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Tejon Ranch Co. Decries False and Misleading Campaign Organized by Opponents to Recently-Approved Centennial Master Planned Development

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Demands extremist groups remove knowingly false, inaccurate and
misleading material and video from websites

TEJON RANCH, Calif.–(BUSINESS WIRE)–Tejon Ranch Co. demands that the California Native Plant Society (CNPS)
remove material, including a video, from an anti-Centennial website
which Tejon Ranch believes contains recklessly, if not knowingly false,
inaccurate and misleading material. California Native Plant Society has
partnered with the Tucson, Arizona-based Center for Biological Diversity
(CBD), a longtime litigant against Tejon Ranch projects, in opposition
to Centennial and this latest action to mischaracterize Centennial is
true to form for both groups.

“90% of Tejon Ranch—240,000 acres—will be permanently conserved.
Amazingly, that is not enough for some extremist groups,” said Michael
R.W. Houston, Tejon Ranch Co.’s General Counsel. “We call upon them to
cease and desist their campaign of presenting false, inaccurate and
misleading statements to the public in an effort to undermine Los
Angeles County’s recent approval of Centennial, as well as their efforts
to damage the overall Tejon Ranch Conservation and Land Use Agreement,
which is supported by major respected conservation groups like Audubon
California, the Natural Resources Defense Council, the Sierra Club,
Endangered Habitats League, and others.”

The video falsely accuses shareholders of Tejon Ranch Co. of engaging in
unlawful activity. Here is a portion of the text from the video:

The Tejon Ranch Corporation is a Wall Street traded company owned
primarily by a large group of Hedge Fund looters

The video summary claims the building of Centennial would destroy 6,000
acres of wildflower habitat, leaving the impression that all the
landscapes shown in the video are from the Centennial site. This is not
accurate.

California Native Plant Society
Published on May
1, 2019

Photographer Richard Dickey captures the magnificent beauty of Tejon
Ranch, where LA County has just approved a new city of 55,000. More than
6,000 acres of wildflower habitat will be destroyed.

In fact, most of the landscapes shown in the video are not from, or
do not show the Centennial planning area, and a significant percentage
of the land depicted in the video is not even part of Tejon Ranch.

Given that the author of the web-article in which the video appears
claims to have spent over “200 days on Tejon Ranch”, and the
photographer/producer of the video claims to have spent 30 years
photographing the area, it is appalling that both the author and video
producer would so recklessly insinuate, if not blatantly assert, that
the land shown is located either on Tejon or in the Centennial project
area – when much of it is not.

Depicting locations that are either not on Tejon Ranch or not located
in the Centennial project, while representing such sites are located in
those locales, is false, severely misleading and fraudulent.
This
sort of deceptive activity is consistent with CBD’s past practices.

CBD used a similar tactic against Arizona rancher Jim Chilton when it
posted knowingly false and misleading pictures of his ranching lease on
its website back in 2002. Chilton successfully sued for defamation and
was awarded $600,000 by a jury, which included punitive damages. The
case shows the lengths CBD will go to in pursuit of its radical agenda.
They clearly do not feel constrained by the truth, even asserting to the
Arizona appellate court in Mr. Chilton’s case that they had a First
Amendment right to lie, an argument the court rightfully rejected as it
affirmed the jury’s verdict and damage award.

In addition to having a history of using false and misleading
information to damage those they oppose, CBD appears to spend most of
its time and its substantial resources on litigation, all designed, in
the words of CBD co-founder Kieran Suckling, ”to create severe economic
pain.“ CBD has consistently and continually sued proposed housing
developments in California, which does nothing to help, and actually
exacerbates the housing crisis in California. Given its agenda to
oppose, delay and obstruct, it’s clear that the “economic pain” CBD
wants to inflict is being felt by young and middle-class Californians
who find decent housing to be unavailable and unaffordable.

Approved by the Los Angeles County Board of Supervisors on April 30,
2019, Centennial addresses the serious need to provide additional
housing that’s within reach of middle-class families in Southern
California. Centennial also creates a new job center for Los Angeles
County as it gives companies the opportunity to locate in an area where
their employees could afford to live. Centennial is expected to create
23,000 permanent jobs on site and nearly 25,000 construction jobs, with
at least 30% of those jobs going to local residents. Centennial will
offer price attainable homes and 18% of the housing units will be
officially designated affordable units. With Governor Newsom proposing
to build more than 400,000 homes a year, Centennial can be part of the
solution to the housing crisis in California. All while still conserving
90% of Tejon Ranch.

