Engelmann freeTunes 3 allows you to convert CDs, DVDs, music- and video files legally into more compatible formats. The software offers an easy to use interface and can convert audios as MP3, AAC, OGG, WMA and WAV formats. Please note that DRM files require a valid licence to be converted! It also allows you to make M4R ringtones for the iPhone. The software uses minimal resources during the conversion. It has an user-friendly interface.
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Engelmann freeTunes 3 costs 24.99 USD.