2008 Press Releases

Workstream Awarded GSA Schedule For Comprehensive Suite Of Talent
Management Solutions

New Five-Year GSA Schedule Streamlines Procurement Process

Burlingame, CA – February 20, 2008 - Workstream Inc. (NASDAQ: WSTM), a leading provider of on-demand compensation, performance, and talent management solutions, today announced it has been awarded a five-year General Services Administration (GSA) Schedule 70 contract by the U.S. government that will streamline procurement of Workstream talent management solutions by federal, state and local agencies as well as tribes and universities.

Securing the GSA schedule will simplify the process by which Workstream sells to government entities by eliminating the need for agencies to secure a request for proposal. Instead, agencies need only obtain a request for quote before pursuing a transaction with Workstream. Already with a sizable installed base of government customers, the new GSA contract will enable Workstream to sell its talent management solutions to agencies and government-subsidized institutions directly, rather than through a third party vendor.

"The hard work required to obtain a GSA schedule demonstrates Workstream’s commitment to serving this important and growing market segment," said Deepak Gupta, CEO for Workstream. "In government, there is intense demand for technology solutions that improve an organization’s ability to find and retain the best workers. Workstream’s new GSA contract will make it easier than ever for government agencies to leverage the industry’s leading on-demand talent management suite."

GSA's Federal Supply Schedules, also known as Multiple Award Schedules, are contracts that allow federal customers to acquire more than 4 million services and products directly from over 8,600 commercial suppliers. The Schedules Program provides the lowest cost access to the world’s largest customer, the U.S. Government. The Federal Supply Schedules Program has become the most widely used acquisition vehicle in the federal government for the purchase of commercial products and services. Schedules Program sales now exceed $26 billion annually and is growing at the rate of more than $2 billion a year.

About Workstream

Workstream provides on-demand compensation, performance and talent 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, Kaiser Permanente and Wells Fargo. For more information visit www.workstreaminc.com or call toll free 1-888-221-4005.

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:

Gary Damiano
Workstream Inc.
Tel: 925-467-6013
Email: gary.damiano@workstreaminc.com