TwitVid.com announced the release of TwitVid, the company’s video sharing application for Apple’s iPhone 3GS handset.

What’s cool about this app? TwitVid allows you to share videos that you have created on your iPhone 3GS with your friends and contacts on Twitter. The application also works with Facebook, MySpace and YouTube! The best part about this - It has an “AutoShare” feature!!

To use it, simply open the TwitVid app, select or record a video and insert a Tweet, then click Post and let your video upload. You can then begin to watch it even before the uploading process is complete.

Check it out!