NORTHEAST DEVELOPMENT CORPORATION ANNOUNCES DATE FOR SIGNING OF CONTRACT

Philadelphia, PA October 14, 2005 - Northeast Development Corp., Pink Sheets: NHVP, announced today that it has placed a firm bid on a commercial property in the Hartford County area. The deposit for the commercial property has been put in escrow with the attorneys. The date for signing of the contract has been confirmed to be Wednesday October 19, 2005. 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. ________________________________________ Contact: Northeast Development Corp., Philadelphia Henrik Klausgaard, 215-246-3456 Fax: 215-689-1934 [email protected] ________________________________________ Source: Northeast Development Corp.