Grommeted, with 6 rings included with the board. The Watermark will appear semi-transparent on the board. (If you select the Dept. Logo and Phone # option, we will need your Hi-Resolution LOGO File, Jpeg format preferred. An IMS Alliance Representative will contact you after your order is placed) *A Velcro version to the board is available upon request. **A select few of our standard boards are available in this version, please contact us for details.