Failing to change font of dynamic text AS3

Hi,
I am attempting to change a font in AS3 so that I can eventually
control it from an xml file. I have exported the font for actionscript
and given it the class Font1. The relevant part of my code is below -
it does not error in this state however the font does not change from
its original state. Any ideas? I am new to actionscript.

The larger code I have lifted from here: http://www.krazydad.com/bestiary/bestiary_xml_ticker.html

            public function getTickerItem(n) 
             { 
                     var myFont:Font = new Font1(); 
                     var myFormat:TextFormat = new TextFormat(); 

                    myFormat.font = myFont; 

                    visible = true; 
                     this.idx = n; 
                     this.tstate = 0; 
                     mc.ticker_txt.embedFonts = true; 
                     mc.ticker_txt.setTextFormat(myFormat); // This is the part of the 

code that should change the font??
mc.ticker_txt.htmlText = tickerItems[n].txt;
setupDebut(tickerItems[n].debut);
}

//UPDATE***//

Oop, UPDATE:

The text mc.ticker_txt was getting it’s format from HTML code in an external XML.

Therefore I embedded a standard HTML font:

[Embed(systemFont=‘Verdana’, fontName=“Verdana”, mimeType=“application/x-font-truetype”)]
public static const FONT_VERDANA:String;

Then got rid of some lines:

    public function getTickerItem(n)
    {
        
        visible = true;
        this.idx = n;
        this.tstate = 0;
        mc.ticker_txt.htmlText = tickerItems[n].txt; //This points to the external xml
        setupDebut(tickerItems[n].debut);
    }

In the XML I added Font Face Verdana:

<tickeritem >[font color="#FF0000" face=“Verdana”]This is the first item in the xml ticker.[/font]</tickeritem>

Hey presto, it now works! The drawback is it takes longer to load and I get a warning:

Warning: the embedded font ‘Verdana’ may shadow a device font of the same name. Use fontName to alias the font to a different name