I run several substitution commands as the core of a colorize script for maven.
One of the sed commands uses a regular expression which works find in the shell          
        
You need escape the / after the .
sed -e "s/\([a-zA-Z0-9.\/\\ :-]\+\)/\1/g"
Or if you don't want to worry about escaping, use |
sed -e "s|\([a-zA-Z0-9./\\ :-]\+\)|\1|g"
EDIT:
sed -e "s|WARNING: \([a-zA-Z0-9.-/\\ :]+\)|${warn}WARNING: \1${c_end}|g"
                                                                        If the -r/--regexp-extended option is not provided, then the capturing parentheses must be escaped.
This error is common for parentheses that are not escaped. Escape them and try again.
For example:
/^$/b
:loop
$!{
N
/\n$/!b loop
}
s/\n(.)/\1/g
Should be escaped with backslashes before each parenthesis:
/^$/b
:loop
$!{
N
/\n$/!b loop
}
s/\n\(.\)/\1/g
                                                                        Don't you need to actually capture for that to work? i.e. for variant #2:
-r -e "s/WARNING: (\([a-zA-Z0-9./\\ :-]\+\))/${warn}WARNING: \1${c_end}/g" \
(Note: untested)
Without the -r argument back-references (like \1) won't work.