NORTHEAST DEVELOPMENT CORPORATION SIGNING CONTRACT FOR DEVELOPMENT OF COMMERCIAL PROPERTY

Philadelphia, PA September 16, 2005 - Northeast Development Corp., NHVP, announced today that the company has signed the contract for the development of a 20000 sqft. commercial property in Hartford County, Connecticut. "We have worked hard to get to this point and are very happy to have been able to finalise the first of several contracts. The Hartford County project is expected to bring revenue of approximately $ 400000 to $ 500000 within the coming 60 days. During the coming week we also expect to be able to announce further development projects and purchase contracts which are being prepared for signature", 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. ________________________________________ Contact: Northeast Development Corp., Philadelphia Henrik Klausgaard, 215-246-3456 Fax: 215-689-1934 mail@northeastdevelopmentcorp.com ________________________________________ Source: Northeast Development Corp.