xcode invisible button with text - ios

Question

I know I could do this:
UIButton *button = [UIButton buttonWithType:UIButtonTypeRoundedRect];
button.frame = CGRectMake(x, y, width, height);
[button setTitle:text forState:UIControlStateNormal];
[button addTarget:self action:#selector(buttonPressed:) forControlEvents:UIControlEventTouchUpInside];
button.backgroundColor = [UIColor clearColor];
but that leaves a border around the button.
I could also do this:
UIButton *button = [UIButton buttonWithType:UIButtonTypeCustom];
button.frame = CGRectMake(x, y, width, height);
[button setTitle:text forState:UIControlStateNormal];
[button addTarget:self action:#selector(buttonPressed:) forControlEvents:UIControlEventTouchUpInside];
then put a UILabel behind the button.
Is there a way to accomplish this ^ without needing two objects?
UPDATE:
To clarify my question:
I want the have text, only text, that when pressed performs a method call. For reasons that are complicated to explain I need to do this by way of a button. So, how do I make the text of a button the only visible part of the button. No border. No background. Just text.

Answer 1

UIButton *btnLikeUserCount = [[[UIButton alloc] init] autorelease];
[btnLikeUserCount.titleLabel setFont:[UIFont boldSystemFontOfSize:12]];
btnLikeUserCount.frame = CGRectMake(posx,posy,width,height);
[btnLikeUserCount setTitle:text forState:UIControlStateNormal];
[btnLikeUserCount setTitleColor:[UIColor colorWithRed:50/255.0 green:79/255.0 blue:133/255.0 alpha:1.0] forState:UIControlStateNormal];
[btnLikeUserCount addTarget:self action:#selector(btnLikeUserCountClick:) forControlEvents:UIControlEventTouchUpInside];
no need to take label object.

Answer 2

I can't get what you want exactly but you might be missed [self.view addSubview:button] in your code. so you can not display button with text.
UIButton *button = [UIButton buttonWithType:UIButtonTypeCustom];
button.frame = CGRectMake(x, y, width, height);
[button setTitle:text forState:UIControlStateNormal];
[button addTarget:self action:#selector(buttonPressed:) forControlEvents:UIControlEventTouchUpInside];
[self.view addSubview:button];

Answer 3

Your second code is working fine. In the below image hello is a button.
My code is:
UIButton *button = [UIButton buttonWithType:UIButtonTypeCustom];
button.frame = CGRectMake(110, 100, 100, 50);
[button setTitle:#"Hello" forState:UIControlStateNormal];
[button addTarget:self action:#selector(buttonPressed) forControlEvents:UIControlEventTouchUpInside];
[self.view addSubview:button];

Answer 4

in this way u can do this
UIButton *button = [UIButton buttonWithType:UIButtonTypeCustom];
button.frame = CGRectMake(100, 400, 100, 50);
[button setTitle:#"Button text" forState:UIControlStateNormal];
[button addTarget:self action:#selector(buttonPressed:) forControlEvents:UIControlEventTouchUpInside];
[button.layer setBorderColor: [UIColor clearColor]];
[button.layer setBorderWidth: 0.0];
[self.view addSubview:button];