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If you take out the dots (I had to use them for formatting purposes in the forum), you'll see a before and after.
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¦......¦
¦......¦
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... ____
__¦....¦
¦.......¦
¦.......¦
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However, you can achieve a similar effect using CSS and partially embedding an image behind text. You can also achieve something like this with flash. I'd recommend you not go either route though.
Determine the dimensions of the image. For this example let's say it is 150x100.
Create ImageA using the rectangle from 9,0 to 149,9.
Create ImageB using the rectangle from 0,10 to 149,99.
Then render a table with these rows:
<tr><td></td><td><img src="ImageA" width="140" height="10"/></td></tr>
<tr><td colspan="2"><img src="ImageB" width="150" height="90"/></td></tr>
There are at least 3 quality components for IIS that I know and have used that allow you to dynamically do a 'Picture-in-picture'-style combination of different images, or, if you so desire, inserting a blank space in your image.
You can also easily draw text using any TTF system font with these components.
This will require a hosting environment where you are allowed to install such components, or you will have to find a host who already has such components installed in their packages.