Professional Veterinary Products, Ltd.

Professional Veterinary Products, Ltd.. The Group's principal activity is to distribute animal health products to practicing veterinarians. It operates in three segments: Wholesale Distribution, Logistics Services and Direct Customer Services. The Wholesale Distribution segment is a wholesaler of pharmaceuticals and other veterinary related items which distribute products primarily to Group shareholders who are licensed veterinarians or business entities comprised of licensed veterinarians. The Logistics Services segment provides logistics and distribution service operations for vendors of animal health products. It serves its customers by consolidating, packaging and delivering animal health products closer to the final destination, resulting in reduced freight costs and improved delivery performance. The Direct Customer Services segment is as a supplier of animal health products to the producer or consumer. The Group operates in the United States of America. Wholesale Distribution accounted for 88% of fis 2006 gross revenues; Direct Customer Services, 12% and Logistics Services, Nom