Hi Maark.
I'm afraid that coming into this no one in the company really has much of an idea of what it is that the logo should look like - which leaves you designers without much of a place to start.
Your submission here incorporates 2 very different elements - which I definitely appreciate. Unfortunately, I'm afraid I really dislike both of them.
1. The AB - I don't like the tight joining of the otherwise plain text. And the slight angle and cut off left corner gives it the appearance of sinking.
2. the all lowercase "absolutions" is not desirable.
Thank you for taking the time - I hope to see something else from you as the week goes on and we come up with some better direction on what we DO like.