CBD has initiated seven different legal challenges against Tejon Ranch
over the last 16 years in both state and federal court. It should
therefore come as no surprise that its representatives recently promised
to sue Los Angeles County over its approval of Centennial. Given that
CBD sued and lost, both at the superior and appellate court level, when
it challenged Los Angeles County over its approval of the Antelope
Valley Area Plan– which designated the site where Centennial is located
for future development, it would be simply rehashing issues on which
it’s already sued and lost. It’s no wonder CBD has been called nothing
more than a lawsuit-factory, spending much of its time and resources
either in court or issuing press releases, rather than engaging in
proactive conservation.

CBD had the opportunity to engage in proactive conservation on Tejon
Ranch. It was initially involved in negotiations, along with respected
environmental organizations such as the Sierra Club, Natural Resources
Defense Council, Audubon California, Endangered Habitats League, and
others, that led to the historic and science-based Tejon Ranch
Conservation and Land Use Agreement, in which 90% of Tejon Ranch will be
conserved. This agreement was supported by two previous Governors’
Administrations, and because of this agreement, Tejon Ranch can play a
vital role in the building of residential units to help meet Governor
Newsom’s housing goals for California, all while conserving 240,000
acres in perpetuity.

Even though published reports indicate it was CBD representatives
themselves who advocated for and demanded the 90/10 ratio of
conservation to development, the organization walked away from the
negotiations just months before an agreement was reached. CBD is
recently quoted in a different publication saying it preferred to retain
the right to sue (and presumably collect attorneys fees) than
compromise, even if that compromise would result in a guaranteed
positive conservation outcome.

If it does sue—again—over Centennial, it’s likely to hypocritically
raise the issue of wildfires, as it did in a recently-filed lawsuit
against another housing development in Los Angeles County. In another
instance of what clearly appears to be CBD taking whatever position best
suits them, even if it’s contradictory to other positions it’s taken,
CBD opposed Governor Newsom’s emergency declaration streamlining 35
wildfire mitigation projects that would help protect 2.2 million
Californians in over 200 communities from future wildfires, claiming it
would undercut environmental protections. In that instance, CBD said the
best measure to protect homes against wildfire wouldn’t be to thin
forests and remove dead and dying brush from nearby at-risk communities,
but to retrofit houses to current building standards and create
defensible space around them, something that clearly could not be
accomplished before the next wildfire season.

But the prescription that CBD claims is the best defense against
wildfire is exactly what the plan for Centennial requires. Though, at
Centennial, instead of needing to retrofit homes, houses and other
buildings will be constructed from the very beginning based on the most
stringent fire codes and building standards in place at the time. These
plans have been reviewed and approved by all appropriate State and
County Fire authorities. The defensible space standards at Centennial
also far exceed state requirements.

Tejon Ranch Co. calls upon CBD and CNPS to cease their false and
misleading campaign against Centennial, to support the Ranchwide
Agreement that permanently conserves 90% of Tejon Ranch, to respect the
overwhelming community and state support it received, and to recognize
the deleterious impact of their positions on the urgent need to produce
more housing for thousands of families in California.

Contacts

Barry Zoeller, Vice President, Corporate Communications & Investor
Relations
(661) 663-4212
bzoeller@tejonranch.com

AM Best Affirms Credit Ratings of The Allstate Corporation and Its Key Subsidiaries

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OLDWICK, N.J.–(BUSINESS WIRE)–AM Best affirmed the Financial Strength Rating (FSR) of A+
(Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of
“aa” of the members of Allstate Insurance Group (Allstate).
Additionally, AM Best has affirmed the FSR of A (Excellent) and the
Long-Term ICRs of “a” of the members of Allstate New Jersey Insurance
Group (collectively referred to as Allstate New Jersey) (headquartered
in Bridgewater, NJ). Concurrently, AM Best has affirmed the FSR of A+
(Superior) and the Long-Term ICRs of “aa” of the key life/health members
of the Allstate Life Group (Allstate Life). At the same time, AM Best
has affirmed the Long-Term ICR of “a”, and all existing Long- and
Short-Term Issue Credit Ratings (Long-Term IR; Short-Term IR) of the
ultimate parent, The Allstate Corporation (Allcorp). The outlook of
these Credit Ratings (ratings) is stable.

All the above named companies are headquartered in Northbrook, IL,
except where specified. (See link below for a detailed listing of the
companies and ratings.)

The ratings of Allstate reflect its balance sheet strength, which AM
Best categorizes as strongest, as well as its strong operating
performance, favorable business profile and very strong enterprise risk
management (ERM).

