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Mad Ringtones is a free online tool to create ringtones. To create a ringtone one may use own music, music on the web or just download ringtones from the directory of the site. Created ringtones are listed within that directory, which makes the site a promotion tool for musicians, too.
Similar services are available at online [...]

Myxer is a mobile content portal for ringtones, games and entertainment. By the tab Make your own there is a ringtone generator available to create own ringtones by file upload.
Similar services are available at online music tools