NHVP Northeast Dev Corp Inc (CE)

Northeast Development Corp., Pink Sheets:NHVP, announced today that it is the corporation's intention to bid on a commercial property in the Hartford County area. The 8 acre commercial property is to be subdivided into 4 sections of 2 acres. "We are planning to build 4 commercial units of 10000 to 12000 sqft. Of these 4 units, 2 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 the assets as well as the long-term revenue positions," stated Henrik Klausgaard, CEO 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.