Macware (http://www.macwareinc.com) has released Logo Design Studio Pro in Apple’s Mac App Store. It’s being offered for US$39.99 for a limited time; it’s normally $59.99.

Logo Design Studio Pro is a full-fledged vector illustration and drawing application that allows you to design and use professional business logos and graphics. It comes with over 1,000 pre-designed logo templates, over 2,800 editable vector graphics, over 500 background textures, over 500 taglines and slogans and 15 commercial use fonts.

Other features include: a knife tool to slice graphics on the canvas; an eraser tool to remove parts of graphics, a blend tool to create 3D tunnel effects and unique shapes, a component Library to save and reuse new graphics you create and an object browser that includes special one-click filters.