I posted something recently about the same thing. I have 1.03, and also was getting couldn't init font message regularly. It basically froze up my PC as well as not letting me play the game. I don't have great computer knowledge or skills, random clicking at various points on one of the start up videos got me started once or twice , but the vast majority of attempts to start up failed.
I don't understand also how DXWND works, so didn't attempt to use it.
However I'm now two months into successful playing after stumbling onto a fix. I disconnect from the internet, close down any search pages that are open, and also any other programmes
that might have been left running. At start up with the initial videos playing I double click in one of the frames ( It's the one with the '0's' and '1's' flashing across the screen ) and its worked everytime. I don't know why, and it may well be that clicking on a specific screen isn't necessary, but I'm loathe to change anything that's working so that's the process I'm sticking with. Hope that helps, I know before I chanced upon my fix I was resigned to binning the game but glad to have it back.