3D spinny logo

[Hemmers]

OK, So I'm basically trying to create a 2-part logo. The first part is the group name (W3. Don't ask!) in the middle. Spinning round and round. That's the easy bit. Which even someone as useless at graphics as me has managed :


The second is the group project title. I want this to be a band of text, spinning in a clockwise manner around the group name.
Can I do this in X3D, or am I going to have to draw the project title in some other software, and import it as an image as it were, and have this image rotate around the name in the centre?

Cheers for any help

Hemmers