The problem ended up being a faulty crankshaft positioning sensor.
This threw me for a loop because, from what Iíve read, when you first turn the key on, the PCM turns on the ASD relay sending power to the distributor and the fuel pump. Then the PCM cuts power to the ASD because it does not receive a signal from the crankshaft and camshaft sensors (because the motor is not turning). Then when you turn the key further and start cranking the motor over, the PCM receives signals from both the crankshaft and camshaft sensors and turns on the ASD relay again. I could see this by hooking a test light up to the ASD input wire on the distributor, turn the key on and the test light lit up for a second, then when cranking the motor the test light came back on and stayed on as long as the motor was cranking. Telling me both the ASD relay, camshaft and crankshaft sensor were working. I only found the problem when I started testing all the circuits and sensors separately. The crankshaft sensor was producing no signal. I pulled it out and tested it again and it started producing a signal, taking no chances I replaced it and whola she fired right up.
Hope this helps someone in the future.