Bast tool what I have used for compress and uncompress - 7-Zip

You can compress and uncompress for free and using tiny free portable tool

This tool provided as a free tool   

You can run this is as a portable tool 

The size is almost 2MB

7-Zip is a file archiver for Windows 95/98/ME/NT/2000/2003/2008/XP/Vista/7

These are the main features of 7-Zip as http://www.7-zip.org/ says. You can read more about 7-Zip following that link

•     High compression ratio in 7z format with LZMA and LZMA2 compression
•     Supported formats:
•         Packing / unpacking: 
• 7z, XZ, BZIP2, GZIP, TAR, ZIP and WIM
•         Unpacking only: 
• ARJ, CAB, CHM, CPIO, CramFS, DEB, DMG, FAT, HFS, ISO, LZH, LZMA, MBR, MSI, NSIS, NTFS, RAR, RPM, SquashFS, UDF, VHD, WIM, XAR and Z.
•     For ZIP and GZIP formats, 
• 7-Zip provides a compression ratio that is 2-10 % better than the ratio  provided by PKZip and WinZip
•     Strong AES-256 encryption in 7z and ZIP formats
•     Self-extracting capability for 7z format
•     Integration with Windows Shell
•     Powerful File Manager
•     Powerful command line version
•     Plugin for FAR Manager
•     Localizations for 79 languages

You can download, extract, then use
Click here to Download Portable 7-Zip

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