4. now drag your new channel to the new channels icon to create a second new channel. Photoshop will name it alpha 2. On the Illustration it is channel 5. 5. You should now have a black image with white text, and a marquee surrounding the text. For the text image at the top of the page, I used 4. 7.
Wider text needs more black.
Then deselect and click on RGB to return to the composite channel. 8.Click on the layers tab. Create a new layer by clicking on the new layer icon at the bottom of the layers pallet. Choose a color, texture, gradient, whatever to fill this layer with and fill it all. Try the settings in the illustration below, or tweak them until the effect suits you.