Your topic was about the sitename, did you solved it as answered above in the language mangager-> select the file Genereal then all the navigation and genereal text their.
Now to your other no clear question about the watermark, this is different question, this is not the site name, The watermark is an image file that works as a stamp on the uploaded user files optionally, meaning if you delete it it will not stamp the users files without any errors. Now to change this stamp to your own, you need to create an image file either watermark.png or watermark.gif, the software will automatically search for the file watermark.png first then search for watermakr.gif in the folder
auction/theme/default/images
The reason we search first for the .png because png files are true colors you can draw these files and save them with their full colors, while the .gif file when you save their colors gets reduced to 256 colors only, however not all servers has the PNG libraries installed. When you upload your images, make sure to upload them in Binary mode if you are using FTP or it will be corrupted and will either not be used or generates errors. Thanks
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