From Art Age Software:
epsConverter is an award-winning Macintosh application that can read any valid EPS or level 1 PostScript file and convert it into an Adobe Illustrator file, suitable for editing with Adobe Illustrator, or with any application that can import Illustrator files. epsConverter preserves the vector EPS information, including high resolution curves, which allows for smooth scaling (zooming in and out), and a very high degree of editing with popular PostScript illustration packages, such as Adobe Illustrator and Macromedia FreeHand.
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