In case you're still looking for a compression tool with support for most archive formats out there, there are a handful of choices that can accommodate your needs and one of the apps that can be included on that list is IZArc.
Offers support for most common formats
The program comes a very simple interface, but the real power relies under the hood. The list of formats it supports is impressive and includes 7-ZIP, ACE, ARJ, CAB, JAR, LHA, PK3, RAR, RPM, TAR, TZ or ZIP to name just a few of the most common ones.
Flexible archiving tools available
IZArc brings to the table a solid set of features like advanced compression, drag and drop support, multi-volume creators, Zip encryption, UnSFX executable creation, file searching directly into archives and even more.
Convert to popular archives
Just as expected, IZArc perfectly integrates into the Windows context menu, so you won't have any problem extracting files from archives on the fly. A nice feature we came across is the archive conversion capability that can turn any less known package into a more familiar ZIP or similar file.
Can struggle with large files
During our test, IZArc worked impressively smooth, although it might seem to have some sort of issues when it comes to dealing with larger archives. It slows down the system a little bit when striving to extract files from archives over 100 MB, but it works just fine with the other ones.
To sum it up
All things considered, IZArc puts up a very good performance and enables users to effortlessly manage any type of archive. Also, the strong feature pack that accompanies this utility certainly helps it make the list of recommendations.