Following its screening at the Palm Springs International Film Festival, the film failed to get a proper theatrical release and was released straight to DVD on October 22, 2002.
Liberty Wallace (Linda Fiorentino) is the Vice President of Marketing of one of the largest gun manufacturers in the United States, McCloud Industries. She's the daughter of the company's founder, and married to the company's ruthless CEO, Victor Wallace (Oliver Platt). While Victor is busy weapons trafficking in international armaments, Liberty takes business breaks to conduct an affair with actor Russell Williams (Martin Cummins).
The balance of their marriage of convenience shifts when a sniper named Joe (Wesley Snipes) aims his rifle at Liberty as she walks through a busy Los Angeles park on her way to meet Russell. Joe calls Liberty on her cell phone and orders her to shackle herself to a nearby hot dog vendor's cart. Liberty has no intention of acquiescing to Joe's wishes, until Joe begins shooting.
Quickly convinced, she locks herself to the stand, only to learn that it is loaded with explosives. If she calls for help, hangs up the phone, mutes the phone, or fails to co-operate, the bomb will go off. Joe has also attached a bomb to Russell, who is now in his dressing room at the theater.
Liberty realizes she can not buy her way out of the situation, and she is forced to consider Joe's demand for an anti-gun forum. It is revealed that Joe's daughter was fatally shot at school by a classmate, who used a gun manufactured by McCloud Industries. Joe has decided to show Liberty what it is like to be on the other end of the weapon, and the horrors of what she has had a blind hand in for years.
Victor has apparently bartered illegal deals without Liberty's knowledge, ones that have resulted in easier access to weapons for street dealers, including the ones who sold the weapon that killed Joe's daughter. Joe wants Liberty to use her political connections and this incident to spark a public debate on the Second Amendment. Despite his past, Joe no longer supports the unequivocal right to bear arms.
Joe tells Liberty that she is going to die, but that she can die a hero if she exposes her company's shady business dealings and political connections before she's killed. As Joe monitors and records her every move, Liberty reveals secrets about her own past, and her business dealings.
When Victor, who is also having an affair, finds out that Liberty has been taken hostage, he is torn between protecting himself and allowing Liberty to be killed, or going to help her. Eventually, he arrives on the scene. At first, it seems that Joe, who is actually a former CIA agent named Alex, is using Liberty as bait to attract media attention, but then Joe guns down news reporter Bill Tollman (Jonathan Scarfe), who is also the son of a hawkish U.S. Senator.
Joe calls Victor on his cell phone, and Victor recognizes the caller's voice. Joe shoots and kills Victor in front of Liberty, and he then informs her that a key to the shackles is hidden in a box, underneath the hot dog cart. Liberty retrieves the key and releases herself, and then she runs to Russell's dressing room. Together, they helplessly watch the timer on his bomb count down to zero. When the bomb does not explode, they realize that it was a fake.
Meanwhile, a police SWAT team has figured out which building Joe is hiding in. Before they can get to Joe, he shoots himself in the head, and dies, but he has already forwarded Liberty's recorded confessions to several newspapers.
The Film premiered at the Palm Springs International Film Festival on January 18, 2002, originally planned to have a worldwide theatrical release, but due to the film's critical reception it was released DTV in 2003.
The film has received mostly negative reviews; critics praised Snipes and Fiorentino's performances, but panned the overall premise. The film was panned by gun-rights supporters as being very anti-gun and portraying all firearm owners in a negative light. Many noted the film's similarities to Joel Schumacher's Phone Booth, another film released around the same time.
The film has a 5.7/10 on IMDB.