Vericorder has updated 1st Video, it’s prosumer iPhone video editor.

New features include faster processing, new save options, video uploads to YouTube, new format options, audio export to iPhone ringtones and SoundCloud support.

Details below.

Here’s what’s new:

• Fixed cause of crash after iOS 4 upgrade
• WiFi Sharing now include ability to upload compatible Audio, Pictures and Movie files into the App library for use in the Editor
• Audio Recorder now supports Markers to help find key segments faster in the Editor
• Monitor audio recordings live with your headphones
• Sequencer function added to editor to allow faster re-ordering and re-arranging of audio clips and video segments
• Added Background Task Manager to monitor and manage priority of background processing tasks
• Faster processing of imported or recorded videos to make them ready for the Editor
• Disabled Sleep mode while making Recordings or Rendering edited projects
• Save Video in Large (640×480) or Medium (480×360) resolution
• Send video files to YouTube
• Compress and email audio in Mpeg-4 (M4A/AAC) format
• Email 30 sec clips from your audio files as iPhone ringtones
• Send audio files to SoundCloud