Printing one character that fills a page...

Could be several things:
1) Does your printer support zero margins? Can it print that close to all four edges?
2) Have you tried the same size, but different fonts? Bear in mind that fonts can leave space for descenders on "g", "y" and so forth, so the "bottom" of the character may not be at the bottom of your page.
3) What happens if you use print preview, rather than a printer driver?

BTW: If you are trying to print 00 to 99, one character per page, just concentrate on 0 to 9, and print twenty copies...

"Yes, the printer supports zero margins and I am setting the margins to zero as the object is being created. The easiest way to see what I am seeing is to drop a label control onto a windows form, set the font size to 700 and the margins to zero, set the text to 83...leave all other properties at the default. You will most likely have to stretch the form so that the entire label is displayed. The way the label has shifted the characters to the right and down is what I am seeing. When I print, the bottom portion of the label is being chopped off...when I send the label...sending just straight text renders the same outcome."

So... Looking at it from the POV of the label: what you are trying to do is print a string, consisting of a two character word, in a space which can only hold one of them. The label goes:
"I think I want to move this word to the next line"

"Oops! That doesn't fit either. I'll split it, and move the end bit"

"Bugger! It's on a different page. That part of the word should be on the same page, or it'll bugger up my pagination. I'll move it back."

"Sod it - it doesn't fit there either. I give up - you sort it out"

Don't do it. Try it with single characters. A label with "8". Print. a label with "3". Print. You will find it works better.