JT WORLD V—JT Financial Bank announced that it has bought out the Allenvest International Exchange (AVIX) and will be reorganizing it as the SL Capital Exchange (SLCE).

JT Financial Bank purchased AVIX for L$1,000,000 upfront with L$7,000,000 to be paid within the calendar year, which Arbitrage Wise, CEO of the virtual companies Wise Metaverse and JT Financial, expects will be mostly from profits made. After the transition, current AVIX and Allenvest Investment Capital Chief Executive Officer Investor Allen will no longer be involved in AVIX's daily operations and Maelstrom Baphomet, COO of AVIX and CEO of Dragon Global Diversified, will be promoted as President and act as the face of AVIX.

”Our intention to start an exchange has always been there so having AVIX as a working engine will all the companies listed on there is sort of a bonus and is better than starting from scratch. The platform itself is worth the price," Wise said. "I think it's a perfect fit that will allow us to carry out ideas better and generate more capital for our other holdings if we need to, which we don't at this time. I look at this purchase as a start... and what AVIX did was give us a boost. I think AVIX was undervalued based on what I feel I can do. I think I can create more profits for the shareholders, increase volume, and bring a lot of credibility to the exchange sector.”

Accountability in terms of companies disclosing their records has been a recurring issue with SL’s stock exchanges. "You can't fake live viewing and verifications--either you can show us you have what you have, or you don't,” Wise said. “There are tangible asssets in SL that needs physical verifications and most people are skeptical about screenshots so we've eliminated that. So unless you can log into someone's account with the money you claim you have...then you better have what you're stating."

The SL financial sector has been shaken lately by the theft at WSE, which has caused concern and cast doubts on the confidence of the exchanges within SL. “The recent WSE and Ginko incidents have caused a lot of concerns. Add in the gambling ban and it was a perfect storm,” Wise said. “It does present us a good opportunity by giving us a chance to prove that we are for real and can weather storms that others can't.”

"This week has been nothing but bad news [in the financial sector]... but I think things will be looking up from here. “I would say just have confidence in us... no customer has lost a single cent with JT Financial,” Wise said. “If you don't approve of the buy, just sit