Nops… you can use the xCode to sync with your provisioning profiles or (what sometimes is easier), just download the profile from the App Developer Page and double-click it to install on your MAC. Then, just restart Corona and it should appear there as one of the options.
Wow, dont I feel silly now. Thanks Renato!
Now, when I tried to upload it to the app store it says the app “is not signed using an Apple submission certificate.” Shouldn’t the distribution certificate/profile sign it?