Allstate’s strong capital position reflects its favorable earnings,
which have contributed to organic surplus growth in each of the past
five years on a pre-dividend basis. Allstate’s operating results
continue to be favorable due to enhanced pricing sophistication, and
improved loss cost and expense management while maintaining underwriting
discipline. Additionally, Allstate has a significant market presence and
favorable overall business profile as one of the largest personal lines
writers in the United States. Allstate also benefits from the additional
liquidity provided by Allcorp and its subsidiary, Kennett Capital, Inc.,
and through access to capital markets, lines of credit and its
commercial paper program. The group’s favorable margins are attributable
to enhanced pricing accuracy and risk optimization, along with its solid
core underwriting capabilities, prudent capital management and sizable
investment income. Lastly, underwriting results also reflect the
favorable impact of Allstate’s ongoing risk management actions, various
expense management initiatives and its significant investment in
technology, as Allstate has shown the ability to adapt quickly to market
trends to ensure continued underwriting and operating profitability.

Partially offsetting these positive rating attributes is Allstate’s
inherent exposure to natural disasters due to its expansive market
presence throughout the United States. However, Allstate over the past
several years has maintained an extensive catastrophe risk exposure
management program, including a significantly enhanced property
catastrophe reinsurance program, stricter underwriting guidelines,
increased deductibles and discontinuance of selected lines of coverage
such as earthquake. In addition, this expansive geographic presence
provides inherent diversification against the impact of one or a few
significant weather events. The group’s underwriting results in recent
years have benefited from these risk-management actions. While the group
maintains above-average underwriting and investment leverage, relative
to industry norms, it has maintained capital levels supportive of its
business risks.

The ratings of Allstate New Jersey reflect its balance sheet strength,
which AM Best categorizes as very strong, as well as its strong
operating performance, limited business profile and appropriate ERM.
Additionally, the ratings recognize the financial strength, ERM and
continued support of Allstate Insurance Company, as well as Allcorp.

Allstate New Jersey maintains favorable risk-adjusted capitalization,
consistently profitable operating performance and management’s local
market knowledge. These positive rating attributes are offset partially
by the group’s business concentration within one state, resulting in
potential operating variability due to local market disruptions and
localized catastrophe weather events. The ratings further recognize the
consistent profitability trends in underwriting in recent years, along
with the expectation that trends in capitalization and operating
performance will continue in the near to medium term.

The ratings of Allstate Life reflect its balance sheet strength, which
AM Best categorizes as very strong, as well as its strong operating
performance, favorable business profile and very strong ERM.
Additionally, the ratings recognize the financial strength and continued
support of Allstate Insurance Company, as well as Allcorp.

Allstate Life’s overall balance sheet strength assessment is supported
by its very strong risk-adjusted capitalization and favorable liquidity,
as well as the organization’s expertise in stress testing and economic
capital modeling. Partially offsetting these strengths are the company’s
somewhat higher level of investment risk as a percentage of capital and
surplus, which is also higher than industry benchmarks. This risk is
mitigated partially by the use of a barbell asset allocation strategy,
which allows for longer dated annuity liabilities to be backed by
alternative assets, and the utilization of cash flow duration-matched
assets for shorter dated liabilities.

Allstate Life’s strong operating performance benefits from its core
traditional life and voluntary benefit product sales growth and its
favorable underwriting results, which are enhanced by a consistent
stream of net investment income. The company continues to manage the
run-off of its declining, yet sizable, exposure to interest sensitive
business within its annuities segment. Allstate Life’s recognized market
presence and strength of distribution across the organization create
additional benefits and synergies that drive its ability to compete in
its core markets. The company continues to work toward further
enhancement of digital capabilities in order to create a streamlined
consumer experience and increased efficiency. Allstate Life benefits
from a very strong risk culture and governance that has been embedded
throughout the organization.

A complete
listing
of The Allstate Corporation and its property/casualty and
life/health subsidiaries’ FSRs, Long-Term ICRs and Long- and Short-Term
IRs also is available.

This press release relates to Credit Ratings that have been published
on AM Best’s website. For all rating information relating to the release
and pertinent disclosures, including details of the office responsible
for issuing each of the individual ratings referenced in this release,
please see AM Best’s
Recent
Rating Activity
web page. For additional information
regarding the use and limitations of Credit Rating opinions, please view
Understanding
Best’s Credit Ratings
. For information on the proper media
use of Best’s Credit Ratings and AM Best press releases, please view
Guide
for Media – Proper Use of Best’s Credit Ratings and AM Best Rating
Action Press Releases
.

AM Best is a global rating agency and information provider with a
unique focus on the insurance industry. Visit
www.ambest.com
for more information
.

