Vectorize Image and optional modernization

This project received 19 bids from talented freelancers with an average bid price of $55 USD.

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I have a logo in eps-format that does not seem to be a true vectorized image. The project is to take the current logo an vectorize it so that it scales to the desired size depending on use.

Just make the logo nice, because now, it really can't be used for anything.

EXTRA: Also the current logo is old needs to be freshened up a bit. If you desire, please provide me with a couple of suggestions for a modernized logo. Hints here could be: A slight wavy flag, fonts without serifs, alignment, etc.

The Extra is just as a "teaser" for my client, so I suggest you provide me with watermarked low quality suggestions, that they may choose from.

Please price the project according to the vectorization only, and PM me with prices for the suggestions that you may or may not want to provide if we want to purchase one of the modified logos (no obligation on my part). Remember...the EXTRA is optional and not part of the key project.

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