire this property will be successful.
   "We believe that under the current market situation and the short
to mid term real estate market development, the profitability of such
a project is assured," stated Henrik Klausgaard, CEO.
   Additionally, the company also announced it is progressing well
with negotiations to secure marketing representation in Europe, since
the interest in overseas investment is currently quite high in the
Euro-zone.

   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.