AVI Splitter is an easy-to-use tool to extract segments from AVI files.
AVI Splitter allows you to select segments of an AVI file and save them to new AVI files. The program can use to compress or decompress any VFW codec that is installed on your PC, such as MPEG-4 or DivX. The program can quickly extract segments from larger AVI files without recompression.

AVI Splitter is the Shareware version. The full version can be purchased by clicking on the "CLICK HERE TO ORDER" button below for around  19.95USD.