Compress QuickTime to MPEG 4

Function: Compresses QuickTime movies to MPEG-4 and places the files into the selected folder.
Author: Center Mid Software
Input: (Anything) QuickTime files
Output: (Anything)

Notes: Configure MPEG-4 compression settings in QuickTime Player before using this action. Warning: Make sure to pass files, not folders, to this action. The Filter Finder Items action, for example, could be used to make sure only QuickTime files are selected.

Update: Adds more flexible QuickTime compression features and is therefore renamed to Compress QuickTime Using Most Recent Settings.