I think you have the type of film (along with the title and great kick-ass poster) that would be pretty easy to find distribution to major stores like Hollywood Video, Blockbuster, etc.
Anybody who likes action, thrillers, horror, etc., would probably consider renting that in a heartbeat, and most I bet, would. You have a very appealing looking movie that looks to stand above most direct-to-video-action movies and thrillers. It even looks better than the ones that have known names attached. I mean, do Steven Seagal and Dolph Lundgren stand a better chance with some lame looking movie they've already been in a hundred times, or some mysterious "Pain Killer" movie that looks like what the Punisher should have been.
Or maybe you're looking for theatre distribution, obviously that may be harder, but I think you could find that, but I don't think there'd be any hesitation for somebody like Screen Media Films, The Asylum, Image Entertainment, perhaps Lions Gate, to pick it up for direct-to-video.
And since a movie like this has a gauranteed market, you're right about film festivals being a waste of time. They can be a great outlet for unusual films and ones that otherwise probably wouldn't get looked at w/o festival praise or awards, but the cost can rise way above your own film's budget and may be worthless. If you have something easy to sell, like your movie, why not go staight for distribution.
All the best wishes, regardless.
