NHVP Northeast Dev Corp Inc (CE)

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.