Copyright © 2019 by A.M. Best Rating Services, Inc. and/or its
affiliates. ALL RIGHTS RESERVED.

Contacts

Edin Imsirovic
Senior Financial Analyst – P/C
+1
908 439 2200, ext. 5740

edin.imsirovic@ambest.com

Christopher
Sharkey

Manager, Public Relations
+1 908 439
2200, ext. 5159

christopher.sharkey@ambest.com

Kate
Steffanelli

Senior Financial Analyst- L/H
+1 908
439 2200, ext. 5063

kate.steffanelli@ambest.com

Jim
Peavy

Director, Public Relations
+1 908 439
2200, ext. 5644

james.peavy@ambest.com

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Hines: Atlantic Natural Foods Seeks Serious Investment Partner for Flagship Brand Expansion

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Company poised for 50M+ in revenue, global product distribution

NASHVILLE, N.C.–(BUSINESS WIRE)–James Douglas Hines, founder of leading U.S. producer of shelf-stable
plant-based products and marketer Atlantic Natural Foods (ANF),
announced today that he has engaged Deloitte Corporate Finance, LLC to
assist with securing an investment partner for the rapidly growing
company. Brands in the ANF portfolio include Loma Linda® and
its award-winning plant-based seafood alterative Tuno™, neat®
and Kaffree Roma.

“Our Loma Linda meal solutions launch in 2018 saw unprecedented growth
as our products have rolled out in supermarkets and small grocery chains
across the U.S., the United Kingdom, and Australia,” Hines said. “We’re
committed to creating, manufacturing, and distributing high-quality,
sustainable plant-protein foods that are good for you and good for the
planet. We’re seeking an investment partner who shares our vision and
mission.”

In just 12 months ANF has secured more than 18,000 stores worldwide and
is in process of building for the next push as it trends towards $50
Million in revenue within two years.

“ANF’s incredible growth is driven by consumer demand of sustainable
products that taste great,” Hines added. “Although vegans love our
products, we’re seeing this demand in the mainstream market, too, as
consumers of all stripes are increasingly aware of how their food
choices effect their health and environment.”

According to Hines, the explosion of plant-based protein demand is
creating a need to drastically enhance the ANF’s supply chain,
factories, finance, marketing, execution, and human and financial
capital. Currently, ANF has manufacturing locations in Nashville, NC and
Bangkok, Thailand. Both are FDA-approved facilities, Kosher-qualified,
non-GMO-assured, with SQF and BRC verification – and uphold only the
most stringent health and food safety practices.

Rory Dineen, Managing Director of Deloitte Corporate Finance LLC said,
“We are pleased to work with ANF on this investment opportunity. The
food industry is evolving and ANF’s plant-based food alternative
products offer consumers affordable and sustainable protein options.”

The United
Nations projects
that by the year 2050, the current world population
of 7.3 billion is expected to reach 9.7 billion. A number that many
scientists believe
is the breaking point for the number of people
our planet can support.

These data drive Hines, a 40-year veteran of the global food sourcing
and creation market, who wonders what food his 10 grandchildren will eat
in the future. “We can see those numbers and panic, or we can work to
ensure we create products that meet the demands of today while
delivering hope for the future. I’m excited find a partner to join us in
changing the world while delivering a high-quality, high-value, and
sustainable product.”

About Atlantic Natural Foods

Headquartered in Nashville, NC, Atlantic Natural Foods is the leading
shelf-stable manufacturer and provider of Loma Linda®, neat® and Kaffree
Roma™ brand products. Its mission is to provide affordable, sustainable
and healthy sources of plant-based protein food for all lifestyles and
people to live healthier, longer lives. The company is managed by About
All About Healthy Foods Holdings, LLC
, and operates its own
manufacturing facility in North Carolina, as well as a joint venture
project in Thailand. The brands are sold throughout the U.S. and in 17
countries, including U.K. and Australia. To learn more about Atlantic
Natural Foods visit www.atlanticnaturalfoods.com.

About Deloitte Corporate Finance LLC

Deloitte Corporate Finance LLC (DCF), a broker-dealer registered with
the U.S. Securities and Exchange Commission (SEC) and member of the Financial
Industry Regulatory Authority (FINRA)
and the Securities
Investor Protection Corporation (SIPC)
, is an indirect wholly-owned
subsidiary of Deloitte Financial Advisory Services LLP and affiliate of
Deloitte Transactions and Business Analytics LLP. Investment banking or
other services that would require registration as a broker-dealer with
the SEC and membership in FINRA would be provided exclusively by DCF.
For more information, visit www.investmentbanking.deloitte.com.
Please see www.deloitte.com/us/about
for a detailed description of the legal structure of Deloitte LLP and
its subsidiaries. Certain services may not be available to attest
clients under the rules and regulations of public accounting.

