And you can add a transparent background to you png image by change the
<?php
if ($ignore_transparent == 0) {
imagefill($destimg, 0, 0, imagecolorallocatealpha($destimg, 255,255, 255, 127));
imagesavealpha($destimg, true);
}
?>
to
<?php
if ($ignore_transparent == 0) {
$temp = imagecolorallocatealpha($destimg, 255,255, 255, 127);
imagefill($destimg, 0, 0, $temp);
//if set the default color or white or magic pink then use transparent color
if ( ($bgcolor == 0) || ($bgcolor == 16777215) || ($bgcolor == 16711935) ) {
$bgcolor = $temp;
}
imagesavealpha($destimg, true);
}
?>