<PAGE>   1

                UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                   FORM 10-QSB

      [X]      QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
               EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED
               SEPTEMBER 30, 1999

      [ ]      TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
               EXCHANGE ACT OF 1934

                        Commission file number: 000-25675

                      COMBINED PROFESSIONAL SERVICES, INC.
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

         Nevada                                          88-0346441
(State of Organization)                    (I.R.S. Employer Identification No.)

                      1004 Coral Isle, Las Vegas, NV 89018
                    (Address of Principal Executive Offices)

        Registrants Telephone Number, Including Area Code: (702) 217-1921

        Check whether the issuer: (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such
shorter period that the registrant was required to file such reports), and (2)
has been subject to such filing requirements for the past 90 days.

Yes [ ]       No [X]

      Transitional Small Business Disclosure Format: Yes [ ]     No [X]

        2,200,000 Common Shares, $0.001 Par Value, Issued and Outstanding

<PAGE>   2
                                     PART I

                              FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS.

         Independent Auditor's Report dated October 29, 1999

         Financial Statements

                  Balance Sheet
                  Statement of Operations
                  Statement of Stockholders' Equity
                  Statement of Cash Flows
                  Notes to Financial Statements


<PAGE>   3

Member American Institute                                  Member Nevada Society
of Certified Public Accountants                  of Certified Public Accountants

                             KURT D. SALIGER, C.PA.
                           Certified Public Accountant

                          INDEPENDENT AUDITOR'S REPORT

Board of Directors
Combined Professional Services, Inc.
Las Vegas, Nevada

        I have audited the accompanying balance sheet of Combined Professional
Services, Inc. (a development stage company), as of September 30, 1999; and the
related statement of operations, stockholders' equity and cash flows for the
period ended September 30, 1999. These financial statements are the
responsibility of the Company's management. My responsibility is to express an
opinion on these financial statements based on my audit.

        I conducted my audit in accordance with generally accepted auditing
standards. Those standards require that I plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
I believe that my audit provides a reasonable basis for my opinion.

        In my opinion, the financial statements referred to above present
fairly, in all material respects, the financial position of Combined
Professional Services, Inc. at September 30, 1999; and the results of operations
and their cash flows for the period ended September 30, 1999 in conformity with
generally accepted accounting principles.

        The accompanying financial statements have been prepared assuming the
Company will continue as a going concern. As discussed in Note 3 to the
financial statements, the Company has had no operations and has no established
source of revenue. This raises substantial doubt about its ability to continue
as a going concern. Management's plan in regard to these matters are also
described in Note 3. The financial statements do not include any adjustments
that might result from the outcome of this uncertainty.


/s/ KURT D. SALIGER
-----------------------------------
Kurt D. Saliger C.P.A.
October 29, 1999
Las Vegas, Nevada

               5000 W. Oakey - Suite A-4 - Las Vegas, Nevada 89146
                    Phone: (702) 367-1988 Fax: (702) 870-8388


<PAGE>   4

                      COMBINED PROFESSIONAL SERVICES, INC.
                          (A Development Stage Company)
                                  BALANCE SHEET
                               SEPTEMBER 30, 1999

                                     ASSETS

<TABLE>
<S>                                                            <C>
CURRENT ASSETS
             Cash                                              $    654
             Accounts Receivable                               $      0
                                                               --------
              TOTAL CURRENT ASSETS                             $    654
                                                               --------

                                   TOTAL ASSETS                $    654
                                                               ========

                    LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
             Accounts Payable                                  $  4,815
                                                               --------
             TOTAL CURRENT LIABILITIES                         $  4,815

STOCKHOLDERS' EQUITY
              Common Stock, $.001 par value
              authorized 50,000,000 shares;
              issued and outstanding at
              September 30, 1999 2,200,000 shares              $    220

             Additional Paid In Capital                        $ 10,735
             Deficit Accumulated During Development Stage      ($15,116)
                                                               --------
             TOTAL STOCKHOLDERS' EQUITY                        ($ 4,161)
                                                               --------

                           TOTAL LIABILITIES AND
                          STOCKHOLDERS' EQUITY                 $    654
                                                               ========
</TABLE>

                 See accompanying notes to financial statements.


