The men with the rings belong to the 'religion of crime', and follow the teachings of the 'crime bible'. They intend to make Gotham into their Vatican. Hex and Arkham discover all of this, and it doesn't look good for them when the comic ends.
There's a second story in this comic, 'El Diablo', featuring a Zorro sort of guy in an old west town beset by zombies. Rather, a normal guy with a curse--he must be knocked unconscious in order for the Zorro-like spirit of a vengeful demon to arise, and he arranges for this to happen so that the zombies may be defeated.