Skin not working?

okay so just to try and skin, i made something really basic just adding text on the side of a car.
But i selected skin1 under context menu and this happends:

As you can see, nothing happends.
It’s not using the custom skin i posted.

Heres picture of the VMT file

And heres one of VTF file

And heres a picture from the photoshop file which i imported into vtfedit to create the vtf, vmt file.

picture of skin file in the materials/models/tdmcars/chargersrt8

Anything wrong? Or did i do anything wrong? Please help.

[editline]21st April 2015[/editline]


Got it working =)