Heres an implementation of this I've used to pick out special replace strings from content and localize them.
protected string FindAndTranslateIn(string content)
{
return Regex.Replace(content, @"\{\^(.+?);(.+?)?}", new MatchEvaluator(TranslateHandler), RegexOptions.IgnoreCase);
}
public string TranslateHandler(Match m)
{
if (m.Success)
{
string key = m.Groups[1].Value;
key = FindAndTranslateIn(key);
string def = string.Empty;
if (m.Groups.Count > 2)
{
def = m.Groups[2].Value;
if(def.Length > 1)
{
def = FindAndTranslateIn(def);
}
}
if (group == null)
{
return Translate(key, def);
}
else
{
return Translate(key, group, def);
}
}
return string.Empty;
}
From the match evaluator delegate you return everything you want replaced, so where I have returns you would have bold tags and an encode call, mine also supports recursion, so a little over complicated for your needs, but you can just pare down the example for your needs.
This is equivalent to doing an iteration over the collection of matches and doing parts of the replace methods job. It just saves you some code, and you get to use a fancy shmancy delegate.