One of my stories just made the first "Honorable Mention" list on the Writers of the Future contest.

This is the first time I've submitted to WOTF.  Am I correct in believing that receiving "Honorable Mention" means that I'm not going to be selected as a finalist or semi-finalist?    I ask because I'd like to send the story out to magazines if WOTF is done with me.

Don't forget to vote, everybody.