Are there any Mac-friendly typography software for designing text

I used to do this in PhotoShop 4, but this program is no longer compatible with the iMac. I'm too low-ended to use Adobe Photo Elements. Hence, trying to find a program that one can design their text as 'titles' headlines on display boards, PPT presentations and iWeb. The text then can be saved either as PDF or JPEG thereby avoiding font subsitution when placed in other people's documents especially in iWeb. I have PrintShop for the Mac, but I find there is not enough scope for designing text titles.
Thanks!

There is a free "lite" version of Art Text 2 available in the Mac App Store.

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