According to Fango, both Salva and actor Ray Wise will be returning for the follow-up -- which I've no doubt will debut on DVD. Here's what the director told Fangoria: "It's tentatively titled Jeepers Creepers 3: The Creeper Walks Among Us*. It includes a prologue in the Old West and might bring back several characters from the first two films 20 years later. The script and story will be big on scares and give us plenty more of the traditional Creeper creepiness, with a few more bits thrown in about what it might be and where it came from."
He then goes on to lobby MGM for a theatrical release: "Each [ Jeepers flick] went on to make over $100 million apiece on DVD. I believe a theatrical release is critical to this kind of success on video. I don't think you can have one without the other, and it would be a shame not to be able to see what I have planned for Jeepers III up on the big screen." Uh, Vic? Have you seen Wrong Turn 2? Not to be nasty, but it's a whole lot better than Jeepers Creepers 2, and I highly doubt its distribution plans had anything to do with it. Just make a good flick and let the studio worry about its venue, eh?
(* Yes, I do believe this is a spin on The Creature Walks Among Us (aka Black Lagoon 3). Slightly clever, but a bit too wordy if you ask me.)