Ok, some things I noticed:
1) Pixelated - That simply will not do. Period.
2) The bottom of the tear needs some work. So does the top really, but the bottom just sticks out. Work on that.
3) Scrap the blue stripe along the sides, that does nothing for you
4) Font - you need a better one. Or hell, maybe this one could work but play around with it some and see if some others could work a little better for you
5) Layout - Looks a little too boring and plain, but don't go overboard in trying to correct it. Not really sure what to tell you here, just use your imagination and Photoshop and see what you can come up with
Good Luck
