In July, Code Red told me that they hadn't yet located the original 35mm elements. They had been in contact with the rights holder, and a few of the crew members, so there's certainly momentum.
I haven't asked lately, so there's no telling if CR has found what they're looking for.
As for being on Fangoria's Chopping List, many of the titles in the Future Undated section have been "in the works" for years. Angst, House on Straw Hill, Revenge of Billy the Kid, The Redeemer, Thou Shalt Not Kill...from 2 to 3 to even 4 years and still "coming soon". That list is a mix of titles that are definitely in the works, or have only been mentioned by a given label.
In my opinion, given the current slate from Code Red, Gang Wars is at least one year away, possibly two. They have a number of high-profile genre releases that will probably come before: Silent Scream, Terror Circus, The Mutilator, The Visitor. Also, they have their most anticipated DVD, Nightmare, still without a release date.
Of course, I could be completely wrong. I don't work for Code Red, so I don't know every detail of their schedule(not even close).
Don't get me wrong. I'm looking forward to a Gang Wars DVD from Code Red. I just think that it's a long way off.
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