I'm glad to hear he's coming back. I wanted to space them far enough apart so, for once maybe, they wouldn't be linked together. Neither film has been released yet and my guess is because they have not found distributors. If we had enough money, you and I could make a film but that doesn't mean anyone would ever see it. Sad but true.
Distribution means everything.
I'd say it'll probably end up being bought by a cable network or a small home video chain if it ever even gets bought. Used under License.