How can I convert and compress mkv video files to mp4?

rishi January 23, 2011
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How can I convert any video file to mp4 and achieve a maximum size of 50 to 500 MB? I want to play the files on my LG Optimus One mobile phone.

I can try to convert mkv to mp4, however mkv file size is 769 MB and after mp4 for mobile converting the size is 1.2 GB. Which mobile video converter will compress the file size?

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