Hi,
I need to create a customized effect for my fonts which will appear on the HUD. I am using NGUI to implement the UI assets. the Outline provided by NGUI, How do i create a stylized font which can be imported and used in NGUI…Urgent help needed! 
I use bmglyph, it has a bunch of cool features - it can outline, colorize with gradients, and make drop shadows. it also does a good job sorting the glyphs to get the smallest size texture. If you need to, you can always pull the file into photoshop also. It’s only a few bucks on the Mac App store.
1+ for bmglyph