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                                                                    EXHIBIT 99.1





FOR IMMEDIATE RELEASE

                                                     CONTACT: EDWARD FEIGHAN,CEO
                                                              -or-
                                                              GREG SKODA, CFO
                                                              CLEVELAND, OHIO
                                                              (216) 447-9000


 INTERNATIONAL ALLIANCE SERVICES, INC. ANNOUNCES THE SIGNING OF AN AGREEMENT TO
    ACQUIRE M&N RISK MANAGEMENT, INC., M&N ENTERPRISES, INC., MFC, INC., THE
 ACQUISITION OF MIDLAND CONSULTING SERVICES AND THE LOCATION OF IASI'S EXECUTIVE
                          OFFICES IN HAMILTON, BERMUDA

Cleveland, Ohio (February 24, 1997) International Alliance Services, Inc.
(NASDAQ : IASI) ("the Company") today announced the Company has entered into an
agreement to acquire M&N Risk Management, Inc. And M&N Enterprises, Inc. (M&N
Companies) from the Cleveland law firm of Millisor & Nobil Co. LPA, and MFC,
Inc. of Cleveland, Ohio for 384,600 shares of restricted common stock of
International Alliance Services, Inc., $1,000,000 cash and 900,000 warrants of
the Company's common stock at $13 per share over a three year period.

M&N Risk Management and M&N Enterprises, Inc. are two of the leading third
party worker's compensation administrators in Ohio.  The firms provide
employers with a turn key operation which integrate actuarial analysis and
underwriting capabilities with claims administration.  The M&N Companies
administer workers' compensation programs for over 4,000 self-insured and state
fund employers.  The M&N Companies are expected to add approximately $6.6
million to IASI's annualized revenues.

This transaction is set to close by February 28, 1997.

"International Alliance Services now has a key component for our wide ranging
business services with the acquisition of M&N Risk Management and M&N
Enterprises", commented Edward F. Feighan, President and CEO of the Company.
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"Workers' compensation has long been viewed as one of the central components of
a professional employer organization.  These companies, continuing under the
leadership of Kenneth Millisor and Steven Nobel will significantly enhance the
marketing of our SMR Business Services unit.  Through our SMR Business Services
Group, the Company markets a wide range of business services and risk
management products.  M&N Risk Management and M&N Enterprises, as part of SMR
Business Services, will give the Company the capability to market workers'
compensation benefits administration on a national level and should add
additional back office services to their client base."

The Company also announced the completion of a previously signed agreement to
acquire Midland Consultants, Inc. ("Midland") of Cleveland, a full service
specialized employment firm with expected 1997 annualized revenue of $2.4
million.  The consideration paid for Midland was 87,500 shares of restricted
common stock of International Alliance Services, Inc., $208,000 in cash and
warrants to acquire 20,000 additional shares of the Company at $11,625 per
share over a three year period, the share price was based upon the market price
of the stock at the time the agreement to purchase was reached.

Midland's experience, progressive networking, computerization and specialized
recruiting expertise will enable SMR Business Services to provide both its
client base and candidates with a professional, timely and cost effective
specialized employment service.

The combined $9 million of annualized revenue by these new acquisitions will
more than double the revenue of International Alliance Services, Inc.  Business
Services Group and bring the total number of corporate clients serviced by this
group to approximately 5,000.  This will greatly enhance the Business Services
client base and create further opportunities for cross-services rendered in
this highly fragmented, rapidly growing, outsourcing services industry.

International Alliance Services, Inc. also announced the location of its
executive offices at the Hamilton, Bermuda offices of MGD Holdings LTD., a
substantial shareholder of IASI.  Mr. Michael DeGroote, who is Chairman of
International Alliance Services, Inc. stated "the establishment of the
executive offices in Hamilton, Bermuda will place the Company in one of the
major reinsurance centers in the world."

International Alliance Services, Inc. is a diversified services company focused
on integrating risk management services with other specialized business
services.  The Company provides specialty insurance, bonding, environmental
remediation and business services to commercial enterprises in Canada and
throughout the United States.