Excellent feedback everyone. I think since a good majority of us are feeling the 2nd design is working well, I'll just refine that and play with the border and perhaps change some upper casing to "small caps", I'll post more variations of the 2nd design, probably late, laaate tonight.
Regarding color. For now, I think we are just keeping it 1 color, there is a really inexpensive printer that will print 250 of these stickers for $25.00 (1 color). If anyone has another connection, please let myself or George (LBmtb) know.