I like some of this, but it is too fuzzy, and there seem to be two superimposed letters on the badge that I cannot decipher. I'm also not sure how well the light blue on the dark blue background would work. (I presume you are proposing a rectangular blue background.)
#69 -- I think you are over-emphasizing the badge in your graphic.
The star is nice, but the back-to-back B's look like the number 88.
We also do not like the gradient effects. They look too much like computer art.
This might be a good log for a security guard company, but not for our professional services.
We do note that you seem to have studied some of the higher ranking entries, and we appreciate that you are adjusting and making a real effort. Perhaps we will see something really good from you.