International Development & Environmental Holdings (OTC BB:IDEH), an emerging leader in professional parking management, today announced that the Company executed a Definitive Purchase Agreement to acquire five (5) New York City-based parking garages with annual revenues of approximately $3 million expected in 2011.

As previously announced, the management agreements for the parking garages were held by Scott Lieberman, CEO of IDEH.

?With all of my holdings in the parking management industry now a part of IDEH, I am setting a strong precedent. Consolidation and economies of scale will be the future of the industry. My personal confidence in making consummating this transaction, I hope, translates into an increasing line of acquisitions by IDEH,? stated Scott Lieberman.

About International Development & Environmental Holdings

International Development & Environmental Holdings entered the professional parking management and car, van and truck leasing sectors.

Safe Harbor

Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words ?anticipate?, ?believe?, ?estimate?, ?may?, ?intend?, ?expect?, and similar expressions identify such forward looking statements. Although expected, actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements herein. These forward-looking statements are based largely on the expectations of International Development and Environmental Holdings and are subject to a number of risks and uncertainties associated with the Company's business model.

Investors:
International Development & Environmental Holdings
Cynthia DeMonte, 917-273-1717
cynthiademonte@gmail.com