<PAGE>   5

                      COMBINED PROFESSIONAL SERVICES, INC.
                          (A Development Stage Company)
                             STATEMENT OF OPERATIONS
                      January 1, 1999 to September 30, 1999

<TABLE>
<CAPTION>
                                                         October 11, 1995
                          January 1, 1999                  (Inception)
                           to September                    to September
                             30, 1999                        30, 1999
                            -----------                    -----------
<S>                       <C>                            <C>
INCOME

Revenue                     $         0                    $    10,609
                            -----------                    -----------
TOTAL INCOME                $         0                    $    10,609


EXPENSES

General and
       Administrative       $     4,197                    $    25,725
                            -----------                    -----------
TOTAL EXPENSES              $     4,197                    $    25,725
                            -----------                    -----------
NET PROFIT (LOSS)           ($    4,197)                   ($   15,116)
                            ===========                    ===========

NET PROFIT (LOSS)
PER SHARE                   ($   0.0019)                   ($   0.0069)
                            ===========                    ===========


AVERAGE NUMBER OF
SHARES OF COMMON
STOCK OUTSTANDING             2,200,000                      2,200,000
                            ===========                    ===========
</TABLE>

              See accompanying notes to financial statements.


<PAGE>   6

                      COMBINED PROFESSIONAL SERVICES, INC.
                          (A Development Stage Company)
                        STATEMENT OF STOCKHOLDERS' EQUITY
                               September 30, 1999
<TABLE>
<CAPTION>
                                           Common Stock                                      (Deficit)
                                   ------------------------------                           Accumulated
                                      Number                             Additional            During
                                        of                                 Paid In          Development
                                      Shares            Amount             Capital             Stage
                                   -----------        -----------        -----------        -----------
<S>                                <C>                <C>                <C>                <C>
October 1995
issued for cash (Note 2)                49,000        $        49        $     1,051

Net Income, 10-11-95
(inception) to 12--31--95                                                                   $         0
                                   -----------        -----------        -----------        -----------
Balance, Dec. 31, 1995                  49,000        $        49        $     1,051        $         0

Net (Loss), 12--31--96                                                                      ($    1,100)
                                   -----------        -----------        -----------        -----------
Balance, Dec. 31, 1996                  49,000        $        49        $     1,051        ($    1,100)

Net Income, 12--31--97                                                                      $         0
                                   -----------        -----------        -----------        -----------
Balance, Dec. 31, 1997                  49,000        $        49        $     1,051        ($    1,100)

July 13, 1998
Treasury Stock                        (-29,000)       ($       29)       ($      116)

July 20, 1998
Forward Stock Split 100:1            2,000,000

August 11, 1998
Issued For Cash                        200,000        $       200        $     9,800

Net (Loss), 12--31--98                                                                      ($    9,819)
Net (Loss), 09--30--99                                                                      ($    4,197)
                                   -----------        -----------        -----------        -----------
Balance September 30, 1999           2,200,000        $       220        $    10,735        ($   15,116)
                                   ===========        ===========        ===========        ===========
</TABLE>

                 See accompanying notes to financial statements.


<PAGE>   7

                      COMBINED PROFESSIONAL SERVICES, INC.
                          (A Development Stage Company)
                             STATEMENT OF CASH FLOWS
<TABLE>
<CAPTION>
                                                       Oct. 11, 1995
                                   Jan. 1, 1999         (inception)
                                   to September         to September
                                     30, 1999             30, 1999
                                     --------             --------
<S>                                <C>                 <C>
CASH FLOWS FROM
FROM OPERATING ACTIVITIES
Net (Loss)                           $ (4,197)            $(15,116)
Accounts Receivable                  $  3,000             $      0
Accounts Payable                     $  1,765             $  4,815

CASH FLOWS FROM
FROM OPERATING ACTIVITIES
Issue common stock                   $      0             $ 11,100
Treasury stock                       $      0             $   (145)
                                     --------             --------

Net increase
(decrease) in cash                   $    568             $    654

Cash, Beginning
of Period                            $     86             $      0

                                     --------             --------
Cash, End
of Period                            $    654             $    654
                                     ========             ========
</TABLE>

                 See accompanying notes to financial statements.


<PAGE>   8

                      COMBINED PROFESSIONAL SERVICES, INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
               October 11, 1995 (inception) to September 30, 1999

NOTE 1 - ORGANIZATION AND ACCOUNTING POLICIES

        The Company was incorporated October 11, 1995 under the laws of the
State of Nevada. The Company was organized to engage in any lawful activity. The
Company currently has no operations and, in accordance with SFAS #7, is
considered a development stage company.

