2006 Press Releases

Workstream Named One of the Fastest Growing Software Companies
According to Deloitte’s 2006 Technology Fast 500

Company was 6th Fastest Growing HR Software Company in North America

Ottawa, ON – October 20, 2006 – Workstream Inc.,™ (NASDAQ: WSTM), a provider of On-Demand Enterprise Workforce Management software, today announced that the Company has been named to the prestigious 2006 Deloitte Technology Fast 500 for North America for the fifth year in a row and was the 6th Fastest Growing HR Software firm. Workstream in the overall Fast 500 ranking was 204th and was 74th among all Software providers, with a revenue growth rate over five years of 771 percent, moving from revenues of $3,079,000 in 2001 to $26,819,000 in 2005.

“We congratulate Workstream and all of our Fast 500 winners on their tremendous growth during a time when convergence is creating an extremely competitive environment,” said Tony Kern, U.S. deputy managing principal of Deloitte’s Technology, Media & Telecommunications (TMT) industry practice. “Numerous technology advances, the ubiquitous digitization of data, and the growth in connectivity is blurring the lines between industries and creating new opportunities for Fast 500 winners to challenge old business models with original ideas.”

“Our Software as a Service approach and robust suite of applications has fueled Workstream’s long term revenue growth by providing an easy, fast and affordable way to effectively manage a company’s workforce,” said Michael Mullarkey, CEO and Chairman at Workstream. “Our tremendous market opportunity in On Demand software, our over 400 customers and dedicated employees will continue to make Workstream a dynamic growth company for years to come.”

This annual ranking by Deloitte & Touche USA LLP of the fastest growing technology, media, telecommunications and life sciences companies in North America, the program is based on the percentage revenue growth over five years (fiscal year revenues 2001-2005).

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, 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 nine offices across North America, 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.

About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other’s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names “Deloitte”, “Deloitte & Touche”, “Deloitte Touche Tohmatsu” or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.

Deloitte & Touche USA LLP is the U.S. member firm of Deloitte Touche Tohmatsu. In the United States, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP, and their subsidiaries), and not by Deloitte & Touche. USA LLP

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:
Matt Middendorf
Workstream Inc.
Tel: 866-953-8800 ext. 888
Email: investorrelations@workstreaminc.com