Ok I got it,
By default OSX Mountain Lion 10.8.3 hides the Library Folder in users/username/ folder. What you need to do is unhide by launching Applications/Utilities/Terminal and pasting this chflags nohidden /Users/[username]/Library/ replace [username] with your computer username before pasting.
Once you execute the script you will see the Library folder and be able to place the profiles there, and it will work.