yah that text has tarrible kerning (the space between two letters). Like the G is so far away from the O because of it's tail. You can just put your cursor betwen the two letters,go into the character palette in photoshop or illustrator and then find the kearning option, put in a positive # to add space and a negative # to subtract space between the two letters. You may also want to adjust the baseline shift of certain letters (also in the characters palette) to keep some of the letters from running into the tails so bad.