Northeast Development Corporation Receives Foreign Investment Commitment for Property Development

Northeast Development Corp., Pink Sheets:NHVP, announced
today that a foreign investor has committed himself to invest $500000
into the corporation. The funds will be used in land development
projects which are being considered at present. Currently, the
corporation is focussing on acquiring a 52 acres residential
development property in the Hartford County, Connecticut area.
   To show the seriousness of his commitment a deposit of $50000 has
been received from the foreign investor. In return for his investment
the foreign investor is entitled to a convertible note for restricted
stock of NHVP at a rate of $ 0.20 per share.

   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.