After months of speculation, Eminem's Shady Records finally announced the signing of Slaughterhouse and Yelawolf on Tuesday (Jan. 11).

The label head and his new signees appear on the cover of the March issue of XXL, and has a snippet of what the rappers have to say about the new venture.

"Yelawolf and Slaughterhouse, it's kinda phase two of Shady," says Eminem. "It's the new generation of Shady Records and as we're trying to rebuild our label, it's exciting for hip-hop and with all of these forces coming together and with what everybody's capable of on the mic, it's gonna be fun."

Yelawolf shared his thoughts as well:

"Considering where I'm from and the shit I've been through, it's hard to put into words what partnering with Shady means to me, my team at Ghet-O-Vision, and my state of Alabama. I can tell you that when you're willing to give your life up to see a dream through, the reward is great. And now that I've become an apprentice to one of the greatest artists in the world, my potential reaches beyond anything I ever imagined. Let's kill this shit."

The Slaughterhouse-signing-to-Shady rumors began in 2009, after its members -- Crooked I, Joe Budden, Joell Ortiz and Royce Da 5'9" -- appeared in the "Forever" video alongside Eminem. A couple of days after the video's release, 5'9" confirmed that the group was in talks with Eminem to sign with Shady Records, but the signing was not confirmed until now.