PAL Region 2 'Surf 2' available from this Italian site!
Here is one place in Italy where you can buy the fullscreen DVD (no extras) at €10,65 (~$13):
http://www.unilibro.it/find_buy/dvd/dvd_go/surf_2_sole_e_pupe_a_surf_city.asp?sku=12178218&idaff=0
The full title is Surf II - Sole e pupe a Surf City, length is 95 mins, languages are Italian and English, and here's a picture of the DVD:
http://www.terminalvideo.it/images/articoli/img_172232_lrg.jpg