Importing format information with song lyrics

I'd like to import OpenLP (Open Lyrics) xml files with formatting tags. I did a test with Presenter, and it seems to have just dropped any content wrapped in a tag. In the example Open Lyrics file below, the "Amen." was not imported. Are any formatting tags supported on import? If not, can we get support for a few simple formatting tags: bold (or strong), and italics? I can update the XML files as needed if some particular tag is needed to support the simple formatting.

<song xmlns="http://openlyrics.info/namespace/2009/song" version="0.9">
<properties>
<titles>
<title>Collects</title>
</titles>
</properties>
<format>
<tags application="MyHTMLExporter">
<tag name="strong">
<open><![CDATA[<strong>]]></open>
<close><![CDATA[</strong>]]></close>
</tag>
</tags>
</format>
<lyrics>
<verse name="THE FIRST SUNDAY IN ADVENT">
<lines>
Almighty God, ...a prayer... <tag name="strong">Amen.</tag>
</lines>
</verse>
</lyrics>
</song>

As a follow-up, if there is another method to import songs from any kind of text-based format which includes basic formatting then I'd be happy to give that a try.