Transparent label on top of a WebBrowser Control

Hi, Im tryingto have a webbrowser control on my form with a transparent label on top indicating which page (webcam) the users is on. Even when I set the label.backcolor to transparent it still appears as grey. Does anyone know how to do this. I want the text to be over the video as the app will have an option to run full screen.

Thanks in advance if you can help. Using vb.net express 2010