Yes Darrel, he is right, it´s best for web. But the best layout for most other situations is squared layouts. They fit better in ads, letterheads, promos, sponsors, etc. That´s why most of the big brands always have different layout versions for the same logo, for different media. I´ll upload variations in layouts so you see how they look. You can always ask for these layout variations to the contest winner, as well as Black version (for fax or one color publications).
Thanks!.
Nat