Yes, Any Video Converter can compress most types of videos. Any Video Converter supports iPod, iPhone, Zune, PSP and other Portable Media Players (PMPs) and cell phones. Besides the output formats dedicated for iPod, iPhone, Zune, PSP and cell phones, Any Video Converter supports customizing WMV, AVI and 3GP formats. The file size of your output video will be according to the options that you choose for conversion. The most important of these options is the codec that you use for your video as the compression ratio of the MPEG encoder can go up to 200:1. More information about format types and compression can be found on AVC's website:
http://www.any-video-converter.com/knowledge.php