laravel 4 on PHP 5.3.2-1ubuntu4.22 error

im trying to install laravel 4 on the server , i installed composer although i was asked to upgrade my php version

Some settings on your machine may cause stability issues with Composer.
If you encounter issues, try to change the following:

Your PHP (5.3.2-1ubuntu4.22) is quite old, upgrading to PHP 5.3.4 or higher is recommended                                                                              .
Composer works with 5.3.2+ for most people, but there might be edge case issues.

Downloading...

Composer successfully installed to: /home/lofaif/public/goodssip.com/composer.phar
Use it: php composer.phar

after that i run

php composer create-project laravel/laravel --prefer-dist

in my public folder and it didnt install any packages , w/msg :

Installing laravel/laravel (v4.1.18)
  - Installing laravel/laravel (v4.1.18)
    Downloading: 100%

Created project in /home/lofaif/public/goodssip.com/laravel
Loading composer repositories with package information
Installing dependencies (including require-dev)
Your requirements could not be resolved to an installable set of packages.

  Problem 1
    - laravel/framework v4.1.0 requires classpreloader/classpreloader 1.0.* -> satisfiable                                                                               by classpreloader/classpreloader[1.0.0, 1.0.1].
    - laravel/framework v4.1.1 requires classpreloader/classpreloader 1.0.* -> satisfiable                                                                               by classpreloader/classpreloader[1.0.0, 1.0.1].
    - laravel/framework v4.1.10 requires classpreloader/classpreloader 1.0.* -> satisfiabl                                                                              e by classpreloader/classpreloader[1.0.0, 1.0.1].
    - laravel/framework v4.1.11 requires classpreloader/classpreloader 1.0.* -> satisfiabl                                                                              e by classpreloader/classpreloader[1.0.0, 1.0.1].
    - laravel/framework v4.1.12 requires classpreloader/classpreloader 1.0.* -> satisfiabl                                                                              e by classpreloader/classpreloader[1.0.0, 1.0.1].
    - laravel/framework v4.1.13 requires classpreloader/classpreloader 1.0.* -> satisfiabl                                                                              e by classpreloader/classpreloader[1.0.0, 1.0.1].
    - laravel/framework v4.1.14 requires classpreloader/classpreloader 1.0.* -> satisfiabl                                                                              e by classpreloader/classpreloader[1.0.0, 1.0.1].
    - laravel/framework v4.1.15 requires classpreloader/classpreloader 1.0.* -> satisfiabl                                                                              e by classpreloader/classpreloader[1.0.0, 1.0.1].
    - laravel/framework v4.1.16 requires classpreloader/classpreloader 1.0.* -> satisfiabl                                                                              e by classpreloader/classpreloader[1.0.0, 1.0.1].
    - laravel/framework v4.1.17 requires classpreloader/classpreloader 1.0.* -> satisfiabl                                                                              e by classpreloader/classpreloader[1.0.0, 1.0.1].
    - laravel/framework v4.1.18 requires classpreloader/classpreloader 1.0.* -> satisfiabl                                                                              e by classpreloader/classpreloader[1.0.0, 1.0.1].
    - laravel/framework v4.1.19 requires classpreloader/classpreloader 1.0.* -> satisfiabl                                                                              e by classpreloader/classpreloader[1.0.0, 1.0.1].
    - laravel/framework v4.1.2 requires classpreloader/classpreloader 1.0.* -> satisfiable                                                                               by classpreloader/classpreloader[1.0.0, 1.0.1].
    - laravel/framework v4.1.20 requires classpreloader/classpreloader 1.0.* -> satisfiabl                                                                              e by classpreloader/classpreloader[1.0.0, 1.0.1].
    - laravel/framework v4.1.21 requires classpreloader/classpreloader 1.0.* -> satisfiabl                                                                              e by classpreloader/classpreloader[1.0.0, 1.0.1].
    - laravel/framework v4.1.22 requires classpreloader/classpreloader 1.0.* -> satisfiabl                                                                              e by classpreloader/classpreloader[1.0.0, 1.0.1].
    - laravel/framework v4.1.3 requires classpreloader/classpreloader 1.0.* -> satisfiable                                                                               by classpreloader/classpreloader[1.0.0, 1.0.1].
    - laravel/framework v4.1.4 requires classpreloader/classpreloader 1.0.* -> satisfiable                                                                               by classpreloader/classpreloader[1.0.0, 1.0.1].
    - laravel/framework v4.1.5 requires classpreloader/classpreloader 1.0.* -> satisfiable                                                                               by classpreloader/classpreloader[1.0.0, 1.0.1].
    - laravel/framework v4.1.6 requires classpreloader/classpreloader 1.0.* -> satisfiable                                                                               by classpreloader/classpreloader[1.0.0, 1.0.1].
    - laravel/framework v4.1.7 requires classpreloader/classpreloader 1.0.* -> satisfiable                                                                               by classpreloader/classpreloader[1.0.0, 1.0.1].
    - laravel/framework v4.1.8 requires classpreloader/classpreloader 1.0.* -> satisfiable                                                                               by classpreloader/classpreloader[1.0.0, 1.0.1].
    - laravel/framework v4.1.9 requires classpreloader/classpreloader 1.0.* -> satisfiable                                                                               by classpreloader/classpreloader[1.0.0, 1.0.1].
    - classpreloader/classpreloader 1.0.1 requires php >=5.3.3 -> no matching package foun                                                                              d.
    - classpreloader/classpreloader 1.0.0 requires php >=5.3.3 -> no matching package foun                                                                              d.
    - Installation request for laravel/framework 4.1.* -> satisfiable by laravel/framework                                                                              [v4.1.0, v4.1.1, v4.1.10, v4.1.11, v4.1.12, v4.1.13, v4.1.14, v4.1.15, v4.1.16, v4.1.17, v                                                                              4.1.18, v4.1.19, v4.1.2, v4.1.20, v4.1.21, v4.1.22, v4.1.3, v4.1.4, v4.1.5, v4.1.6, v4.1.7                                                                              , v4.1.8, v4.1.9].

Potential causes:
 - A typo in the package name
 - The package is not available in a stable-enough version according to your minimum-stabi                                                                              lity setting
   see <https: groups.google.com="" d="" topic="" composer-dev="" _g3aseiflrc="" discussion="">for more de                                                                              tails.

Read <http: getcomposer.org="" doc="" articles="" troubleshooting.md="">for further common problems.</http:></https:> 

im new to linode i dont know what to do exactly to fix this !! please help !