Non selectable transparent textfield with embedded font

Some of the V2 Flash Components are less than intuitive now and then. While working on the new trophy tour for Heineken we had to create an application with a transparent textarea with non selectable non editable text using a non standard (embedded) font with Spanish characters.

Oh and the text had to be rendered smoothy using advanced anti-aliasing.

This leaves you with different options. Although I was tempted to simply use a standard textfield, this should be easy to implement using a TextArea component as well, right? As a reference for our own and your convenience, here is a step by step approach.
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