(Sorry not at a proper computer at the moment.) Could you try downloading a fresh copy of the editor, make sure there is no space in the path?
Regarding the profile, you should be able to use either a developer or distribution profile. You need to make sure you use the correct profile for the provisioning file.
If you run into the problem with the binary not being executable you should be able to do something like this in the terminal;
chmod +x "<app name>.app/<app name>"