WORKSTREAM INC
			Symbol			WSTM

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Workstream Inc. Announces First Quarter Fiscal 2010 Results

2009-10-15 17:30 ET - News Release

MAITLAND, Fla., Oct. 15, 2009 (GLOBE NEWSWIRE) -- Workstream Inc. (OTCBB:WSTM), a leading provider of on-demand compensation, performance and talent management software that helps companies manage the entire employee lifecycle, today announced financial results for the first quarter ended August 31, 2009.

First Quarter Highlights Include:

 *    Positive EBITDA of $50,000
 *    Release of the latest version of TalentCenter's Pay-for-
      Performance software at HR Tech, integrating non-cash Rewards and 
      Recognition
 *    Release of new Workstream Recruitment module including 10,000 
      skill and behavior-based competencies
 *    Winning place on Annual Software 500
 *    6FigureJobs named a Top 100 board

"The first quarter of F2010 was a productive one for Workstream. In addition to attaining an EBITDA positive quarter, we released two significant enhancements to our software. We believe that we now have the only enterprise-level platform in which multi-national employers can award cash and non-cash compensation in an integrated solution, to reward and retain top performers. Workstream anticipates that employers, having reduced workforces, wages and bonuses, will have an increasing need to manage variable pay in the future to retain their most productive employees," said Chief Executive Officer, Steve Purello.

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