Simple Text in Flex using ActionScript 3

<?xml version="1.0" encoding="utf-8"?>
<s:Application xmlns:fx="http://ns.adobe.com/mxml/2009" 
			   xmlns:s="library://ns.adobe.com/flex/spark" 
			   applicationComplete="init()">

	<fx:Script>
		<![CDATA[
			import mx.controls.Text;
		
			private function init():void 		{			
				//Cretaing a Text in as3
					var simpleTxt:Text = new Text();		
					simpleTxt.horizontalCenter = 0; 		
					simpleTxt.verticalCenter = 0;			
					simpleTxt.text = "Hello World";
					
				//To display the text element
					this.addElement(simpleTxt);
			}
		]]>
	</fx:Script>
</s:Application>