Integrating ffmpeg2theora & handbrake

I am very excited about HTML5 video support in this new version! I am running 6.x-4.x-dev and my FFMpeg conversion to FLV is working swimmingly, however whenever I try to run any of the other presets I receive an error that there was a problem with my conversion. In my latest attempt to use the HTML5 Theora(ogv) (ffmpeg2theora) preset my watchdog reported :

"Video conversion failed for preset html5_ogv. FFMPEG reported the following output: sh: ffmpeg2theora: command not found"

I'm pretty sure this is user error, and I think it has to do with the location of the ffmpeg2theora & handbrake files on my server.

I have downloaded the latest versions of ffmpeg2theora & HandbrakeCLI (as per http://drupal.org/node/985768#comment-3773416) and assume that the out of the box presets work with ffmpeg2theora and HandbrakeCLI if they are correctly configured. Currently I have the transcoders in my /bin directory right beside my FFMpeg. I don't see any way to tell the video module where these additional transcoders are located - and the module doesn't seem to be finding them - so where should I put them that Video will find and use them during the encoding process?

I'm sure its so simple I'm just overlooking it, but I've searched the forums and google to no avail, so any help would be greatly appreciated.

Thank you very much.