I told you they made quite a few Punisher movies, but this is the oldest to known record. Ancient Mesopotamia may have had their own Punisher movies back before recorded history, but we will never know (what the hell am I talking about?). This one stars Dolph Lundgren, who was the king of 80s/90s action movies. I'm sure that the only reason this got made was as a vehicle for Dolph Lundgren. Nobody who made this cared about the character. It was just an excuse for Dolph to kick ass.
If you love the charm of the 80s, then this might be your Punisher movie. Dolph is still in the action movie game too, playing in The Expendables series with every other 80s action star. That movie is a retirement home for action stars of yesteryear.