NHVP Northeast Dev Corp Inc (CE)

Northeast Development Corp., (Pink Sheets: NHVP), announced today that as a further step in the acquisition of a laser engraving and marking facility in Central Europe a preliminary agreement has been reached for a joint venture laser marking plant based in Switzerland. This completely new facility will include both design and marketing functions to provide fully independent operation as well as development of new market segments. Northeast Development Corp. and their counterparts in this agreement are confident that a Swiss based, independent and highly qualified operation will satisfy the demands of a highly developed and quality conscious Swiss industry. Specialised markets can be developed in situ with the close cooperation of industry clients. Direct access by the client to a skilled local specialist, as this joint venture is designed to be, will ensure long-term and loyal clientele since the client base will be mainly within small and medium sized, often family controlled businesses, which still make up a major part of the Swiss industrial environment. "We fully expect this agreement to be finalised in the form of a letter of intend specifying the responsibilities of each partner in this joint venture at the latest middle of next week, at which point we will proceed with the incorporation and activation of the joint venture company in Switzerland," stated Henrik Klausgaard, CEO. 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.