Public Class RedTextRenderer
    Inherits System.Windows.Forms.ToolStripRenderer
    Protected Overrides Sub OnRenderItemText(ByVal e As _
        ToolStripItemTextRenderEventArgs) 
        e.TextColor = Color.Red
        e.TextFont = New Font("Helvetica", 7, FontStyle.Bold)
        MyBase.OnRenderItemText(e)
    End Sub
End Class

public class RedTextRenderer : _
    System.Windows.Forms.ToolStripRenderer
{
    protected override void _
        OnRenderItemText(ToolStripItemTextRenderEventArgs e)
    {
        e.TextColor = Color.Red;
        e.TextFont = new Font("Helvetica", 7, FontStyle.Bold);
       base.OnRenderItemText(e);
    }
}

toolStrip1.Renderer = New RedTextRenderer()

toolStrip1.Renderer = new RedTextRenderer();

toolStrip1.RenderMode = ToolStripRenderMode.ManagerRenderMode
ToolStripManager.Renderer = New RedTextRenderer()

toolStrip1.RenderMode = ToolStripRenderMode.ManagerRenderMode;
ToolStripManager.Renderer = new RedTextRenderer();