I think I've found an article that may clear things up.
From "The 2010 Golden Gavel Awards" (Dvd Verdict)
DVD Verdict - The 2010 Golden Gavel Awards
"SANTA MONICA, CA (31 Dec 2010) As we wind down yet another year in home entertainment, the Verdict staff once again offers up a look at the best DVD and Blu-ray releases gracing retail store shelves. Our list may appear conventionally mainstream and heavy on high definition, but the rationale behind these decisions couldn't be more sound.
**) Studio Commendation: Code Red
We begin this year's list with a new tradition, honoring a studio or distributor that has gone above and beyond the call of duty in preserving films most mainstream audiences don't even know exist and could care less about. These are the anti-blockbusters from years past which hold a special place in the hearts of minds of true movie lovers. And to award this year's winner, I turn the podium over to Judge Tom Becker: "While Horror High: 35th Anniversary Edition, Madman: 30-Year Anniversary Edition, The Black Klansman, Death Journey, Stigma, and The Carrier would never warrant a place on a 10 Best List, together they are a unique and formidable group. Taking up the mantle that Something Weird Video seems to have dropped in favor of downloadables, Code Red has put out some killer special editions for films that might never see the light of day or would otherwise be relegated to the cut-out bin. These releases are genuinely fun, each one like a weird little surprise package. While the big studios so often lard their special editions with consumer-friendly, EPK-style supplements, Code Red is giving us bizarre and hilarious commentary tracks (Horror High, Death Journey), cool retrospective featurettes (Madman), interviews with lesser-known but still-interesting supporting players, "alternate" openings (historically important from an exploitation standpoint, as these films often played under various names), and the best trailer collections, usually with a self-mocking reference on the menu screen ("More Pointless Code Red Trailers"). Code Red has always added a little something extra to their releases, but this year -- particularly with Horror High, Madman, and the forthcoming Black Klansman -- they've really stepped up their game. And for that, we salute you!""