So this challenged my patience for sure. Seems like you should be able to use Garageband and save as MP3. I am going to explore that more. I ended up playing the recording I had done during the conversation and capturing it using WireTap Studio (http://www.ambrosiasw.com/utilities/wiretap/). Seems like a cool little program, but the fact that you have to use multiple programs to accomplish the task annoys me. Guess I will record live using WIreTap next time. Lesson Learned!!
Just in cast here are the links to Kevin Honeycutt incase anyone wnat to check them out.