Zhongbao International, Inc. Retains CCG Investor Relations

CHONGQING, China, April 19, 2011 /PRNewswire-Asia-FirstCall/ -- Zhongbao International, Inc. (OTC Bulletin Board: FTWV) ("Zhongbao" or the "Company"), which manages and operates a leading real estate developer, Chongqing Zhongbao Investment Group Co., Ltd., a company that develops and sells residential and commercial properties in the urban areas of Chongqing, China, announced today that it has retained CCG Investor Relations to design and execute its investor relations campaign.

"We are pleased to engage CCG Investor Relations and look forward to working closely with them to establish and enhance our profile in the U.S. investment community and improve our communication with potential investors, the media and our current and future shareholders," said Mr. Haoji Xia, Chairman and CEO of Zhongbao. "We are confident that CCG's professionalism and investor relations experience in the U.S. market will help us to communicate effectively to key stakeholders."

Chongqing Zhongbao Investment Group Co., Ltd. ("Chongqing Investment") focuses on projects in Chongqing, a municipality with a population over 30 million and an important manufacturing, industrial, commercial and transportation base in southwestern China. It is engaged in refurbishing existing historical buildings in Chongqing's old city center, constructing new socialist countryside and is looking to expand into other provinces in China to provide convenient living space to middle income customers. To date, Chongqing Investment completed projects have had a gross floor area of over 340,000 square meters, or approximately 3.7 million square feet.

"We are very excited to be working with Zhongbao.  It holds an important position in the real estate business in a rapidly growing region of southwestern China.  The Company's business of developing and refurbishing historic and older buildings in Chongqing and its role in urban and rural integration through the provision of affordable housing to middle income families is positively supported by China's central and local government who wish to improve citizens' housing conditions, public spaces and social service facilities," commented Mark Collinson, partner of CCG Investor Relations.  "We look forward to supporting Zhongbao as it embarks on its next stage of growth."

About Zhongbao International, Inc., its Subsidiaries and Controlling Interests

Zhongbao International, Inc. is engaged in the real estate business, to develop and sell residential and commercial properties in the urban areas of Chongqing, a municipality of over 30 million people in southwest China. To date, its completed projects have had a gross floor area of over 340,000 square meters, or approximately 3.7 million square feet. The Company is positioned to target middle income customers to develop new construction or reconstruction of older buildings by taking advantage of lower land prices, building and personnel costs in Chongqing, as well as its standardized design and operating model.  For more information, visit http://www.zbtzjt.com.

About CCG Investor Relations

CCG is a leading global investor relations and strategic communications consulting firm. In business for more than 30 years, the agency provides a complete range of investor communications, counseling, and IT and data solutions through our global network to over 300 clients across multiple capital markets. CCG has been awarded a number of industry honors for its handling of complex investor relations and crisis communications matters. The agency's corporate headquarters is in Los Angeles with additional offices in New York, Beijing, Shanghai, Hongkong, London, and Tel Aviv. For further information, contact CCG directly, or visit the Company's web sites at http://www.ccgir.com and http://www.ccgirasia.com.

Safe Harbor Statement

This press release and oral statements made regarding the subjects of this release, contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which may include, but are not limited to, statements regarding Zhongbao's plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts, including statements identified by words such as "believe," "plan," "seek," "expect," "intend," "estimate," "anticipate," "will," and similar expressions. All statements addressing operating performance, events, or developments that Zhongbao expects or anticipates will occur in the future, as well as statements expressing optimism or pessimism about future operating results, are forward-looking statements within the meaning of the Reform Act. The forward-looking statements are based on management's current views and assumptions regarding future events and operating performance, and are inherently subject to significant business, economic, and competitive uncertainties and contingencies and changes in circumstances, many of which are beyond Zhongbao's control. The statements in this press release are made as of the date of this press release, even if subsequently made available by Zhongbao on its website or otherwise. Zhongbao does not undertake any obligation to update or revise these statements to reflect events or circumstances occurring after the date of this press release.

Although Zhongbao does not make forward-looking statements unless it believes it has a reasonable basis for doing so, Zhongbao cannot guarantee their accuracy. The foregoing factors, among others, could cause actual results to differ materially from those described in these forward-looking statements. For a list of other factors which could affect Zhongbao's results, including earnings estimates, see Zhongbao's filings with the Securities and Exchange Commission, including "Management's Discussion and Analysis of Financial Condition and Results of Operations," including "Cautionary Language Regarding Forward-Looking Statements," set forth in Zhongbao's Current Report on Form 8-K filed on February 11, 2011.  No undue reliance should be placed on any forward-looking statements.

SOURCE Zhongbao International, Inc.