Northeast Development Corporation Announces Intention to Bid on Commercial Property.PHILADELPHIA Philadelphia, ancient cities Philadelphia, name of several ancient cities. One was in Lydia, W Asia Minor (now W Turkey). At the foot of Mt. Tmolus and near the location of modern Alaşehir, it was founded in the 2d cent. B.C. -- Northeast Development Corp., Pink Sheets:NHVP, announced today that the corporation is placing a bid on a commercial property in the Hartford Hartford, city (1990 pop. 139,739), state capital, Hartford co., central Conn., on the west bank of the Connecticut River; settled as Newtown 1635–36 on the site of a Dutch trading post (1633; abandoned 1654), inc. 1784. County area. The 23 acre commercial property is to be developed into an industrial park of commercial condominiums. "We are planning to build 5 commercial units of 25,000 to 30,000 sq. ft. Of these 5 units, 3 are intended for outright sale, and 2 will be kept in the ownership of the corporation to secure long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. rental income Noun 1. rental income - income received from rental properties income - the financial gain (earned or unearned) accruing over a given period of time . This will enhance the corporation's balance sheet both in assets as well as the long-term revenue positions," stated an officer 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . The words 'believe', 'expect', 'anticipate', 'estimate', 'project', and similar expressions identify forward-looking statements that speak only as of the date hereof here·of adv. Of this. hereof Adverb Formal or law of or concerning this Adv. 1. hereof - of or concerning this; "the twigs hereof are physic" . 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. |
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