Z Records have officially withdrawn from negotiations to release legendary guitar superstar John Sykes' (TYGERS OF PAN TANG, THIN LIZZY, WHITESNAKE, BLUE MURDER, SYKES) solo albums in Europe.The following is the label's statement on the matter: "Z Records have had to review our position regarding John Sykes, after several weeks of labored negotiations we have been forced to pass over the chance to release the back catalogue due to, what seemed, an unprecedented lack of commitment from the Sykes camp. This deal was to cost Z Records a considerable amount of money and without such assurances we felt it would be unwise to move forward. We regret this decision, but had no other choice but to protect our interests. We are as disappointed as many of you will be, but in today's climate we cannot risk this venture. We wish all in the John Sykes camp the very best and hope that they all have a prosperous new year."