Formatting ? Wow, thats really last resort !!!
You've probably done this, but, you'll need to disable the on-board sound in the BIOS as well as deleting all its drivers and associated software.
Also, uninstall the Presonus drivers, run Ccleaner (the Registry tab) to get rid of any orphanned registry strings.
Re-boot and then fresh install your Presonus drivers.
Cheers and good luck,
Jerry