Workstream Posts Flat Revenues

January 18, 2010 – Workstream Inc., a provider of on-demand compensation, performance and talent management software, has posted revenues of $5 million for the second quarter fiscal 2010, compared to $5.1 million during the same period last year. Net loss was $341,000, or one cent per share, compared to $1.3 million, or two cents per share, a year ago. “The second quarter results and overall operational improvements reflect Workstream's determined march towards stability and profitability,” said Michael Mullarkey, president and CEO. “With the restructuring of the notes and new members of management in place, the company can implement a new, more targeted approach during the second half of fiscal 2010 to grow revenues organically and better align our financial position with our operational requirements.”