How can you have a company name of 3 letters which are not an acronym for anything? It should NEVER have been made it to a short list - never mind the final selection!
What's the first thing anybody is going to say... "so, what does that mean?". I'll tell you what it means... NOTHING! It was a 3 letter .com address they could get their hands on. It means nothing.
Also, the logo looks like a pair of glasses from my clipart collection. Did an intern design this? Maybe they did a Photoshop course and were proud of it. Ridiculous.