NORTHEAST DEVELOPMENT CORPORATION RECEIVES FOREIGN INVESTMENT COMMITMENT FOR PROPERTY DEVELOPMENT

Philadelphia, PA September 30, 2005 - Northeast Development Corp., (Pink Sheets: NHVP), announced today that a foreign investor has commited 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. ________________________________________ Contact: Northeast Development Corp., Philadelphia Henrik Klausgaard, 215-246-3456 Fax: 215-689-1934 [email protected] ________________________________________ Source: Northeast Development Corp.