Competition i have found for my band to take part in

I have been searching the interent trying to find a successful way for my Band (Crystal Blaque) to become more popular and recognised and i have came across a competition called "Live and Unsigned".

Here is a bit about the competition-

The competition gives you plenty of opportunities and provides the chance to perform live in front of some of the country's top producers, Label execs, promoters and DJs. If you make it through the auditions you will compete at the Live Showcase finals with a chance of making it to the National Grand Final and the Live and Unsigned Festival.
Over £100,000 in prizes are up for grabs along the way with the winner offered a comprehensive winners package which includes; festival slots (Including representing the UK at the biggest festival in Asia I rock), UK tour exposing their music to over 40,000 people and a recording contract with Future Music, with up to £50,000 investment!

 

AUDITIONS

Auditions are held all over the UK where you will perform, in front of our prestigious judging panel, a live piece. Should you be successful at the auditions you will be put through to the Live and Unsigned showcase Regional finals and be invited to perform on the main stage.

 

THE SHOWCASE REGIONAL FINALS!

Those successful at auditions will be given a place in the Live and Unsigned showcase Regional finals which will be at the most prestigious venues throughout the UK. The regional final will also include all the best unsigned acts in your region in a showcase to Judges from National Radio, Kerrang, BBC Introducing, Regional Press & record labels as well as the general public.
You will be battling for a place in the National Grand Final and the Live and Unsigned Festival at the O2.

 

THE WINNERS

You could be performing live on stage in a bid to become the UK's best Live and Unsigned act at the National Grand Final at the The Live and Unsigned Festival at the O2 in London!
You could win festival slots, tour dates, recording time and equipment...and much more!
The winners will be thrust into the media spotlight! TV, Radio, Print ... this is your chance to get your music heard!
The Festival showcases the best of the UK's unsigned talent in front of a capacity crowd and industry judges plus National press, A&R, and industry representatives will be there.

I think my band should take this competition into consideration as it will benefit them in a number of ways. The Audition is in London to so wont be far from them to travel. They will have record labels watching them aswell so this will give them a larger chance of becoming recognised and signed.

Here is a link to the website-
http://www.liveandunsigned.uk.com/competition