Contacts

Media Contact:
Margie Newman
Margie@intesacom.com
619-995-3078

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TechTarget Integrates 1st and 3rd Party Intent Data within Priority Engine Platform to Help Companies Make Faster Sales and Marketing Progress with Best Fit Accounts

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Enhanced account prioritization and intelligence combines
relevant TechTarget intent, fit and customer engagement data to improve
sales and marketing conversions

NEWTON, Mass.–(BUSINESS WIRE)–TechTarget,
Inc.
 (Nasdaq: TTGT), the global leader in B2B technology purchase
intent data and services today announced the release of enhanced account
rankings and insights in IT Deal Alert Priority
Engine
TM, fueled by 1st and 3rd
party purchase intent data. Marketing and sales teams will now be able
to leverage this new intelligence to get to the right accounts and
prospects faster, increasing conversions and accelerating pipeline.

“TechTarget has always focused on delivering ROI,” said Michael Cotoia,
CEO, TechTarget. “These new updates now make it even easier for our
customers to close deals faster by helping them find the prospects that
are directly in their sweet spot.”

TechTarget’s Priority Engine is a SaaS-based platform that delivers
direct access to the most active in-market accounts and fully
permissioned prospects doing purchase research in specific technology
markets. In addition to providing exclusive third-party intent insights
on the topical interests of accounts, recency and relevancy of activity,
vendor consideration and installed technologies, TechTarget is now able
to integrate multiple first-party insights, such as Ideal Customer
Profile (ICP) matching, direct engagement on a vendor’s website and
specific interactions buyers have with a customer’s content and
advertising across the TechTarget network within the platform to deliver
vastly improved account prioritization capabilities. This latest release
provides better tools for enterprise technology marketing and sales
teams to more effectively reach and engage high value accounts within
their total addressable market, including:

  • Personalized account rankings that reflect organic research
    with TechTarget AND direct engagement with the customer to improve
    marketing and sales effectiveness.
  • Ideal Customer Profile creation and filtering directly within
    Priority Engine to efficiently find, track and convert identified best
    fit customers.
  • Enhanced qualification intelligence showcases the key
    attributes that make accounts high priority targets, including: buying
    stage, ICP match and if there is a confirmed project.
  • Improved engagement signals show you precisely when accounts
    visit your website, click on your banners and/or download your content.
  • Indicators of new and recent activities give sales users new
    reasons to call and help them engage the buying team with highly
    tailored outreach.

TechTarget, named a Leader in The Forrester WaveTM: B2B
Marketing Data Providers, Q3 2018, has cemented its leadership in its
space because of the significant value and ROI its customers achieve.
TechTarget purchase intent insight is uniquely powerful because of how
it is made and how it is delivered to B2B tech marketers and sales
professionals. The actionable insights within the Priority Engine
platform are achievable because of the depth of original
decision-support content spanning 10,000 unique IT topics across
TechTarget’s network of over 140 enterprise technology-specific websites
as well as the Company’s suite of marketing and sales engagement
services.

“Over the past six months we’ve been focused on bringing even more
actionable data into Priority Engine to help our customers more
efficiently identify and make progress with best fit accounts,” said
Andrew Briney, Senior Vice President of Products, TechTarget. “This
release marks a major milestone in these efforts and a big leap forward
for the platform.”

To learn more about Priority Engine, please or visit TechTarget.com/Priority-Engine.

About TechTarget

TechTarget
(Nasdaq: TTGT) is the global leader in purchase intent-driven marketing
and sales services that deliver business impact for enterprise
technology companies. By creating abundant, high-quality editorial
content across more than 140 highly targeted technology-specific
websites, TechTarget attracts and nurtures communities of technology
buyers researching their companies’ information technology needs. By
understanding these buyers’ content consumption behaviors, TechTarget
creates the purchase intent insights that fuel efficient and effective
marketing and sales activities for clients around the world.

TechTarget has offices in Boston, London, Munich, Paris, San Francisco,
Singapore and Sydney. For more information, visit techtarget.com
and follow us on Twitter @TechTarget.

(C) 2019 TechTarget, Inc. All rights reserved. TechTarget and the
TechTarget logo are registered trademarks and IT Deal Alert and Priority
Engine are trademarks of TechTarget. All other trademarks are the
property of their respective owners.

Contacts

Media Inquiries
Garrett Mann
Director of Marketing
TechTarget,
Inc.
617-431-9371
gmann@techtarget.com

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