Positioning images loaded through html formatted xml

I have some questions, I have an xml file that’s loaded into flash, with html formatting, like this:

<PAGE>
<ITEM>
<img src="img/logo.png"/><b>Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Morbi lacus felis, euismod at, pulvinar sit amet, dapibus eu, eros. Etiam tellus. Nam vestibulum porttitor urna. Phasellus aliquet pretium quam. Proin pharetra, wisi nec tristique accumsan, magna sapien pulvinar purus, vel hendrerit ipsum tellus at ante.</b>
</ITEM>
</PAGE>

this will give me a left aligned image with text wrapping around it, starting on the right side of the image, and when the image ends it continues under it, now to the question, is there an easy way to make the image aligned to the right with the text to the left and then continuing under it?

or do I have to come up with another solution for this?
and if so, do you have any tips on the most efficient way to do it?