Ok Rick I did that and it worked, kinda..when I clicked on it in After Effects Adobe Bridge recognized it but this window popped up.Image may be NSFW.
Clik here to view.
I was testing the preset on the word "HELLO"...The result I got was just the word "HELLO" doing a downward Z rotation from its anchor point on the bottom left corner.
But anyway do you have answers for any of my other questions from my previous post?