Watermark is Still Present even after using License Key

Hello,
 
How do I get the watermark to not show up? My company just recently purchased a license key, (Method Media Intelligence) and I'm using the development license. The watermark still shows up and we'd like for it to not show up even in our dev account because we do presentations of new features that are under development to clients and potential clients before they are given access to our production version.
I'm sure its something simple that I missed. Looking forward to your reply,
 
Thanks,
Dan