Steve, I tried that, but it had no effect. I clicked on Select Object, then clicked on the "watermark" but nothing happened (I expected some type of change / some indication the object was selected, but it had not effect). Any other ideas?
It sounds like the entire page is an image, in which case you should be able to edit it in Photoshop if you have it, or maybe use the Redaction tool to remove the parts you don't want. If you can post a sample somewhere we will know for sure what you're dealing with.