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The following is an excerpt from a S-1/A SEC Filing, filed by PROFESSIONAL VETERINARY PRODUCTS LTD /MO/ on 10/14/1999.
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The Company leases the distribution facility and the offices it currently occupies in Omaha, Nebraska. This property was purchased by the Company in 1991, with a large addition built in 1994. The Company sold this property in April 1999 and negotiated a short-term lease with the purchaser that expires December 31, 1999. The Company also leases a small offsite warehouse bay for the storage of products. This lease also expires late in 1999. The Company also stores some of its products at a public warehouse facility.

The Company purchased 9.6 acres of land in a newly developed industrial subdivision in Omaha, Nebraska in September 1998 for the purpose of building a larger and more efficient distribution center. This new facility will contain nearly 100,000 square feet of open warehouse space and some 30,000 square feet of finished office area. In late 1999, the Company plans to move to the new facility, which will be encumbered by a deed of trust. The latest in technology is being incorporated into the design of the new facility to maximize distribution efficiencies.