Only the first thirteen issues of Volume 1 were created by Derry and Beauvais before Aircel replaced them with an entirely new creative team, art style, characters, logo, and story with no connection to the original.
The original Warlock Five were: As of Volume 1, Issue #14 and onward, the series seems to have had something to do with elves (as depicted on multiple covers).
Warlock 5 is a comic book in which five beings engage in a fight for the thing of ultimate importance.
[1] Martin A. Stever reviewed Warlock 5 in Space Gamer/Fantasy Gamer No.
Lots of magic, guns, swords, robots, babes, motorcycles, and very nice art".