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2006 Press Releases
Workstream inc. to Explore Strategic Alternatives
Ottawa, ON - March 30, 2006 - Workstream
Inc. (NASDAQ: WSTM), a leading provider of on-demand
enterprise workforce management software, announced today
that it has engaged William Blair & Company, as its
strategic advisor to assist in exploring various strategic
alternatives to maximize shareholder value. No assurance
can be given that any strategic alternatives will be
pursued, or if any transaction is pursued, that it will
be consummated. Workstream does not expect to disclose
developments with respect to the exploration of strategic
alternatives unless and until its Board of Directors
has approved a specific transaction.
About Workstream Inc.
Workstream provides enterprise workforce 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, Benefits,
Performance, Compensation, Rewards, 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. Workstream services customers including Chevron,
The Gap, Home Depot, Kaiser Permanente, Motorola, Nordstrom,
Samsung, Sony Music Canada, 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 more information
contact:
Investor Relations:
Tammie Brown
Workstream Inc.
Tel: 877-327-8483 ext. 8263
Email: tammie.brown@workstreaminc.com
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Customer Success
UHN Streamlines Recruitment Process and Improves HR Service Level with Workstream’s
On-Demand Recruitment Solution.
Learn more »
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