Hello Dear Sir
Nice contest.
The prize money is good for homepage PSD designing only

Also no payment guarantee means not paid even if work very hard...
please think again about this as this is no fair deal for any designer so how can I work on this??
Thank you

send me a feedback please.......

You do not have to submit if you do not want to. We are getting some great submissions from contestants. One will be chosen. So its not a waste.