I actually got this to work the correct way, sugardevil are you using the correct language file? The one I changed is located at:
/components/com_comprofiler/plugin/language/default_language/default_language.php
and i modified line 154 to look like this (i use the pending approval email):
[code:1]
DEFINE ('_UE_REG_ADMIN_PA_MSG','A new user has registered at [SITEURL] and requires approval.\n'
.'This email contains their details\n\n'
.'Name - [NAME]\n'
.'e-mail - [EMAILADDRESS]\n'
.'Username - [USERNAME]\n'
.'Referred By - [cb_referredby]\n'
.'Company - [cb_company]\n'
.'City - [cb_city]\n'
.'Country - [cb_country]\n\n\n'
.'Please do not respond to this message as it is automatically generated and is for information purposes only\n');
[/code:1]