Anna Nicole Smith was still popular in 1998 when 'Exposed' came out. She had done two b movies and was still modeling, making headlines. Her acting credentials might have been in question, but she still looked good naked and none of us knew the extent of her personal troubles yet. So it was no big stretch to see her go off on her own (well sorta) and do her own softcore video. The bad news is it isn't very good.
Those two action flicks she did were for PM Entertainment and the same goes for 'Exposed'. Maybe it was part of a 3-picture deal, maybe it was a quick cash in. If you want to see a scripted video of ANS getting sexual with her "employees" (really actors) then you may get something from this. For me there was too much dialog, too much setup and not enough payoff.
Throw in a ANS voiceover that sounds manufactured in the worst way possible, a photoshoot and 'Exposed' literately wrapping up by showing the "best" parts straight from her two action flicks to extend runtime and you have a real clunky piece of low level titillation. Unless you're a Anna Nicole Smith mega-fan or completionist, skip it.