Edwards initially denied that he was the father of the child, whose name is Frances Quinn Hunter.
Andrew Young, a former Edwards aide who initially claimed paternity, will be releasing a book on February 2nd discussing the scandal.
Here's Edwards' statement, which was released to the Associated Press this morning, in full:
I am Quinn's father. I will do everything in my power to provide her with the love and support she deserves. I have been able to spend time with her during the past year and trust that future efforts to show her the love and affection she deserves can be done privately and in peace.
It was wrong for me ever to deny she was my daughter and hopefully one day, when she understands, she will forgive me. I have been providing financial support for Quinn and have reached an agreement with her mother to continue providing support in the future.
To all those I have disappointed and hurt, these words will never be enough, but I am truly sorry.
John R. Edwards
MORE: Click here to read CBSNews.com's full story on Edwards' admission.