Adrienne Maloof and Paul Nassif Reach Divorce Settlement, Excited Over "New Beginning"

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The storm appears to have passed between Adrienne Maloof and Paul Nassif.

The couple, who announced their divorce over a year ago and who have battled ever since over custody and other issues, released a joint statement yesterday in which they said a settlement has finally been reached.

Adrienne Maloof and Paul Nassif in Happier Times

"We recently reached an agreement on all outstanding issues related to our divorce settlement and all pending litigation," the ex-couple said, adding they are "happy to be moving forward with our lives in a positive way, not only individually, but as co-parents. This is a new beginning for each of us."

Added the former Real Housewives of Beverly Hills cast members:

"Our first priority is our children's well-being and happiness. As their parents and advocates that is our goal. Our children are our most important treasures and need to be treated with the respect and privacy they deserve. … We appreciate the good wishes we continue to receive from our supporters around the world."

For the sake of Adrienne and Paul's kids, we are very glad to hear this.