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Hey Marc
I like the name and I agree with Nate, number one is by far the best...
When I say draggler the first thing that pops into my head it dracular (eh I have odd thoughts, but this may only be a problem if saying it over the phone for the first time)
I would say that keeping one colour for the font would be best and maye incorporate it into the logo, eg where the red bar is make that "draggler"
Anyway Good luck, I would like to see the finished product, sounds neat!
