Source magazine�s co-founders, David Mays and Raymond "Benzino" Scott held a press conference last month where they revealed two early recordings by Eminem that reportedly contains racial slurs against blacks. 

According to the magazine, the tapes in their possession date back to 1988 and 1993, and features a young Eminem �freestyling� to a beat box and old school drum machine. But it�s the lyrics that the Source founders are using in their battle with the popular, yet controversial, rapper. 

The following lyrics are the fuel Mays and Benzino are using in their fire against Eminem: 

 �All the girls I like to bone have big butts/ No they don't, 'cause I don't like that n*gger sh*t/ I'm just here to make a bigger hit� � from the first track reportedly from 1993. 

The rest of the lyrics come from another track reportedly made by Eminem in 1988 after he broke up with a girlfriend. 

 �I�ll get straight to the point/Black girls are b*tches, that�s why I�ma tell ya you better pull up your britches/Cause all that cash is making your ass drag from the boyfriend ya ganked and that�s pretty bad/I mean that�s pretty sad when ya dating a Black guy/And then you turn around a f*ck another big, Black guy now that�s pretty wrong, but you�re just ganking/But that�s okay because you need a godd*mn spanking/From me, the funky Eminem� 

"Blacks and whites, they sometimes mix/ But black girls only want your money, 'cause they're dumb chicks" 

"Never date a black girl, because blacks only want your money/ And that sh-- ain't funny."

After the press conference, Eminem issued a statement explaining that the second song was made when he was just a �foolish and angry� 15-year-old upset about a break up. 

His manager, Paul Rosenberg, said that he and Eminem had never "heard or heard of" the first track. 

Eminem must have felt that his initial statement that explained the origins of the second song wasn�t enough. He issued a new statement on Thursday and actually apologized for the song. 

In his new statement, Eminem said that the controversial free style rap "in no way represents who I was then or who I am today. In becoming an adult, I've seen what hip-hop and rap music can do to touch millions of people. The music can be truly powerful, and it has helped improve race relations in a very real way. I want to use this negative attack on me as a positive opportunity to show that." 

Eminem, who has had an ongoing feud with Benzino from Source magazine, also took aim at the press conference and dismissed it as "really nothing more than blatant self-promotion for a failing magazine and one man's lifeless music career. They're scared of what can happen if the hip-hop community shows it can live without them."

The controversial rapper also included in his statement what some have been calling for, an apology.  "So while I think common sense tells you not to judge a man by what he may have said when he was a boy, I will say it straight up: I am sorry I said those things when I was 16. And I don't want to let anybody turn this into an opportunity to promote their own bullsh-- agenda."

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