Convert iMovie project to divX

I would like to convert iMovie projects to divX format. I have a DVD player which accepts the tiny USB flash/zip/thumb drives but will only play video in divX. I wanted to transfer the converted iMovie project to the little drive for a quick look at the iMovie project on TV before burning to DVD disc using either Toast 8 or iDVD. I do have mpeg streamclip with the component but have searched the forums and support and cannot find anything relevent.