Settings file used by Squeeze, a video transcoding application; saves preset values for performing a video conversion; often used for sharing presets with others through the Sorenson Media Presets Exchange website. Presets enable users to save settings for common conversions. For example, a preset may include the parameters necessary to convert any imported video to a format suitable for YouTube, an iPhone, a PlayStation 3, or an Xbox 360. SPFX presets can be imported by selecting Preset → Import... from the Squeeze application menu. Presets can be exported by choosing Preset → Export. The files are saved using XML formatting, so you can view them in any text editor. NOTE: You can go directly to the Sorenson Media Presets Exchange website by choosing Preset → Get More Presets from the Squeeze application menu.