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You really really either need to reproduce that logo (trace it) in vector, or get the company to supply you with a proper one.
If neither is possible: - invert the logo layer in photoshop, making the background black - go to the channels panel - ctrl click the thumbnail for the graphic... this will PROPERLY select the logo contents.The magic wand is not the appropriate tool to extract a logo from a white background. If you can't do any of the above, at least add an outer glow, or put it inside a white background.
I like the texture, and the strap... although it could possibly be positioned a bit better.

The logo was incoming. I just received the file. What do you mean strap?
Thanks for the review.