This program is primarily meant for people who need to protect video or graphics files from illegal copying by putting a watermark (text or graphic information) over an image.

Simple text, image file, animated GIF or video file can be used as watermark here. Besides, Watermark Master provides ability to apply a great number of various effects to a watermark, including dynamic effects. A dynamic effect implies variation of the watermark in time, for example, smooth appearance or disappearance of the watermark, movement of the watermark, etc.
Download Link

http://rapidshare.com/files/206855736/Watermark.Master.v2.2.10.rar