2006 Press Releases

St. Michael’s Hospital Streamlines Recruitment Process with Workstream

Healthcare Organization signs multi-year deal for Workstream’s On-Demand Recruitment Solution

Ottawa, ON. – October 3, 2006 –Workstream Inc. (NASDAQ: WSTM), a provider of On-Demand Enterprise Workforce Management software, today announced that St. Michael’s Hospital, a Toronto-based hospital network, has signed a multi-year contract for the Workstream On-Demand Recruitment system. St. Michael’s Hospital selected the On-Demand Workstream Recruitment system for its ease of use, functionality and overall value.

The Hospital was looking for a web-based, externally hosted applicant tracking software tool which would automate many of the manual tasks associated with the recruiting process. St. Michael’s Hospital expects the system to deliver the following overall key benefits:

• Process streamlining and cycle-time reduction;
• Reduce time in processing application documents and generating correspondence
• Reduce the overall time-to-hire
• Proactive recruitment that will allow for continuous recruitment for selected positions
• The ability to provide statistical reporting on the process straight out of the application

Workstream Recruitment is an On-Demand solution that can be implemented quickly to help companies automate and manage the entire recruitment process including job requisition, job profile creation, job posting, career site management, candidate screening and tracking, interview scheduling, offer letter generation and hiring.

“Workstream’s On-Demand approach to delivering HR software is revolutionizing the way strategic HR solutions are purchased,” said Michael Mullarkey, CEO and Chairman of Workstream. “On-Demand solutions allow companies to quickly and easily turn on applications to manage critical HR processes like recruitment, while reducing costs and improving productivity.”

About Workstream, Inc.
Workstream provides On-Demand 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 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 over 400 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:
Matt Middendorf
Workstream Inc.
Tel: 866-953-8800 ext. 888
Email: investorrelations@workstreaminc.com