Loader & progressbar component question

Hoping someone can help. I’ve set up a straight ahead preloader using the loader and progressbar components following the tutorial here. It works fine but what I’m trying to do now is add some additional text to the preloader that disappears when the main content loads.

I set up a dynamic text box with the text (and even played with putting it in a mc so I could control it that way) but a) I can’t seem to get the text to show up fully (it’s clipped) and b) whether I put this in a movie clip or not, I can’t seem to remove the clip entirely or set the visibility to false after things are loaded (the text just stays after the content.swf loads. I was thinking I could just add a line of script to the pbar component itself but nothing I’ve tried so far has worked.

My AS skills are a bit rusty…is there just something simple I’m missing here? Is this just the nature of using the component? I know I could solve the issue building a standard preloader but wanted to see if this an easy fix.

I’ve temporaily posted a zip of the preloader file here if somone can take a quick look.

Help!

Pete