That monstrosity looked like a penis! :ack2: It never went anywhere and was only seen on a couple of websites.
This is nice work and has a clean motorsport feel to it, but I'm with Phraggy- that graphic device does feel a little overused. I would have used a boat instead of a prop- at business card size it's kinda sorta hard to tell what it is.
Set up a smaller-size version and open up the character spacing a bit on the 'OFFSHORE POWERBOAT ASSOCIATION'.