For an outline change:
Code:
statusText:SetFont("Fonts\\ARIALN.TTF", 16)
to
Code:
statusText:SetFont("Fonts\\ARIALN.TTF", 16, "OUTLINE")
For shadow just add these lines after the SetFont and SetTextColor calls:
Code:
statusText:SetShadowColor(0, 0, 0, 0.5)
statusText:SetShadowOffset(1, -1)
I'd only use an outline or shadow but not both so pick the one you think looks best.