Read text File from a website into a vb.net win form

I am trying to read a text file into a scrolling label control in a vb.net win form.
The problem is i'm getting   URI not Supported
Code is
Dim fsStream As New FileStream("http://powerzsoftware.com/Nba/Grizzlies.txt", FileMode.Open, FileAccess.Read)
            Dim srReader As New StreamReader(fsStream)

            Try
                srReader.BaseStream.Seek(0, SeekOrigin.Begin)
                While srReader.Peek() > -1
                    Label6.Text = (srReader.ReadLine())
                End While
                srReader.Close()
            Catch ex As IOException
                Label6.Text = (ex.Message)
            End Try