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1 Rules 424(b)(3) and 424(c) File No. 333-15413 INTERNATIONAL ALLIANCE SERVICES, INC. AMENDMENT NO. 1 TO PROSPECTUS SUPPLEMENT TO PROSPECTUS DATED JANUARY 22, 1997 International Alliance Services, Inc. (the "Company") has prepared this Prospectus Supplement in order to reflect certain transfers and sales of Common Stock by certain Selling Stockholders of the Company, the table of Selling Stockholders in the Selling Stockholders Section of the Prospectus is hereby supplemented as follows: - ---------------------- (1) Includes 300,000 shares issuable upon exercise of outstanding warrants. (2) These shares are beneficially owned by Alliance Capital Management L.P., which is not affiliated with Alliance Holding Corporation. (3) Includes 85,000 shares issuable upon exercise of outstanding warrants. (4) Sophia Management Ltd. is managed by Messrs. Joseph E. LoConti, Craig L. Stout, Edward F. Feighan and Gregory J. Skoda. Messrs. Stout, Feighan and Skoda are officers of the Company. The date of this Prospectus Supplement is August 19, 1997.
SHARES TO BE SHARES OFFERED OWNERSHIP BENEFICIALLY FOR THE SELLING AFTER OWNED PRIOR TO STOCKHOLDER'S THE SELLING STOCKHOLDER THE OFFERING ACCOUNT OFFERING - ------------------------------------- ----------------- ----------------- --------------------------- Number Percent of of Shares Class ---------- --------- Alliance Global ENV. Fund Inc. 300,000(1)(2) 300,000(1) - 0 - * Berkley Technology Investments Ltd. 1,370,000(3) 85,000(3) 1,285,000 3.4% Lant & Co. 300,000 300,000 - 0 - * Sophia Management Ltd.(4) 5,825,000 2,244,000 3,581,000 9.5%