Please Wait - Building a WaitScreen control for ASP.NET
Useful article Please Wait - Building a WaitScreen control for ASP.NET has written Daniel Fisher in his blog
He wrote about how to build wait-screen" functionality for long-rendering pages.
Splash screen with a "Loading..." indicator is very popular in web 2 concept so you have a chance to learn how to implement web control with such function. 
Full source code you can download here
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The link is broken to download the code.