2007 Press Releases

Workstream Strengthens Direct Sales Leadership Team

Leading Sales Executives from Kronos and WageWorks Join Workstream

BURLINGAME, Calif.--(BUSINESS WIRE)-- Workstream Inc. (NASDAQ: WSTM - News), a leading provider of On-Demand Compensation, Performance and Talent Management solutions, today announced it has hired two new Vice Presidents of Sales and promoted another one internally to round out the Company's Sales Management team.

"We are very excited to have attracted and promoted such talented and successful sales executives to Workstream," said Mr. Gupta, CEO at Workstream. "The On-Demand Talent Management software market is growing rapidly and Workstream is building a world-class sales team to capitalize on this opportunity and to accelerate our North American revenue growth."

Joining Workstream as the Company's Vice President of Western Region Sales is Richard Sherwood, who was most recently with Kronos Incorporated (NASDAQ: KRON - News). Prior to Kronos, Mr. Sherwood was the Vice President of HR sales for Oracle Corporation (NASDAQ: ORCL - News) from 1999 through 2006. During his tenure, Mr. Sherwood grew revenues from $11 million to over $40 million. Mr. Sherwood also served in various HR sales management positions at SAP, Lawson and Cyborg.

"I am very pleased to have joined Workstream at this unique inflection point in their evolution as a leader in the Talent management market," said Mr. Sherwood. "Under Deepak Gupta's leadership, the Company is building a very strong sales and marketing group, and I am very excited to be a part of this winning team."

The Company also announced that Edmundo Gamboa Jr. has joined as Workstream's new Vice President of Education and Government Sales. Mr. Gamboa joins Workstream from WageWorks, Inc., which is privately held, where he was the Vice President of E&G sales for the past four years. In this role Mr. Gamboa's team generated nearly 1/4 of their Company's overall revenues. Prior to WageWorks, Mr. Gamboa worked for Mr. Gupta running Education and Government Sales for the PeopleSoft on-demand business. In this capacity Mr. Gamboa's team was responsible for generating revenues at a run rate of over $20 million dollars in only three years.

"Workstream is the only On-Demand provider with an end-to-end integrated Talent Management suite and a tremendous government installed base, including organizations such as Department of Labor and FBI," said Mr. Gamboa. "With these unique ingredients in place, I look forward to driving similar success for Workstream as I did for Wageworks."

In addition to these new hires, Workstream also announced the promotion of Neil McAdorey from Senior Director of Business Development to Vice President of Eastern Region Sales. Mr. McAdorey has worked for Workstream over the past two years and was primarily responsible for the success of the Company's ExcellerateHRO distribution partnership.

"With the past six months of demonstrated pipeline growth and sales closure with customers as diverse as American Express, EDS and Cardinal Health, I look forward to expanding my team and accelerating revenue growth for Workstream in the Eastern Region," said McAdorey.

Also joining Workstream are two highly seasoned and experienced Regional Sales Managers with deep domain experience of selling Human Capital Solutions at PeopleSoft and a direct competitor.

About Workstream Inc.
Workstream provides on-demand Human Capital 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, 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 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.

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.

Contact:
Stacey Virgo
Workstream
1-866-953-8800, Ext. 715
stacey.virgo@workstreaminc.com