Elvictor Group, Inc. is a maritime shipping company specializing in crewing, crew management, and ship management services, with a strategic focus on expanding its fleet and operations.

# Company Overview Summary

## Company Name
Elvictor Group, Inc.

## Business Focus
Elvictor Group, Inc. operates as a crewing and crew management company within the maritime shipping industry. Its core services involve sourcing, recruiting, deploying, training, and ongoing management of seafarers for different types of ships worldwide.

## Key Services
- **Crewing and Crew Management:** 
  - Recruiting, screening, and matching seafarers to vessels.
  - Managing health and certification documentation (e.g., STCW).
  - Arranging travel and onboarding for crew members.
  - Handling crew disembarkation and rejoining procedures.
  - Charging clients based on crew salary, rank, and vessel type.
- **Ship Management:**
  - Technical maintenance and repairs.
  - Crew hiring and management.
  - Financial management of ships.
  - Providing spare parts, supplies, and compliance services.
- **Software and Technology:**
  - Proprietary crew management platform developed through affiliate Seatrix, enabling collaboration across cultural and time zone barriers.
  - Use of artificial intelligence software licensed from related party Seatrix.

## Operational Scope
- Manages over **4,000 seafarers** from 9 different nationalities.
- Oversees **7 ship types** covering bulk carriers, tankers, LPG tankers, and containers.
- Provides crew management services primarily through long-term contracts.
- Includes ship management services via acquisition of Ultra Shipmanagement, Ltd.

## Employees and Management
- **Number of Employees:** 22 full-time employees (excluding CEO and Chairman).
- Leadership includes:
  - **Konstantinos Galanakis:** CEO and Director.
  - **Stavros Galanakis:** Chairman and Vice President.
  - **Christodoulos Tzoutzakis:** COO and CTO.

## Revenue and Income
- **2024 Revenue:** Approximately **$2,421,308**, a slight increase from **$2,361,793** in 2023.
- **2024 Net Income:** **$199,780**, compared to a net loss of **$222,727** in 2023.
- The company experienced a turnaround from a net loss in 2023 to a profit in 2024, driven by higher revenues and reduced operating expenses.

## Market and Customer Base
- The company has a **limited market** with about **414 million shares** of common stock outstanding.
- As of April 14, 2025, there are **87 shareholders of record**.
- The company's stock is traded on the OTC Pink Market under the symbol **"ELVG"**.

## Financial and Operating Highlights
- Managed to increase its working capital surplus from **$42,454** in 2023 to **$393,627** in 2024.
- Operating expenses decreased significantly in 2024 due to restructuring and cost-saving measures, including salary reductions.
- Has no off-balance sheet arrangements and is planning to raise additional funds primarily through equity or debt offerings to expand its fleet and operations.

## Strategic Plans
- Aim to secure financing for purchasing a bulk carrier newbuild (~$20-22 million).
- Continue operations in crew and ship management and expand further into new markets, including Turkey.
- Focus on integrating ship ownership to diversify revenue streams.
- Plans are contingent on securing necessary funding; no guarantees are provided.

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**Note:** This summary strictly reflects factual details provided in the company’s filings, including operational scope, financial metrics, management, and strategic intent as of the latest reporting period.

Elvictor Group, Inc. is a leading crewing and crew management company specializing in sourcing, recruiting, and managing seafarers for the global shipping industry, with a focus on innovative technology and operational efficiency.

# Summary of Elvictor Group, Inc.

## Overview
Elvictor Group, Inc. is a crewing and crew management company primarily engaged in sourcing, recruiting, deploying, scheduling, and managing seafarers for various types of vessels. The company emphasizes innovative technologies and data-driven approaches to enhance efficiency and operational management within the global shipping industry.

## Key Services
Elvictor offers a comprehensive range of services, including:

- **Crew Management Services**: Selection, recruitment, training, deployment, and ongoing management of seafarers.
- **Administrative Functions**: Handling payroll services, travel arrangements, verification of insurance for seafarers, and compliance with relevant regulations.
- **Ship Management Services**: Providing technical and financial management support, while ensuring adherence to safety and quality standards in managing fleets.

### Technological Innovation
Elvictor Group utilizes a proprietary crew management platform developed by a related company, Seatrix. This technology facilitates collaboration across various cultures and time zones, thus maintaining service quality.

## Clientele and Operations
- **Number of Customers**: Elvictor manages crew services for approximately **10 different nationalities** of seafarers.
- **Number of Employees**: As of December 31, 2023, Elvictor employs **20 full-time staff** (excluding executive roles).
- **Seafarer Management**: The company currently manages over **2,300 seafarers** from various countries, accommodating diverse ship types such as bulk carriers and tankers.

## Financial Performance
- **Revenue**: For the fiscal year ended December 31, 2023, Elvictor generated approximately **$2,361,793** in total revenue, a decrease from **$2,475,660** in 2022.
- **Net Income**: The company reported a net loss of **$222,727** for 2023, representing an improvement over the prior year's loss of **$238,858**.
- **Cost of Revenue**: The cost of revenue for 2023 was **$493,436**, showing a slight decrease compared to **$499,607** in 2022.

## Competitive Advantage
Elvictor positions itself in the market with several competitive advantages:
- Accessibility to seafarers through established relations with supplier countries.
- Flexibility and the ability to tailor services due to a smaller organizational structure.
- A transparent operational approach that meets the Environmental, Social, and Governance (ESG) requirements of clients.

## Conclusion
Elvictor Group, Inc. combines over **65 years** of leadership experience in the shipping industry with advanced technological innovations, positioning itself as a significant player in the crew management services market. The company's operational footprint and strategic focus on customer satisfaction aim to enhance its growth in a challenging market landscape.

Elvictor Group, Inc.

10-K / April 14, 2025

10-K / April 1, 2024

10-K / April 14, 2025

Company Overview Summary

Company Name

Business Focus

Key Services

Operational Scope

Employees and Management

Revenue and Income

Market and Customer Base

Financial and Operating Highlights

Strategic Plans