In a statement released by Prospect Park this afternoon, the company has confirmed that, after five months of negotiations, the launch of OLTL and AMC on TOLN have been shelved. "It is now becoming clear that mounting issues make our ability to meet our deadlines to get OLTL on the air in a reasonable time period following its January 13, 2012 ABC finale impossible," the statement from PP's Rich Frank and Jeffrey Kwatinetz read. "We believe we exhausted all reasonable options apparent to us, but despite enormous personal, as well as financial cost to ourselves, we failed to find a solution…. In our opinion, new models like this can only work with the cooperation of many people striving to make them happen, and we would like to thank and praise the numerous people who tried to help and showed us incredible support. We are extremely grateful to the fans and media who showed great support to us through this process, to ABC who did everything in their control to help, and we are especially grateful for the support and encouragement from many of the Soaps' cast and crew themselves." The release went on to thank the OLTL and AMC actors who did sign on with PP as well as Executive Producer Frank Valentini and OLTL Head Writer Ron Carlivati, adding, "We feel terrible we couldn't come through for them and we were very much looking forward to working together."