First of all, it did reduce a 786 kb png image to 267 kb without noticeable loss, which is what it's supposed to do. I would give this a 5 except the process took a minute and a half to complete one image so I can't imagine what a folder full would take, or if the .png images were large.
That said, yep, works great, I just hope the process can be sped up in a future version. I suppose it's possible it can't be sped up which would be a shame. I work with .png more than any other image type so my fingers are crossed.
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