We like #1 but we think the letters need to be in a different font....perhaps play with the font...make the letters look like they are moving or perhaps just the "press" section should be moving.....maybe angular?
#1 is better...I do feel like the font might be a little plain...perhaps we could add movement to the logo? I feel like the entire thing is lacking something. I want to express the feeling of fast...quick...etc..