 They support offline file exchange (which involves raw codec bitstreams, packetized bitstreams and the 3GPP/MPEG-4 file format) and virtual streaming over the Internet and include streaming servers, multimedia terminals and content-creation tools in the value chain.The IMTC is structured as an open organization, and is controlled by its Voting Members.The IMTC's Board of Directors, which oversees the management of the corporation and establishes its operating policies, is elected annually by the Voting Members.