lol sorry fellas, should have said how i done it!
Although not exactly like above, as Im not keen on the black area.
All I did was:
(using a 800x600 image)
1. Open image
2. Make a Duplicate Layer
3. Select Image > Canvas Size
3. Change Width and Height to 80 Pixels (depending on your image) Also you can select the background colour here too.
4. Right Click on the Layer you made and select Blending options.
5. Tick Drop Shadow and Angle 140 degrees > OK
6. Add Text to bottom corner, done.
Ive now made a Action, similar to what ChroniC has posted, which does as above.
Changes image size to 800x600, adds a border with shadow and added text.