1) Grab your image. I give my image credit to nan021000, I snagged mine off Deviant Art.
Now crop your image to 100x100 and prepare your base. (I didn't do anything.)
Result:
2) Make a new Levels Adjustment Layer (Layer -- New Adjustment Layer -- Levls) and enter these (or similar) settings
RGB
24, 1.28, 231
Result:
3) Now make a new Selective Coloring Adjustment Layer (Layer -- New Adjustment Layer -- Selective Coloring), and enter these (or similar) settings:
Reds
Cyan: -27
Magenta: 5
Yellow: 9
Black: 1
Yellows
Cyan: 100
Magenta: 54
Yellow: -24
Black: -2
Greens
Cyan: 100
Magenta: -55
Yellow: -100
Black: 29
Cyans
Cyan: 8
Magenta: 1
Yellow: -34
Black: 4
Blues
Cyan: 1
Magenta: 4
Yellow: 1
Black: 1
Whites
Cyan: 100
Magenta: -80
Yellow: -27
Black: -52
Neutrals
Cyan: 55
Magenta: 40
Yellow: -2
Black: -12
Blacks
Cyan: 100
Magenta: 23
Yellow: 9
Black: 100
Result:
4) Add whatever text you want, and your done!
Result: