(Another huge thanks to WWB): Hollywood.com reports that Mr. Ashby is in a new movie that was filmed in Spokane, WA called Wet Work with Patrick Muldoon (ex-Melrosian), Carmen Electra, and Judge Reinhold. From the Hollywood.com website:
"Two foster brothers, one an assassin for the underworld and the other a covert operative for the US government, join forces to thwart the plans of a corrupt CIA commander aiming to kill a federal witness."
IMDB confirms most of this information as it lists everyone in the cast, excluding Mr. Ashby. IMDB also lists an expected release date of October 2001.