updated 11/5/2010 8:45:53 AM ET 2010-11-05T12:45:53

MAITLAND, Fla., Nov. 5, 2010 (GLOBE NEWSWIRE) -- Workstream (OTCBB:WSTM), a leading provider of compensation, performance and talent management software solutions, announces both the promotion of Tushar Ghoshal to Chief Technology Officer and Executive Vice President of Products and Hosting and the completion of another successful SAS 70 Type II audit.

"The new management team and I are extremely impressed by the vision and leadership Tushar has displayed at Workstream," said John Long, CEO of Workstream. "Tushar has been instrumental in bringing value to our clients through world class product innovation and data security. This promotion along with the successful completion of our SAS 70 Type II audit represent just the first of many steps the new leadership team is undertaking to scale our business through exceptional innovation, client service, and world class data security."

Ghoshal will be responsible for coordinating the overall product vision and IT strategy for Workstream, and stated, "An effective IT strategy must directly generate client value. The successful completion of our SAS 70 Type II by the globally recognized SAS 70 Solutions CPA Group provides comfort and assurance to our hosted clients that their sensitive data is secure and protected through superior controls and safeguards. Meanwhile, our industry's most innovative and flexible delivery model, including the usage of virtualization, single and multi-tenancy options, and our brand new on-premise appliance option, means that we are more prepared to support the divergent needs of a large and varied client base."

About Workstream: Workstream provides compensation planning, performance management, 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, Benefits, Performance, Compensation, Development, and Total Rewards with a strong focus on performance based compensation. Beyond mere process automation, Workstream's TalentCenter enables strategy execution by providing superior decision support guidance to users to help them align decisions with organizational strategy and vision. Our solutions are offered on a monthly subscription basis, under a Software as a Service (SaaS) model that help companies cost-effectively maximize workforce productivity, engagement, and satisfaction by applying business discipline to key people processes. With offices across North America, Workstream services customers including Chevron, The Gap, Kaiser Permanente, Marshfield Clinic, and United Airlines.

The Workstream, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6175

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