2007 Press Releases

Workstream and Human Capital Institute to Host Executive Compensation Webinar Series

Event to Highlight the SEC and Executive Compensation Pay Practices, First in Four-Part Interactive Series

Ottawa, ON. – January 9, 2007 - Workstream Inc. ™ (NASDAQ: WSTM), a provider of On-Demand Human Capital Management software, and Human Capital Institute (HCI) today announced a joint Webinar series on Executive Compensation, featuring a four-part, interactive learning program exploring current issues around executive compensation management practices. The series features HCI analysts, industry practitioners and other experts presenting powerful best practice information and insight on all elements of executive pay, including new SEC disclosure requirements and how they impact compensation management practices, performance-based executive pay programs, the relationship between executive pay and performance, how to manage the employee discontent on executive-worker wage gaps, executive compensation considerations during mergers and acquisitions, and more.

Tapping into one of the most prominent issues around executive pay today, the first featured topic of the webcast series will be:

• “The SEC and Executive Compensation”
  Thursday, January 25, 2007 from 12:00 – 1:30 PM EST
  Presented by: Mark Smith, CEO and EVP of Research, Ventana Research
  
  Improper management of executive compensation can have serious shareholder and SEC regulatory implications for companies today. Just read the headlines. 105 companies are currently under investigation with the SEC for backdating stock options. Executive pay scandals abound and pay for performance is a philosophy often preached and rarely practiced.
  
  The intense scrutiny and new regulations on executive compensation pay practices requires a new vigilance from HR in how executive pay is managed and reported. Yet astoundingly, spreadsheets remain the status quo for forecasting, planning and managing executive compensation processes.

  Learn how new regulatory laws are changing the way executive compensation is managed, why using spreadsheets can be dangerous, and what solutions you can implement to safeguard your organization.

  Topics to be addressed by the panel of experts include:

  • How today’s SEC executive compensation disclosure rules affect compensation management processes.
  • The inherent risks and challenges of managing compensation with spreadsheets.
  • How to self-audit your own compensation processes to assess your vulnerabilities and risks on critical compensation compliance issues.
  • See how other Workstream customers such as are The Gap, Kaiser Permanente, Motorola and Wells Fargo are successfully managing compensation.

For more information or to register for one of the series complimentary Webcasts, visit http://www.workstreaminc.com/hci

About Workstream Inc.
Workstream provides On-Demand 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, Rewards, Employee Development, Knowledge Management and Transition. Access to the Workstream 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 nine offices across North America, Workstream services over 400 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 The Human Capital Institute
The Human Capital Institute is a think tank, educator, and global professional association dedicated to the advancement of talent management practices with individuals and organizations. HCI serves as a catalyst for innovative thinking in integrated talent strategy, acquisition, development, engagement, management, and measurement. Through research and collaboration, HCI programs collect original, creative ideas from a field of the brightest thought leaders in talent management. Those ideas are then transformed into measurable, real-world strategies that help its members attract and retain high-performing people, build a diverse, inclusive workplace, and leverage individual and team performance throughout the enterprise. HCI members represent a broad coalition of educators, talent managers and executives. For more information, please www.humancapitalinstitute.org.

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:

Tasha White
Workstream, Inc.
1-866-953-8800,
investorrelations@workstreaminc.com