These tools are all scams. The limiting factor on the time it takes to get data to your computer is hardly ever the bandwidth YOU have available (especially if you're on broadband) but rather the speed at which the host sends its data (which these tools can't affect).
And if you're on dialup (unless you're in the stone age and using a 33k6 or slower connection) your data is already compressed as the V56 protocol includes downstream compression (the actual line itself is still at 33k6, but the dialup server at your ISP will compress the data before sending it to you).
And if you install it on your own system, it does nothing at all to reduce bandwidth usage of course.
There's a word for things like this: snake oil.