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2007 Press Releases

Workstream Appoints Deepak Gupta to Board of Directors

On-Demand Talent Management Firm's CEO is Latest Board Member

BURLINGAME, Calif.--(BUSINESS WIRE)--Workstream Inc. (NASDAQ: WSTM - News), a leading provider of On-Demand Compensation, Performance and Talent Management solutions, today announced it has appointed Deepak Gupta to the Company's Board of Directors.

"I am very excited to welcome Deepak to the Workstream board and enthusiastically support his strategy and growth plans for the Company," said Michael Mullarkey, Workstream's Executive Chairman of the Board.

Before joining Workstream, Mr. Gupta was the Senior Vice President, General Manager and founder of the PeopleSoft's On Demand business and reported directly to Craig Conway, President and CEO of PeopleSoft.

"Workstream is at an important inflection point and is poised for strong growth," said Deepak Gupta, CEO of Workstream, Inc. "As we announced today, we are rapidly building out a world class direct sales team to accelerate our revenue growth in the rapidly growing Human Capital Management solution market."

About Workstream Inc.
Workstream provides on-demand Human Capital 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, 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.

Contact:

Workstream Stacey Virgo
1-866-953-8800, Ext. 715
stacey.virgo@workstreaminc.com

 

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