We recently brought you word that Warner Bros. had erased Sylvester Stallone's Bullet to the Head from their release schedule so that Sly could oversee the presumed final cut of the film. It turns out that the reports were unfounded, as a studio response today has put to rest any rumors of apparent unease within the project. The press release includes a statement from director Walter Hill (The Warriors) himself, assuring fans that the film is running smoothly and he and Stallone are on the same page. He also reports that they're finishing up shoots on Bullet to the Head, a story that follows a New Orleans hitman (Stallone) and an NYPD detective (Sung Kang) who team up to track down the men who killed their respective partners. That should come as good news to Hill and Stallone fans, as Bullet to the Head sounds like it should be a good old fashion action movie (axe fights!) with two of the genre's greatest veterans. Hit the jump to see the press release.Check out the press release from Hill and Warner Bros. below. There's still no explanation as to why the release date has disappeared without a replacement, but perhaps the studio is waiting to see how Stallone's The Expendables 2 tracks before pegging Bullet to the Head with a new date.

Burbank, CA, March 5, 2012—Contrary to recent inaccurate and unfounded reports that Sylvester Stallone had taken over the editing of BULLET TO THE HEAD, director Walter Hill continues his editing of the movie.  Walter Hill said today, “I'm currently finishing up and locking reels on the movie -- as to the content and style of the film, Sly and I are in perfect sync.   I’m delighted with the way the film is turning out and hopefully so will the audience.”

Hill recently wrapped production on the action thriller starring Sylvester Stallone, which will be distributed by Warner Bros. Pictures.