#1. You can't stay in fullscreen mode in a projector if you launch an application. It's not a bug, it's a security feature. It's so the user can see what you're doing and not trying to hide something.

#2. You can't use paths in the EXEC command, the only thing you're allowed to have in there is a filename. That's it. The EXE you want to launch has to be in the fscommand folder.

If you need to do those things then your only solution is a third party SWF2EXE application. They cost a few bucks but most of them will do what you want.

SWF Studio http://www.northcode.com (my product)
Zinc http://www.multidmedia.com
mProjector http://www.screentime.com
SWFKit http://www.swfkit.com