CoolText.com is an interesting online tool that can be used to create royalty-free logos from within the browser.
The site offers several template-models to choose from; each template usually gives the ability to select a font face, a font size and a font color to be used during the logo creation process. After selecting the desired options, the logo is rendered online as an image that can be saved for later use, royalty-free.
CoolText enjoys several hundred thousands visitors each month and is ranked in the top 10’000 sites in both Compete and Alexa rankings:
CoolText was created by Bryan Livingston, a small business owner and computer programmer living in Lehi, Utah. In addition to his personal site he maintains the CoolText blog where he occasionally announces new template models supported by the site.