SARLEN <SALNU> COMPLETES PRIVATE PLACEMENT
Sarlen and Associates Inc
said it completed its private placement of 12.5 mln dlrs of
five-year eight pct senior subordinated notes with warrants to
purchase common and 2.5 mln dlrs of 12 pct series A preferred
with warrants to purchase common.
    It said a portion of the proceeds was used to finance its
acquisition of Gleason Security Services Inc and Gleason Plant
Security Inc.
 Reuter
