UILabel *label = [[UILabel alloc] initWithFrame:CGRectMake(10, 10, 50, 70)];

label.numberOfLines = 2;

label.text = @"text";

label.backgroundColor = [UIColor clearColor];

label.textColor = [UIColor whiteColor];

label.highlightedTextColor = [UIColor blackColor];

label.textAlignment = UITextAlignmentLeft;

label.font = [UIFont systemFontOfSize:12];

//rotate label in 45 degrees

label.transform = CGAffineTransformMakeRotation( M_PI/4 );

[self addSubview:label];

[label release];