THE [LIVE IN COLOR] should be in black or white font. The image should look like the 1st image, but instead of bottles is should be colored paint cans like the 2nd image. The splash of color should be to one side like the 3rd image. The splash look should be used but the [LIVE IN COLOR] name should be placed in the middle of the logo as the paint splashes on the side and a bit over the top. The font used should be modern and clean. The font we suggest being all in lowercase or caps (uniformed, all same size) the 3 words can be written with our without spaces as long as the words can be identified as 3 separate words.
If you use fonts that require a license, confirm with the client they're ok with it. For licensing reasons, it is better to provide your client with information on how to acquire the font rather than providing the actual files.