If it was anything else than scraping text from the screen...
... with the emulator you're using, can you change the interface so it is black text on white background?
Yes it is possible to change the colors to white text on a black background, but that still doesn't address the main problems , which are:
1) Text Recognition cannot identify any text since as I stated all the objects are hidden and not visible according to Test Complete's Object Explorer. The color of the text does not matter in this case.
2) The OCR feature is not returning ANY string that represents any part of the 24 row by 80 column application area that I am interested in, no matter what the color composition of this area is.
