Hi Terry. I'm so glad that you liked the typography with the %ercent part of your company name. I have to say I think it's pretty cool myself!
I understand your hesitance about the simplicity of it, but I would like to point out that in logo design, the best brands tend to be ultra simple. I think simplicity is important with a logo like the one I'm offering because to make the design of it too complex, I think, would only detract from the effect. However, I think there's definitely more we can do with this without letting it get too complex. I've uploaded a new variation for you to think about. #59 stacks the company name in a block, and I've done the lettering in white on a rectangular background in the red that you like from your current logo. I used a gradient effect on the rectangle, and I think the shape does remind me of a tag from a towel or t-shirt without being a literal tag. With #60, I added a line below the block to show what it could look like to include a tagline of some sort. Of course, this text can be changed to suit your needs.
I'd love to hear your feedback to see if I'm headed in the right direction! Many thanks!