<?xml version="1.0" encoding="utf-8"?>
<!-- http://blog.flexexamples.com/2007/08/31/setting-custom-status-messages-in-a-flex-panel-container/ -->
<mx:Application xmlns:mx="http://www.adobe.com/2006/mxml"
        layout="vertical"
        verticalAlign="middle"
        backgroundColor="white" viewSourceURL="srcview/index.html">

    <mx:Style>
        .myStatusStyle {
            fontWeight: bold;
            color: red;
        }
    </mx:Style>

    <mx:String id="lorem">
        <![CDATA[Lorem ipsum dolor sit amet, consectetuer adipiscing elit. In malesuada sapien eu ipsum. Integer id diam in sapien lobortis pulvinar. Donec mauris augue, sodales vel, luctus elementum, convallis eget, sapien. Suspendisse pretium elementum erat. Ut posuere ornare sem. Nam vestibulum luctus mi. Praesent feugiat blandit ante. Fusce vel massa. Praesent diam. Maecenas risus. Aliquam erat volutpat. Vivamus eget velit vel turpis venenatis dictum. Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Nullam mattis nibh. Quisque nec odio.]]>
    </mx:String>

    <mx:Panel id="panel"
            title="WARNING"
            status="I'm a custom status message!"
            statusStyleName="myStatusStyle"
            width="320">
        <mx:Text text="{lorem}" width="100%" />
    </mx:Panel>

</mx:Application>