Directed and produced by Chris Petropoulos, the website for the film declared the film is rated NC-17 for "sexual content, explicit language, frightening and disturbing situations." The film is described as being "real tape horror" in the same vein as The Blair Witch Project. Apparently the Greek police have been denying the existence of the tape, which was found in Western Green in March 2008.
I guess they're doing a pretty bad job at that. Check out the film's Facebook page, and the second trailer after the break. Seriously, this movie just looks freakin' weird.