Not elevator action 2, that was side scrolling. But when comparing graphics, I think it came out at about the same era as Elevator Action 2.
It was a Top-scrolling game (like Grand Theft Auto 1 or 2 on the PC), not a side-scroller. It was similar to alien syndrome in some ways, except it had newer better graphics.
Man, I just can't remember the weapons and stuff. I think the key to remembering what it was, is that there were these bombs placed in certain places around the map and you had to go around and disarm them before the time ran out....all while be chased/shot at by bad guys.
It was two player at the same time...I'm not sure if it was split screen or what...
Anyone?