Convert raster image to EPS

As I may have said before, I like to use LaTeX for writing reports for work. Often, these reports include some images. Simple. Take a photo, edit and crop the jpeg, and then convert to Encapsulated Postscript to add to the report.
Now if someone was to ask me how to convert from one format to another, then I would suggest to them ImageMagick and its convert utility. Sure enough, this is what I have been using for some time. The only problem is that the EPS files it creates are huge.
Playing around with the options, and I have managed to get by for some time. Now I have a new answer. sam2p.
This is a great little program that does just what I need. Fantastic!