Wrapping text baseline around an ellipse

I need to recreate a local company's logo for them (only have a print copy and need digital) and am stuck on this text... The text is in all caps; connecting the top of each letter creates a flat line; the stems of letters such as B, E, F, H, etc. are all vertical, not skewed; and the bottoms seem to be wrapping around an ellipse. Is there a way I could achieve this in an Adobe product?

I've no doubt you could.

I think thought that i'll have to re-read your post about 50 more times to figure out what you are needing done though

I'm tired right now, i'll check it out later and see if i can help you.

Nevermind... It took me 2 days of playing with text meshes in Illustrator, but I finally figured it out... I'll post images soon so someone can probably create a tutorial of of it. All I have left to do is get the image in the middle up to par.

Here we go:

1. Scanned image.


2. Prepared for text mesh by outlining the part of the image.


3. Typed in "ARCHED TEXT" and made a mesh envelope with 11 columns (one per character) and 2 rows. (Not Shown)

4. Used grips on mesh to overlay its edges on the outline.


5. Made small tweaks using grips to get final image.


Note: This is, in fact, a sample and not the company's logo.

Nicely done in Illustrator, however, Photoshop has a Warp Tool for text that you could have accomplished the same effect in a few moments.

http://www.bellaonline.com/articles/art34092.asp

ATNO/TW, I tried using that in both Photoshop and Illustrator, and no matter what i did the top came out to be arched as well.

I see your point. Regardless, like I said, very nicely done in Illustrator. Took me over a year before I even understood Illustrator enough to do anything like that and I even took 2 classes.