Looks like we've made some progress in the area of colour correcting, and we're almost there.
The next step is to show it to the cast, and send screeners to some filmmaker friends and festivals. We haven't really been looking too closely at what festivals are coming up-- better to get the film done right than get it done sloppy in time for this due date or that one-- but I think we've more or less missed out on the big January-February festivals.
Our basic plan is to ask some of our friends what festivals they think we have a shot at, and trying those first; then we'll try some other American festivals. I doubt we'll try any abroad, as our finances don't really allow for much travel. Heck, our finances don't allow us to apply to a whole bunch of festivals, either. $30-60 a pop is a whole lot of money to give someone on the off-chance they may watch more than five minutes of your film.
So our basic idea is to choose carefully and see where it goes from there.