If it's just some overlay text then you can actually do it quite easily with MS Word 2010 I find.
I've just opened a blank document and:-
1. Inserted a PDF as an object.
2. Overlaid it with a filled box (insert shape). This to hide what you don't want showing.
3. Overlaid some text, I did it as Word Art but a text box would work as well.
You can manipulate the order of the layers by sending backwards/forwards.



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