I have used 2 techniques to do this and both have distorted too much. Image uses pull curve but as you see the label is squished. I also tried project curve but it did keep the circle shape. I want to wrap the circle around the bottle to look like a label. Thanks for the time.
CreateUVCrv is a command - run it on the target surface, ignore the second prompt, prompt for curves. This will generate a UV rectangle in the world XY plane.