Thanks for the effort rwiggum, but that doesn't really help me...all you did was switch the solid black background for a solid white background which leaves the problem unresolved. What I need is no background behind the logo.
I'll give my problem again. Someone who has photoshop please do me a favour and remove the background around this logo so that it can be interlaced overtop other layers without the background seen here appearing. The most I could do is reduce the background to white, but it would still be a rectangle shaped scan with a completely white, ugly background. Sorry if I'm a little vauge on my choice of words, I'm not really sure how to explain it...I hope you guys understand. Also make sure to clean out the area between the k and m which rwiggum left black.
Thanks a lot everyone.