This is what was recorded in the SMSTS.log Any help would be greatly appreciated. Thanks.
<![LOG[LOGGING: Finalize process ID set to 768]LOG]!><time="09:45:17.609+000" date="01-28-2010" component="TSBootShell" context="" type="1" thread="772" file="tslogging.cpp:1489">
<![LOG[==============================[ TSBootShell.exe ]==============================]LOG]!><time="09:45:17.609+000" date="01-28-2010" component="TSBootShell" context="" type="1" thread="772" file="bootshell.cpp:963">
<![LOG[succeeded loading resource DLL 'X:\sms\bin\i386\1033\TSRES.DLL']LOG]!><time="09:45:17.609+000" date="01-28-2010" component="TSBootShell" context="" type="1" thread="772" file="util.cpp:869">
<![LOG[Debug shell is enabled]LOG]!><time="09:45:17.609+000" date="01-28-2010" component="TSBootShell" context="" type="1" thread="772" file="bootshell.cpp:974">
<![LOG[Waiting for PNP initialization...]LOG]!><time="09:45:17.765+000" date="01-28-2010" component="TSBootShell" context="" type="1" thread="780" file="bootshell.cpp:59">
<![LOG[booted from network (PXE)]LOG]!><time="09:45:17.765+000" date="01-28-2010" component="TSBootShell" context="" type="1" thread="780" file="configpath.cpp:198">
<![LOG[Found config path X:\sms\data\]LOG]!><time="09:45:17.765+000" date="01-28-2010" component="TSBootShell" context="" type="1" thread="780" file="bootshell.cpp:553">
<![LOG[booting from removable media, not restoring bootloaders on hard drive]LOG]!><time="09:45:17.765+000" date="01-28-2010" component="TSBootShell" context="" type="1" thread="780" file="bootshell.cpp:564">
<![LOG[Executing command line: wpeinit.exe -winpe]LOG]!><time="09:45:17.765+000" date="01-28-2010" component="TSBootShell" context="" type="1" thread="780" file="bootshell.cpp:767">
<![LOG[Executing command line: X:\WINDOWS\system32\cmd.exe /k]LOG]!><time="09:45:18.312+000" date="01-28-2010" component="TSBootShell" context="" type="1" thread="772" file="bootshell.cpp:767">
<![LOG[The command completed successfully.]LOG]!><time="09:45:18.312+000" date="01-28-2010" component="TSBootShell" context="" type="1" thread="772" file="bootshell.cpp:850">
<![LOG[successfully launched command shell.]LOG]!><time="09:45:18.312+000" date="01-28-2010" component="TSBootShell" context="" type="1" thread="772" file="bootshell.cpp:430">
<![LOG[The command completed successfully.]LOG]!><time="09:45:31.937+000" date="01-28-2010" component="TSBootShell" context="" type="1" thread="780" file="bootshell.cpp:850">
<![LOG[starting DNS client service.]LOG]!><time="09:45:31.937+000" date="01-28-2010" component="TSBootShell" context="" type="1" thread="780" file="bootshell.cpp:597">
<![LOG[Executing command line: X:\sms\bin\i386\TsmBootstrap.exe /env:WinPE /configpath:X:\sms\data\]LOG]!><time="09:45:32.437+000" date="01-28-2010" component="TSBootShell" context="" type="1" thread="780" file="bootshell.cpp:767">
<![LOG[The command completed successfully.]LOG]!><time="09:45:32.437+000" date="01-28-2010" component="TSBootShell" context="" type="1" thread="780" file="bootshell.cpp:850">
<![LOG[==============================[ TSMBootStrap.exe ]==============================]LOG]!><time="09:45:32.468+000" date="01-28-2010" component="TSMBootstrap" context="" type="1" thread="1176" file="tsmbootstrap.cpp:1039">
<![LOG[Command line: X:\sms\bin\i386\TsmBootstrap.exe /env:WinPE /configpath:X:\sms\data\]LOG]!><time="09:45:32.468+000" date="01-28-2010" component="TSMBootstrap" context="" type="0" thread="1176" file="tsmbootstrap.cpp:1040">
<![LOG[succeeded loading resource DLL 'X:\sms\bin\i386\1033\TSRES.DLL']LOG]!><time="09:45:32.468+000" date="01-28-2010" component="TSMBootstrap" context="" type="1" thread="1176" file="util.cpp:869">
<![LOG[succeeded loading resource DLL 'X:\sms\bin\i386\TSRESNLC.DLL']LOG]!><time="09:45:32.468+000" date="01-28-2010" component="TSMBootstrap" context="" type="1" thread="1176" file="resourceutils.cpp:152">
<![LOG[Processor Is IA64: 0]LOG]!><time="09:45:32.484+000" date="01-28-2010" component="TSMBootstrap" context="" type="1" thread="1176" file="tsmbootstrap.cpp:1005">
<![LOG[PXE Boot with Root = X:\]LOG]!><time="09:45:32.484+000" date="01-28-2010" component="TSMBootstrap" context="" type="1" thread="1176" file="tsmbootstrap.cpp:921">
<![LOG[Executing from PXE in WinPE]LOG]!><time="09:45:32.484+000" date="01-28-2010" component="TSMBootstrap" context="" type="0" thread="1176" file="tsmbootstrap.cpp:936">
<![LOG[Loading TsPxe.dll from X:\sms\bin\i386\TsPxe.dll]LOG]!><time="09:45:32.484+000" date="01-28-2010" component="TSMBootstrap" context="" type="0" thread="1176" file="tsmbootstraputil.cpp:1319">
