OTTAWA, Canada, Aug. 9, 2005 -- Workstream Inc.(TM) (NASDAQ:WSTM), a provider of Enterprise Workforce Management software, today announced that Wells Fargo & Company (NYSE:WFC), a Fortune 50 financial services company, has successfully deployed the largest Workstream Compensation implementation on record, for the company's 129,000 employees across North America.

With a geographically distributed workforce amassed through years of mergers and acquisitions, Wells Fargo found themselves trying to manage a highly complex, decentralized compensation model. Compensation planning was performed at each individual business unit, utilizing numerous different systems, processes and calendars for managing salary, variable pay and stock options. In order to address these issues, Wells Fargo selected Workstream for a multi-year, multiple division deployment that now successfully manages almost 130,000 employees in over 80 divisions. Workstream Compensation provides Wells Fargo with an integrated system for planning and managing the complexities of total compensation and assisting line-managers in making better, more equitable pay decisions.

"By using Workstream to automate, streamline and communicate compensation practices throughout our organization, we've been able to collapse nearly 82 separate compensation planning processes into one, synchronized focal review process," stated Paula Roe, SVP of Compensation and Benefits at Wells Fargo. "As a result, our compensation planning cycle has reduced to 5 weeks, significantly streamlining our administrative processes."

The Company chose a staged approach to enterprise-wide deployment due to its complex, distributed structure and disparate compensation planning philosophies. This year's focal review process marks a milestone for the Wells Fargo Compensation Group in achieving a standardized compensation planning process for the entire financial institution.

"Workstream Compensation is a robust, strategic application that helps organizations solve complex compensation problems that impact the entire enterprise," said Michael Mullarkey, CEO and Chairman of Workstream. "Companies like Wells Fargo depend on Workstream to help reduce turnover of top employees, streamline compensation planning cycles and gain better visibility and control of their largest single expenditure - employee compensation."

Workstream Compensation

Workstream Compensation is a comprehensive set of products that enable end-to-end management of all types of compensation information including salary, variable pay and stock awards. As many organizations are beginning to introduce more complicated, formula-driven variable pay plans, Workstream features an Advanced Variable Pay module that provides the flexibility to manage these plans easily and to assist managers in correctly rewarding the company's high achievers.

All Workstream Compensation products are designed to provide managers and compensation professionals with the information and online decision support tools necessary to help them make more informed, policy-based pay decisions. The Workstream products can be implemented separately or together, allowing organizations to achieve the goal of realizing a pay-for-performance philosophy at their own pace. Workstream Compensation products include:

-- Focal and Anniversary Planning, for annual and year-round salary, basic variable pay and stock evaluation across the enterprise, during a pre-determined planning window or on an effective date.

-- Advanced Variable Pay, for formulaic variable pay plans that are administered throughout the year.

-- Total Rewards Statements, an integrated, Web-based product for employees to access, view, model and manage all of their corporate-sponsored financial benefits.

About Wells Fargo:

Wells Fargo & Company is a diversified financial services company with $428 billion in assets, providing banking, insurance, investments, mortgage and consumer finance to more than 23 million customers from more than 6,000 stores and the internet (wellsfargo.com) across North America and elsewhere internationally. Wells Fargo Bank, N.A. is the only "Aaa"- rated bank in the United States. Providing financial products and services to more than one million businesses with annual sales up to $20 million in all 50 states, Puerto Rico and Canada, Wells Fargo is the #1 lender to small businesses in the United States in total dollar volume according to 2003 CRA data.

The second largest national SBA lender in dollars, Wells Fargo is an SBA Preferred Lender in 28 states, and originated 3,555 loans for $495 million in 2004. Wells Fargo has also been ranked the number one SBA 504 lender nationally for the last two years. Its targeted business services programs provide outreach and education to women, African American, Latino, and Asian business owners about financial services. Since 1995, Wells Fargo has loaned more than $23 billion to women and minority business owners.

About Workstream:

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, Eli Lilly Canada, 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.

Tammie Brown, 1-877-327-8483 ext. 263
tammie.brown@workstreaminc.com