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the flag thingy with the r and c letters is totally over used. if you look at automobile magazines you'd find a million businesses with those checkered flags for logos.
skull and cross bones signify death or bad arses... i'd build on theW&W name and use the 'extreme r/c racing' as sub-titles. you could try and use different fonts for starters or maybe use cartoonish type vehicles like the wild willy from tamiya (example only). hth!
btw, what is your specialty... batteries or gas powered?
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