The band posted a myspace blog saying:

"this has been one of the most important things in our lives for quite a while now.while it's sad to see it come to an end, we're all glad we can look back on some great experiences we have had, and wonderful people we have met throughout the years. we want to thank everyone who has been a part of this, good or bad. it's been a pretty crazy trip. peace out.-sean/verse (rip)"