Thank you for your feedback. First of all I would like to answer of your question, why did I use the hang tag in logo? If honestly I'm not so good in English and I didn't know what "promo" word means. Making search in google images I saw many picture of the hang tag and thought that there is some connection between "promo" and hang tag. That's why the description of my logo is creative representation of company's name - the hang tag and skyline. I wouldn't say that the logo is so literal, because it's very creative. As designer I wouldn't use any abstract symbol for this logo, because in that way the meaning of icon and company's name won't match with each other, which will wrong, in my opinion. So I made creative, meaningful, simple and modern logo which can work in any color and on everywhere. If I win the contest then I can provide you different versions of my logo, even the icon itself, which can use and without text. If you want any changes or have any questions, just let me know please.
Best regards.
Artur