Workstream Signs Multi-Million Dollar, Multi-Year OEM Contract

    BURLINGAME, CALIF., June 26 /CNW/ - Workstream Inc. (NASDAQ:   WSTM), a
leading provider of On-Demand Human Capital Management (HCM) including
compensation, performance and talent management solutions, today announced it
has signed a significant multi-year OEM agreement during Workstream's fiscal
Q4 2007. This agreement will embed a key Workstream technology in the OEM
company's on-demand benefits management offerings. The overall contract is
valued at $2,000,000 with revenue to be spread over the next two years.

    "Our end-to-end integrated suite of Talent Management technologies
positions us extremely well to be a partner of choice for Systems Integrators,
Human Resources Outsourcers (HRO) and Business Process Outsourcers (BPO)
providing Workstream opportunities to participate in larger multi-year deals
worldwide," said Deepak Gupta, President and CEO of Workstream.

    "This type of agreement demonstrates the strength of the Workstream
technology and signals a renewed effort by Workstream to leverage partnerships
to accelerate revenue growth and increase market penetration of our
solutions," said Kevin Dobbs, Senior Vice President of Business Development at
Workstream. "Workstream can address our partner's needs today for integrated,
multi-lingual, multi-national, pay-for-performance, Talent Management
solutions to the Global 2000."

    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 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

For further information:

For further information: Workstream Stacey Virgo, 1-866-953-8800, Ext.

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