Error messages regarding class.FastTemplate.php using newer version of PHP

[Deprecated: Function ereg_replace() is deprecated in /public_html/include/class.FastTemplate.php on line 195]

Do you have a fix for servers working with current versions of PHP?  I am no longer able to run Pro Arcade Script because many of the functions are deprecated.

Example: Deprecated: Function ereg_replace() is deprecated in /public_html/include/class.FastTemplate.php on line 195

There are literally hundreds and hundreds of lines of very similar error messages shown instead of my content.

All of the problems seem to originate from class.FastTemplate.php

I really hope that someone can provide a fix for this so I can continue using Pro Arcade Script.

Thank you sincerely for any help you can provide.

Use preg_replace instead