International Development & Environmental Holdings Signs Agreement to Acquire Budget Truck Leasing Dealership

International Development & Environmental Holdings (OTCBB: IDEH) (the "Company”), an emerging leader in parking management and truck leasing in the New York City Metropolitan area, today announced that it has executed an agreement to acquire a Budget truck rental dealership from Heights Management 176 LLC.

Closing of the acquisition is subject to several conditions include the consent to the transaction by Budget, an independent appraisal of the value of the dealership and a due diligence review. There can be no assurance when and if the transaction will be consummated. Scott Lieberman, President of the Company is the sole owner of the Heights Management 176 LLC and the purchase price will be based upon an independent third party appraisal.

According to IBISWorld’s October 15, 2010 report, the Rental Truck Services and Leasing industry revenues for 2009 approximated $16.5 billion. IBISWorld’s report stated, "This stable industry will experience improved conditions in the next five years, as the economy rebounds and business picks up. Businesses will continue to look to the industry for transport and storage needs, in order to save costs from increased emissions regulations. Additionally, the revived construction market will be a key driver of demand, as consumers use the industry’s services to move into new homes.”

"The timing of this acquisition could not be more fortuitous,” stated Scott Lieberman, Chairman & CEO. The Rental Truck Services and Leasing industry is beginning its turnaround and IDEH, will be the beneficiary of the market revival. This dealership along with others we are presently exploring, hold the potential to provide significant returns to our shareholders,” Lieberman concluded.

About International Development & Environmental Holdings

International Development & Environmental Holdings is a New York City based company engaged in the parking management and truck leasing sectors.

Safe Harbor

Statements included in this press release include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based upon current expectations that involve risks and uncertainties, such as our plans, objectives, expectations and intentions. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements as a result of a number of factors, including those set forth under the, Cautionary Notice Regarding Forward-Looking Statements and Business sections in the Company's filings with the Securities and Exchange Commission. We use words such as "anticipate," "estimate," "plan," "project," "continuing," "ongoing," "expect," "believe," "intend," or similar expressions, variations of those terms or the negative of those terms to identify forward-looking statements. The forward-looking statements specified in the following information have been compiled by our management on the basis of assumptions made by management and considered by management to be reasonable. Our future operating results, however, are impossible to predict and no representation, guaranty, or warranty is to be inferred from those forward-looking statements.