Sony Vegas, or if the clips are small enough, outsource it. Mpegs are usually small enough to zip up and email, have someone throw the watermark on for ya and send them back. I do that for alot of people. Only costs like 5 bucks a clip for a custom watermark to be put on.
If you have premiere (forgive me for not being exact, I haven't touched the program in months) but you can add a layer on top of the video, compress it to a corner, and make it semi transparent. You can have an image just be still there.
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