Enerplus Resources Fund Selects Workstream to Manage Compensation



    Workstream Expanding Rapidly Into Mid-Market

    BURLINGAME, CALIF., October 9 /CNW/ - Workstream Inc., (NASDAQ:   WSTM), a
leading provider of on-demand compensation, performance and talent management
solutions, today announced that Enerplus Resources Fund, a $1.5 billion oil
and gas trust out of Calgary, has signed a three-year deal to leverage
Workstream Compensation Professional to manage compensation activities for its
500-person staff. Enerplus chose Compensation Professional, a foundation of
the Workstream mid-market talent management suite, for its flexibility,
intuitive user-interface, and enterprise-class functionality.

    "Our growth and profitability required that we move to an
enterprise-class compensation management solution," said Brien Perry,
compensation manager at Enerplus Resources Fund. "We needed a system capable
of accommodating the complex compensation and governance requirements that are
inherent to publicly held companies, but that also would be easy to implement
and use."

    Compensation Professional will enable Enerplus to eliminate up to 40
spreadsheets it had been using to manage employee compensation. By automating
this critical financial process with Workstream, Enerplus compensation
managers will realize time savings and benefit from a system that is
100-percent auditable, a key for public companies that must deal with
regulatory requirements.

    "Automated compensation management is a requirement for any business that
is, or plans to be, public," said Deepak Gupta, president and CEO at
Workstream. "Companies simply can not afford the exposure that comes with
spreadsheet-based compensation management. We built Compensation Professional
specifically for mid-market companies that have complex compensation
requirements, but require the ease-of-use and flexibility that are known to
accompany more light-weight solutions. Enterprise-class functionality at an
affordable price makes Compensation Professional a perfect fit for the
mid-market."

    A number of high-profile businesses have deployed Workstream mid-market
solutions since the company launched its suite in June, including Aspen Skiing
Company and EMS SATCOM. Compensation Professional is a key component of the
Workstream mid-market talent management suite, offering mid-size businesses a
robust on-demand solution for total compensation planning. Key capabilities of
the Compensation Professional solution include:

    --  Enabling HR to create a single, centralized compensation plan that
includes salary, stock, and variable pay components

    --  Highly configurable, variable pay functionality that allows
calculations based on multiple factors and is not "hard-coded"

    --  Providing managers a single, flexible planning screen where they can
see and edit their plan information, view online analytics on their plan,
compare guidelines for pay increases based on performance and other plan
variables

    --  The "Advisor" function gives planning managers critical real-time
information and advice about many common errors or issues that arise during
the process, such as paying an employee over or under company guidelines

    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, Nordstrom 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.




For further information:

For further information: Workstream, Inc Gary Damiano, 650-340-4046
gary.damiano@workstreaminc.com

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