If you want to create a new ringtone you only have to import the audio track and choose the start and finish points. Cool Ringtone Maker will do the rest.
Cool RingTone Maker features an audio player that shows on screen the audio waves so you can play the track and choose the start and finish points with no problems and listen to the selected part to decide if it's correct or not.
It supports most popular audio formats so you will not find any problem to import and convert your audio files and have your new ringtones created. It supports MP3, WMA, WAV, AMR, WMV, AVI, MPG, 3GP, MP4, FLAC, OGG, WMV, MOV etc.
The trial version only saves the 50% of the output ringtone.