This document discusses various image compression techniques including SPIHT, SPIHT 3D, and LVL-MMC. It aims to compress color images using these methods in different color spaces to achieve high compression ratios. The document provides background on grayscale images, wavelet transforms, Haar wavelets, and the compression algorithms. It then presents results comparing the techniques based on metrics like PSNR, BPP, CR, and MSE. It concludes that LVL-MMC achieved the best compression ratio compared to SPIHT and SPIHT 3D and future work could extend the methods to multimedia files.