wine users - Jul 2011 - libpng not found error message when libpng installed

I am currently running the most current archlinux and i made sure to update it
before installing wine so i wouldn't have any issues. I am fairly new to
linux and could be doing something wrong that is very obvious but if so I
haven't found the awnser in the reading I have been doing. I update my
system, install wine and wine_gecko packages with pacman and then go to run a
.exe file but when i run it i get this message repeatedly.

fixme:ole:CoCreateInstance no instance created for interface
{00000103-a8f2-4877-ba0a-fd2b6645fb94} of class
{27949969-876a-41d7-9447-568f6a35a4dc}, hres is 0x80004005
err:menubuilder:convert_to_native_icon error 0x80004005 creating bitmap encoder
err:wincodecs:PngEncoder_CreateInstance Failed writing PNG because unable to
find libpng14.so.14

The thing is I know I have that installed. I checked. I don't know what is
wrong. Please help.

Did you make sure that both Wine and LibPNG were compiled for the same
architecture (Wine works best as a 32-bit program atm)?

How do you do that?