The application can convert images to JPG, PNG, BMP, GIF, ICO, PCX, PGX, JPC, RAS, TGA, and PDF. And best of all, you can do it all with just one click.
One of its interesting features is the option to extract a single image frame from animated GIF files. This way, you can, for instance, pull out stills you like from an animation.
Mastersoft MultiConverter is quite a comprehensive tool. Use it to convert images to whatever format you need, and even to work with GIF files.