Gandy, had never come across that method. It works up to a point! When the text is pated in, it seems to always stretch to the end of the line. It's then quite difficult to resize. There is also the possibility that the quality of the text might not be so good because it will be printed as a graphic.
bimbim, if the WordArt method isn't to your liking, Buenchico's suggestion is the best - DTP programs were always the best for more complicated layouts (I still use PageMaker). PagePlus is an excellent program.