Ringtone Maker

Ringtone Maker to edit, record and cut MP3 files, and other audio files and save it as ringtone, music, alarm or notification.
Ringtone Maker lets you easily create your own ringtone, music, alarm or notification from your favorite music in your phone and assign it to your contacts
You can even record a live audio and this MP3 editor can edit and trim the best parts from it to be used as ringtone or notication alarm, for FREE. Supports MP3, WAV, AAC, AMR and most other music formats. This app is also a music editor/alarm tone maker/ ringtone cutter and notification tone creator.
You can record a new music or voice with it's record function and create a ringtone from newly recorded file.
Be creative with this wonderful ringtone tool, and create a master piece ringtone that everyone envies.
How to Use:
Choose a song from your list of music library or record sound.
Select a section of it with the cursors moving left or right and more delicate selection by zooming
Play the sample that you created to confirm.
Apply edited mp3 as ringtone, alarm, or notification
Save your creation at "/mnt/sdcard/media/audio
Enjoy!
Disclaimer：
Ringdroid and RingsExtended, SoundRecorder source code are available at Google Code.
http://code.google.com/p/ringdroid/
http://code.google.com/p/apps-for-android/
https://android.googlesource.com/platform/packages/apps/SoundRecorder/
Apache License, Version 2.0
http://www.apache.org/licenses/LICENSE-2.0.html