Adobe Illustrator CS2 introduced a new tracing tool entitled Live Trace, which provides fast tracing, fine control, as well as a "live link" to the bitmap being traced. StreamLine was subsequently discontinued.
This Software is very helpful for Graphic Designers. You can separate words from any image file e.g. JPG, GIF, TIF and etc. Not only you can separate the words but also can edit them like if you want to apply outline around those words. Please See the
Video Guide if you want to watch tutorial of this.
Video Guide for Adobe Streamline:
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