EXHIBIT 99.1
 
 In re:
    )
    
    
    Case No. 10-82436)PROFESSIONAL VETERINARY
    )PRODUCTS, LTD, A NEBRASKA
    )
    
    
    CHAPTER 11CORPORATION,
    ))Debtor,
    ))In re:
    )
    
    
    Case No. 10-82438)EXACT LOGISTICS, LLC,
    ))
    
    
    CHAPTER 11Debtor,
    ))))In re:
    )
    
    
    Case No. 10-82437)PROCONN, LLC,
    ))
    
    
    CHAPTER 11Debtor,
    )))
))
 MONTHLY OPERATING REPORT FOR THE PERIOD
06/01/2011 THROUGH 06/30/2011
  Date Submitted 7/11/11
    /s/ Vicky WinklerVicky Winkler, President/CEO




---



##### 



IN THE UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF NEBRASKA
 CASE NAME: Summary Report for Professional Veterinary Products, LTD; Exact Logistics, LLC; ProConn, LLC
CASE NO.: 10-82436; 10-82438; 10-82437
 Summary of Cash Receipts and Disbursements For The Above Noted Entity  For Period June 1-30, 2011
 Wells Fargo
    
    FNBO
    
    JP Morgan
    
    Fulton Bank
    
    TotalBEGINNING BALANCE (05/31/11)
    
    $
    0.00
    
    
    $
    11,665,822.96
    
    
    $
    64,734.02
    
    
    $
    0.00
    
    
    $
    11,730,556.98RECEIPTS:1. Receipts from A/R Collections
    
    
    0.00
    
    
    
    63,019.48
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    63,019.482. Receipts from Bulk Sale of Inventory
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.003. Receipts from Sale of Intangible Assets
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.004. Receipts from Sale of De Minimis Assets
    
    
    0.00
    
    
    
    5,000.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    5,000.005. Receipts from Sale of Fixed Assets
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.006. Other Receipts
    
    
    0.00
    
    
    
    26,043.67
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    26,043.67TOTAL RECEIPTS
    
    
    0.00
    
    
    
    94,063.15
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    94,063.15TRANSFERS:
    
    
    0.00
    
    
    
    64,734.02
    
    
    
    (64,734.02
    )
    
    
    0.00
    
    
    
    0.00DISBURSEMENTS:3. Line of credit Wells Fargo
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.004. Payments to Officers and Directors:a. Officers
    
    
    0.00
    
    
    
    8,745.40
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    8,745.40b. Directors
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00Subtotal  payments to Officers and Directors
    
    
    0.00
    
    
    
    8,745.40
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    8,745.405. Taxes  personnela. Federal Income Tax
    
    
    0.00
    
    
    
    3,967.22
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    3,967.22b. FICA withholdings
    
    
    0.00
    
    
    
    2,030.18
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    2,030.18c. Medicare
    
    
    0.00
    
    
    
    566.09
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    566.09d. Federal Unemployment
    
    
    0.00
    
    
    
    4.68
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    4.68e. State Income Tax
    
    
    0.00
    
    
    
    1,096.62
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    1,096.62f. State Unemployment
    
    
    0.00
    
    
    
    35.04
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    35.04g. State Unemployment/Disability
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00h. Local Income Tax
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00Subtotal  taxes
    
    
    0.00
    
    
    
    7,699.83
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    7,699.836. Necessary expenses:Inventory purchases
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00Freight and supplies
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00Wages, ETO, Commissions, Incentives, Fees
(Net of income taxes withheld and
reported above)
    
    
    0.00
    
    
    
    4,752.23
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    4,752.23Benefits
    
    
    0.00
    
    
    
    750.73
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    750.73Professional and Trustee Fees
    
    
    0.00
    
    
    
    74,982.16
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    74,982.16Credit card fees
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00Bayer escrow
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00Payment of Sales Taxes
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00Building Expenses
    
    
    0.00
    
    
    
    4,077.53
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    4,077.53Building Lease
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00Equipment Leases and Expenses
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00Utilities Expense
    
    
    0.00
    
    
    
    408.71
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    408.71Utilities Deposit
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00Insurance
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00Real Estate & Personal Property Taxes
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00Accounting and Tax Fees
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00Wells Fargo Escrow
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00Bank Fees/Interest
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00Misc. G&A and Other fees
    
    
    0.00
    
    
    
    14,895.79
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    14,895.79Subtotal  necessary expenses
    
    
    0.00
    
    
    
    99,867.15
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    99,867.15TOTAL DISBURSEMENTS
    
    
    0.00
    
    
    
    116,312.38
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    116,312.38NET CASH FLOW
    
    
    0.00
    
    
    
    42,484.79
    
    
    
    (64,734.02
    )
    
    
    0.00
    
    
    
    (22,249.23
    )ENDING BANK BALANCE (6/30/11)
    
    $
    0.00
    
    
    $
    11,708,307.75
    
    
    $
    0.00
    
    
    $
    0.00
    
    
    $
    11,708,307.75BANK BALANCES Per Bank Statement
    
    $
    0.00
    
    
    $
    11,708,307.75
    
    
    $
    0.00
    
    
    $
    0.00
    
    
    $
    11,708,307.75
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