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It is simple but it's not catch the eyes. One of my reason is colour. You have 3 colours in this logo (as I saw). So one of the problem is when you put thin one into some printing media like newspaper or else. How it will look like. Will it still the same like this?
Why not try make new shape of the word "Mat". Simple colours and those colours should not be so close to each others. Make some contrast or something else.
But I do like your idea to make it simple.
Keep on going :)

Thanks for the color insight! I'm trying some color variations over here!