It seems I was a bit presumptuous on my last post ...
The Debian Network Install works perfectly! I am sad to say that I can't get the Ubuntu Network Install to work. When the installer gets to the part about checking the mirror, it stops and in another terminal it says that "mirror doesn't have any suite symlinks" and "mirror does not support the specified release (precise)". I attached a copy of the screenshot I took using Virtualbox to test this all with.
Any help would be greatly appreciated!