Hi Mark
After switching back and forth between design 1 and 2 :

a. I would go for version 2, because in some way more pleasing to read
b the whole screen is easily seen
c maybe less white spaces as suggested by MG
d the letters in the gray " quadrangle " on the bottom could be more
" readable" by matching those at the top " quadrangle "
Overall, it looks very professional to me just from a consumers view.
Concluding the vote of the Portugal " jury ",I wish you lots of succes with the ( our ) new website.
Regards
Djim