8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): November 21, 2007

WORKSTREAM INC.

(Exact Name of Registrant as Specified in Charter)

CANADA	001-15503	N/A
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer  Identification No.)

1350 Old Bayshore Highway, Suite 100, Burlingame, CA 94010 

(Address of Principal Executive Offices) (Zip Code)

(650) 340-4000 

 (Registrant's Telephone Number, Including Area Code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On November 20, 2007, Workstream Inc. ("Workstream") received written notification (the "Notice") from The Nasdaq Stock Market ("Nasdaq") that the bid price of its common stock for the last 30 consecutive trading days had closed below the minimum $1.00 per share (the "Minimum Price Requirement") required for continued listing under Nasdaq Marketplace Rule 4310(c)(4) (the "Rule"). Pursuant to Nasdaq Marketplace Rule 4310(c)(8)(D), Workstream has been provided an initial period of 180 calendar days, or until May 19, 2008, to regain compliance. The Notice states the Nasdaq staff (the "Staff") will provide written notification that Workstream has achieved compliance with the Rule if at any time before May 19, 2008, the bid price of Workstream’s common stock closes at $1.00 per share or more for a minimum of 10 consecutive business days, although the Notice also states that the Staff has the discretion to require compliance for a period in excess of 10 consecutive business days, but generally no more than 20 consecutive business days, under certain circumstances.

If Workstream cannot demonstrate compliance with the Rule by May 19, 2008, the Staff will determine whether Workstream meets the Nasdaq Capital Market initial listing criteria set forth in Marketplace Rule 4310(c), except for the bid price requirement. If Workstream meets the initial listing criteria, the Staff will notify Workstream that it has been granted an additional 180 calendar day compliance period. If Workstream is not eligible for an additional compliance period, the Staff will provide written notice that Workstream's securities will be delisted. At that time, Workstream may appeal the Staff's determination to delist its securities to a Listing Qualifications Panel.

Item 9.01 Financial Statements and Exhibits

( c ) Exhibits

99.1 Press Release issued on November 21, 2007 by Workstream Inc.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	WORKSTREAM INC.
Dated: November 21, 2007	By:	/s/ Phil Oreste
		Name: Phil Oreste Title: Chief Financial Officer

EX-99.1

Workstream Inc. Reports NASDAQ Non-Compliance Notification

Burlingame, CA, November 21, 2007 - Workstream Inc.(NASDAQ: WSTM), a leading provider of on-demand compensation, performance and talent management solutions, today announced that it has received a NASDAQ Staff Deficiency Letter on November 20, 2007 indicating that Workstream Inc. fails to comply with the minimum price bid requirement for continued listing set forth in Marketplace Rule 4803(a).

The company stated that it has until May 19, 2008 to comply with the NASDAQ minimum trading price requirement for 10 consecutive trading days prior to the deadline. Workstream has filed an official public announcement of this NASDAQ notification through the required SEC form 8-K on November 20, 2007. 

About Workstream

Workstream provides on-demand compensation, performance 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, 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. For more information visit www.workstreaminc.com or call toll free 1-888-221-4005.

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:

Phil Oreste

Workstream Inc.

Tel: 650-340-4040

Email: phil.oreste@workstreaminc.com