Im not sure if your able to read feedback from other submissions but I asked the other artist to feel free to expand the flag beyond the perimeter of the coupon. I like this example here:
http://c24708.r8.cf1.rackcdn.com/528551065278-223.png, I like the font treatment (not sure how it will look given the size), also I like how the flag sits behind. I think if you can tweak the font style and incorporate the flag more like the example I provided and behind the focal point it would look really nice. Id like to see this with and without the woman (the one with the woman, please place her behind, almost like she's holding the coupon). Great work so far.