Related software: HD Video Converter Factory Pro, Free HD Video Converter Factory and WonderFox DVD Video Converter
A: Yes, there is.
Add a video to the software > Change video/audio parameters as you need > Click "Save as" > Name the profile > Click "Ok" at the bottom
Next time, you can find it under the "Custom" tab in the format-selection panel (DVD Video Converter has a slightly different interface but the steps are the same).
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