This paper presents performance comparison of lossless compression technique based on wavelets with progressive transmission capacity. Compressed images are used in various applications, where a large database has to be maintained. To store and retrieve such a large database lossless compression is essential. The performance achieved by this scheme is better than the Set Partitioning in Hierarchical Trees (SPIHT). The work also consists of comparative performances of various lossless and lossy compression techniques with progressive transmission capabilities. Compression ratio of 90 to 95% is achieved by this scheme.