Aspen Skiing Company Selects Workstream Mid-Market Solutions to Manage Employee Performance, Development and Succession Planning



    Integrated, On-Demand Talent Management Applications to Help Aspen Skiing
Company Retain and Maximize Top Talent, Driving Business Growth

    BURLINGAME, CALIF., August 2 /CNW/ - Workstream Inc. (NASDAQ:  WSTM), a
leading provider of on-demand compensation, performance and talent management
solutions, today announced that Aspen Skiing Company, a commercial enterprise
that operates the Aspen/Snowmass resort complex, comprising four ski areas
near the town of Aspen, has selected Workstream Professional mid-market
solutions to manage performance, development and succession planning. Aspen
Skiing Company employs 3,500 workers during its peak winter operating months.
The combination of Workstream Professional solutions - which are delivered
on-demand, tightly integrated, and designed specifically for mid-market
companies - will allow Aspen Skiing Company to maximize the value of existing
employees, while reducing hiring costs and turnover.

    "This is a tremendous win for Workstream because it helps confirm our
belief that mid-sized companies would prefer an integrated suite of talent
management applications from one vendor, rather than single products from
multiple vendors," said Deepak Gupta, President and CEO at Workstream.
"Workstream is enabling mid-market businesses like Aspen Skiing Company to
address the shortage of top-tier talent in the marketplace and compete with
larger enterprises, by leveraging a suite of seamlessly integrated, low-cost,
on-demand talent management solutions. We look forward to helping more
mid-sized businesses create efficiencies, lower risk, and optimize their
Return on Talent."

    "A unified approach to talent management will allow us to get the most
value from the people we have already, and determine appropriate development
and succession paths so we can keep these employees happy and productive for a
very long time," said Jim Laing, Vice President, Human Resources and Retail
Operations at Aspen Skiing Company. "Despite the obvious benefits of living
and working in Aspen, finding and recruiting top talent is a constant
challenge and extremely expensive. We can be far more successful by investing
in the people we have, which is what we are doing with Workstream. Workstream
will allow us to grow our best people and the company at the same time, and
that's a formula for success."

    Aspen Skiing Company selected Workstream for multiple reasons, including
the depth of its Professional series solutions. Aspen Skiing Company will
never have to switch to different Workstream products, regardless of how fast
or big it grows, since Workstream Professional solutions have all the
functionality of its enterprise systems, only with a different configuration.
As Aspen Skiing Company matures, adding new functionality will be as simple as
asking Workstream to "turn it on" the existing system.

    Aspen Skiing Company also preferred Workstream for the tightly integrated
nature of its applications. Because Workstream offers a complete talent
management suite, with systems that automate processes from "hire through
retire," Aspen Skiing Company will never have to engage with another vendor.
Finally, Aspen Skiing Company chose Workstream because its solutions are
delivered on-demand, which ensures Aspen Skiing Company can be up-and-running
with Workstream quickly and easily, at a low cost, and without the need for
sophisticated technical support in-house.

    The Workstream Professional series today includes performance management,
development, succession planning and recruiting applications, as well as
highly trained professional services to quickly implement the solutions. Key
highlights of the applications include:

    --  Workstream Development Professional provides the most comprehensive
employee development solutions available for mid-sized businesses, with key
features that include: Workstream's complete Competency Dictionary, with over
9,000 competences and over 400 job and role profiles; integrated development
planning; and a complete set of manager coaching tips and on-the-job
development steps.

    --  Workstream Performance Professional is the most complete and
configurable performance management solution on the market. Key features
include a best-practices performance appraisal with goal management, job
responsibilities, competencies, an integrated link to the employee's
development plan, employee-manager comparison view, and a sign-off and
submission process. Workstream Performance Professional customers also gain
access to the complete Workstream Competency Library to reduce start-up times
and speed time-to-value.

    --  Workstream Succession Planning Professional enables businesses to
develop a leadership plan for today and tomorrow. In one place, management can
easily develop a succession plan, view bench strength across the plan, and see
the strongest performers to fill future leadership positions. Finally,
powerful analytics within the solution let management and Human Resources
maintain and update the plan so that the company is always assured of having
strong leadership.

    About Aspen Skiing Company

    Aspen Skiing Company operates the four mountains in the Aspen/Snowmass
area - Snowmass, Aspen Mountain, Aspen Highlands and Buttermilk - as well as
the award-winning Ski & Snowboard Schools of Aspen/Snowmass. The area offers
unparalleled nightlife and off-slope activities as well. Aspen/Snowmass is
accessible by two of the most convenient airports in the mountains -
Aspen/Pitkin County Airport (ASE) (3 miles from Aspen) and Eagle County
Airport (EGE) (70 miles from Aspen). For more information on Aspen Skiing
Company, please call 800-525-6200 or 970-925-1220, or visit the company's
website at www.aspensnowmass.com.

    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, The Gap, Home Depot, Kaiser Permanente,
Motorola, Nordstrom, 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.




For further information:

For further information: Workstream Inc. Gary Damiano, 650-340-4076
Email: gary.damiano@workstreaminc.com

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