According to Variety, Sylvester Stallone will be starring and directing the action film The Expendables for Nu Image/Millennium Films.
The story is about "mercenaries on a mission to overthrow a South American dictator." Joining Stallone in this new action endeavor will be Jason Statham. Jet Li is currently in talks to be involved.
The film will shoot in February 2009 in the locales of Costa Rica and Louisiana.