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The thing is, it opens a browser, then shows the Qtime symbol, and takes ages to load. I understand the quality thing, compressing file also means compressing quality... 
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Right-click on any .png file you have on your hard drive, then click 'Open with...' Choose the program from the list, or browse for one. I recommend using Paint to open 'em, but the choice is up to you. Then tick the box next to 'Always use the selected program to open this file'. Then click OK.
Done.