Yes and Yes.
VB Code:
Private Sub Command1_Click()
Picture1.ScaleMode = vbPixels
Picture1.Height = 150
Picture1.Width = 250
Picture1.AutoRedraw = True
Picture1.Print "Hello and Hi"
Picture1.Print
Picture1.Print "Print this paragraph onto a PicBox and save"
Picture1.Print "it as a Bitmap image. This way, the text in this"
Picture1.Print "paragraph is not available for editing, except maybe"
Picture1.Print "with some sort of OCR"
Picture1.Print
Picture1.Print "Such images can could also be used for overlaying"
Picture1.Print "whatever that may be!"
Call SavePicture(Picture1.Image, App.Path & "\test.bmp")
Shell "mspaint.exe" & Chr$(32) & App.Path & "\test.bmp", vbMaximizedFocus
End Sub
HTH