2006 Press Releases

Workstream Named As Deloitte Finalist for 2006

On Demand HR Solutions Firm Named to Canadian Technology Fast 50 for Fourth Year in a Row

Ottawa, ON. – September 22, 2006 - Workstream Inc.(TM) (NASDAQ: WSTM), a leading provider of On-Demand Enterprise Workforce Management software and services, today announced it has ranked 30th in the 2006 Deloitte Canadian Technology Fast 50 list, a ranking of the fastest growing technology companies in Canada. This is the company’s fourth consecutive year on this prestigious list. The annual Technology Fast 50 program is based on the percentage of growth in fiscal year revenues over five years, from 2001 to 2005. This year a fifth-year revenue threshold was set to ensure a new standard for excellence. Workstream has experienced a five-year growth rate over 770%.

“This is a tremendous honor to be selected as one of the fastest growing and most innovative companies in North America,” said Michael Mullarkey, CEO and Chairman of Workstream. “Our on demand suite approach to Human Resources software is unique and with over 400 customers across Canada and the United States, an excellent team of domain experts and quality products, Workstream is poised for continued growth in 2007.”

"The Deloitte Technology Fast 50 companies have shown the strength and vision to succeed despite a very challenging technology environment," said John Ruffolo, National Leader, Technology, Media & Telecommunications, Deloitte. "We applaud the successes of Workstream and acknowledge their place as one of the very few to accomplish such a fast growth rate over the past five years."

About Workstream
Workstream provides enterprise workforce management solutions and services that help companies manage the entire employee lifecycle – from recruitment to retirement. Workstream’s TalentCenter provides a unified view of all Workstream products and services including Recruitment, Benefits, Performance, Compensation, Development and Transition. Access to TalentCenter is offered on a monthly subscription basis under an on-demand software delivery model to help companies build high performing workforces, while controlling costs. With 9 offices across North America, Workstream services customers including Chevron, The Gap, Home Depot, Kaiser Permanente, Motorola, Nordstrom, Samsung, Sony Music Canada, VISA and Wells Fargo. For more information visit www.workstreaminc.com or call toll free 1-866-470-WORK.

About Deloitte
© Deloitte & Touche LLP and affiliated entities.
Deloitte, one of Canada's leading professional services firms, provides audit, tax, consulting, and financial advisory services through more than 6,100 people in 47 offices. Deloitte operates in Québec as Samson Belair/Deloitte & Touche s.e.n.c.r.l. The firm is dedicated to helping its clients and its people excel. Deloitte is the Canadian member firm of Deloitte Touche Tohmatsu.

Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms, and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu," or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.

This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on the current expectations or beliefs of Workstream's management and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: inability to grow our client base and revenue because of the number of competitors and the variety of sources of competition we face; client attrition; inability to offer services that are superior and cost effective when compared to the services being offered by our competitors; inability to further identify, develop and achieve success for new products, services and technologies; increased competition and its effect on pricing, spending, third-party relationships and revenues; as well as the inability to enter into successful strategic relationships and other risks detailed from time to time in filings with the Securities and Exchange Commission.

For more information contact:
Investor Relations:
Matt Middendorf
Workstream Inc.
Tel: 866-953-8800 ext. 888
Email: investorrelations@workstreaminc.com