Hi Manny,
About the font,color and alignment: if they are not available it is a problem. I already had the case where the full version download was faulty and the result was the right property window was not available. If it is the case, please download once again the software from the link you received in your email.
About paragraph, you can create a multi line standard text. This feature is not available for 3D texts.
Paragraphs for 2D texts is available since 1.4.0, more news about that here:
https://www.slide-effect.com/content/version-140-released