Logo/company name redesign

I already have a logo for my website and also the print media, however I would like to use the same logo and redesign it to fit in 119 by 60 pixils( for a banner advertisement) , however when I reduce the current image ( of logo and company name) I have it becomes unreadable at that size. No change in clolur or shape of logo expected. Looking to fit the same logo and company name ( in 119 by 60 pixils) for web and print media. This work is urgent and I need it immediately, I would require creative samples using exiting company name and logo either using acronym of comapany name and logo etc . One a design is approved I would require an eps ,jpeg, tiff formats for web and print media . please bid if you have couple of hours to this Monday/Tuesday . payment will be made once the work is completed and delivered to my satisfaction. Regards Anju