<![LOG[TsPxe.dll loaded]LOG]!><time="09:45:32.484+000" date="01-28-2010" component="TSPxe" context="" type="0" thread="1176" file="tsmbootstraputil.cpp:1329">
<![LOG[Device has PXE booted]LOG]!><time="09:45:32.484+000" date="01-28-2010" component="TSPxe" context="" type="0" thread="1176" file="tspxe.cpp:122">
<![LOG[succesfully added firewall rule for Tftp]LOG]!><time="09:45:32.500+000" date="01-28-2010" component="TSPxe" context="" type="0" thread="1176" file="fwopen.cpp:123">
<![LOG[Executing: X:\sms\bin\i386\smstftp.exe -i 199.218.126.8 get X:\sms\data\variables.dat]LOG]!><time="09:45:32.500+000" date="01-28-2010" component="TSPxe" context="" type="0" thread="1176" file="tspxe.cpp:177">
<![LOG[Command line for extension .exe is "%1" %*]LOG]!><time="09:45:32.625+000" date="01-28-2010" component="TSPxe" context="" type="0" thread="1176" file="commandline.cpp:229">
<![LOG[set command line: "X:\sms\bin\i386\smstftp.exe" -i 199.218.126.8 get X:\sms\data\variables.dat]LOG]!><time="09:45:32.625+000" date="01-28-2010" component="TSPxe" context="" type="0" thread="1176" file="commandline.cpp:707">
<![LOG[Executing command line: "X:\sms\bin\i386\smstftp.exe" -i 199.218.126.8 get X:\sms\data\variables.dat]LOG]!><time="09:45:32.625+000" date="01-28-2010" component="TSPxe" context="" type="1" thread="1176" file="commandline.cpp:805">
<![LOG[Process completed with exit code 1]LOG]!><time="09:45:32.656+000" date="01-28-2010" component="TSPxe" context="" type="1" thread="1176" file="commandline.cpp:1102">
<![LOG[succesfully removed firewall rule for Tftp]LOG]!><time="09:45:32.671+000" date="01-28-2010" component="TSPxe" context="" type="0" thread="1176" file="fwopen.cpp:146">
<![LOG[uExitCode == 0, HRESULT=80004005 (e:\nts_sms_fre\sms\server\pxe\tspxe\tspxe.cpp,185)]LOG]!><time="09:45:32.671+000" date="01-28-2010" component="TSPxe" context="" type="0" thread="1176" file="tspxe.cpp:185">
<![LOG[Failed to download pxe variable file. Code(0x00000001)]LOG]!><time="09:45:32.671+000" date="01-28-2010" component="TSPxe" context="" type="3" thread="1176" file="tspxe.cpp:185">
<![LOG[PxeGetPxeData failed with 0x80004005]LOG]!><time="09:45:32.671+000" date="01-28-2010" component="TSPxe" context="" type="3" thread="1176" file="tsmbootstraputil.cpp:1419">
<![LOG[hrESULT_FROM_WIN32(dwError), HRESULT=80004005 (e:\nts_sms_fre\sms\client\tasksequence\tsmbootstrap\tsmbootstraputil.cpp,1420)]LOG]!><time="09:45:32.671+000" date="01-28-2010" component="TSPxe" context="" type="0" thread="1176" file="tsmbootstraputil.cpp:1420">
<![LOG[TSMBootstrapUtil::PxeGetPxeData(&bPxeBooted, sVariablesFile, sPxePasswd), HRESULT=80004005 (e:\nts_sms_fre\sms\client\tasksequence\tsmbootstrap\tsmediawizardcontrol.cpp,2236)]LOG]!><time="09:45:32.671+000" date="01-28-2010" component="TSPxe" context="" type="0" thread="1176" file="tsmediawizardcontrol.cpp:2236">
<![LOG[oTSMediaWizardControl.Run( sMediaRoot, true, true ), HRESULT=80004005 (e:\nts_sms_fre\sms\client\tasksequence\tsmbootstrap\tsmbootstrap.cpp,937)]LOG]!><time="09:45:32.671+000" date="01-28-2010" component="TSPxe" context="" type="0" thread="1176" file="tsmbootstrap.cpp:937">
<![LOG[Execute( eExecutionEnv, sConfigPath, sTSXMLFile, uBootCount, &uExitCode ), HRESULT=80004005 (e:\nts_sms_fre\sms\client\tasksequence\tsmbootstrap\tsmbootstrap.cpp,1106)]LOG]!><time="09:45:32.671+000" date="01-28-2010" component="TSPxe" context="" type="0" thread="1176" file="tsmbootstrap.cpp:1106">
<![LOG[Exiting with return code 0x80004005]LOG]!><time="09:45:32.671+000" date="01-28-2010" component="TSPxe" context="" type="1" thread="1176" file="tsmbootstrap.cpp:1118">
<![LOG[Execution complete.]LOG]!><time="09:45:32.671+000" date="01-28-2010" component="TSBootShell" context="" type="1" thread="780" file="bootshell.cpp:624">
<![LOG[Finalizing logging from process 768]LOG]!><time="09:45:32.671+000" date="01-28-2010" component="TSBootShell" context="" type="1" thread="780" file="tslogging.cpp:1736">
<![LOG[Finalizing logs to root of first available drive]LOG]!><time="09:45:32.671+000" date="01-28-2010" component="TSBootShell" context="" type="1" thread="780" file="tslogging.cpp:1578">
<![LOG[successfully finalized logs to C:\SMSTSLog]LOG]!><time="09:45:32.687+000" date="01-28-2010" component="TSBootShell" context="" type="1" thread="780" file="tslogging.cpp:1635">
<![LOG[Cleaning up task sequencing logging configuration.]LOG]!><time="09:45:32.687+000" date="01-28-2010" component="TSBootShell" context="" type="0" thread="780" file="tslogging.cpp:578">