        The Company has not determined its accounting policies and procedures,
except as follows:

        1. The Company uses the accrual method of accounting.

        2. Earnings per share is computed using the weighted average number of
shares of common stock outstanding.

        3. The Company has not yet adopted any policy regarding payment of
dividends. No dividends have been paid since inception.

NOTE 2 - ISSUANCE OF COMMON STOCK

        The Company issued 49,000 shares of common stock for cash of $1,100 in
October, 1995. The Company also issued 200,000 shares of common stock for cash
of $10,000 in August 1998.

NOTE 3 - GOING CONCERN

        The Company's financial statements are prepared using the generally
accepted accounting principles applicable to a going concern, which contemplates
the realization of assets and liquidation of liabilities in the normal course of
business. However, the Company has no current source of revenue. Without
realization of additional capital, it would be unlikely for the Company to
continue as a going concern.

NOTE 4 - WARRANTS AND OPTIONS

        There are no warrants or options outstanding to acquire any additional
shares of common stock.

ITEM 2. MANAGEMENTS' DISCUSSION AND ANALYSIS

NOTE REGARDING PROJECTIONS AND FORWARD LOOKING STATEMENTS

This statement includes projections of future results and "forward looking
statements" as that term is defined in Section 27A of the Securities Act of 1933
as amended (the "Securities Act"), and Section 21E of the Securities Exchange
Act of 1934 as amended (the "Exchange Act"). All statements that are included in
this Registration Statement, other than statements of historical fact, are
forward looking statements. Although Management believes that the expectations
reflected in these forward looking statements are reasonable, it can give no


<PAGE>   9

assurance that such expectations will prove to have been correct. Important
factors that could cause actual results to differ materially from the
expectations are disclosed in this Statement, including, without limitation, in
conjunction with those forward looking statements contained in this Statement.

The Company was originally developed to provide secretarial services to other
companies. The Company was unable to secure financing to complete this endeavor,
and its original business plan was abandoned. The primary activity of the
Company currently involves seeking a company or companies that it can acquire or
with whom it can merge. The Company has not selected any company as an
acquisition target or merger partner and does not intend to limit potential
candidates to any particular field or industry, but does retain the right to
limit candidates, if it so chooses, to a particular field or industry. The
Company's plans are in the conceptual stage only.

The Board of Directors has elected to begin implementing the Company's principal
business purpose, described in Item 2 of the Second Amended Registration
Statement. As such, the Company can be defined as a "shell" company, whose sole
purpose at this time is to locate and consummate a merger or acquisition with a
private entity.

The proposed business activities described herein classify the Company as a
"blank check" company. Many states have enacted statutes, rules, and regulations
limiting the sale of securities of "blank check" companies in their respective
jurisdictions. Management does not intend to undertake any efforts to cause a
market to develop in the Company's securities until such time as the Company has
successfully implemented its business plan.

The Company's business is subject to numerous risk factors, including the
following:

NO OPERATING HISTORY OR REVENUE AND MINIMAL ASSETS. The Company has had no
operating history and has received no revenues or earnings from operations. The
Company has no significant assets or financial resources. The Company will, in
all likelihood, sustain operating expenses without corresponding revenues, at
least until it completes a business combination. This may result in the Company
incurring a net operating loss which will increase continuously until the
Company completes a business combination with a profitable business opportunity.
There is no assurance that the Company will identify a business opportunity or
complete a business combination.

SPECULATIVE NATURE OF COMPANY'S PROPOSED OPERATIONS. The success of the
Company's proposed plan of operation will depend to a great extent on the
operations, financial condition, and management of the identified business
opportunity. While management intends to seek business combinations with
entities having established operating histories, it cannot assure that the
Company will successfully locate candidates meeting such criteria. In the event
the Company completes a business combination, the success of the Company's
operations may be dependent upon management of the successor firm or venture
partner firm together with numerous other factors beyond the Company's control.

<PAGE>   10
                                     PART II
                                OTHER INFORMATION


ITEM 1.           LEGAL PROCEEDINGS

         Inapplicable/None.

ITEM 2.           CHANGES IN SECURITIES

         Inapplicable/None.

ITEM 3.           DEFAULTS UPON SENIOR SECURITIES

         Inapplicable/None.

ITEM 4.           SUBMISSION OF MATTER TO A VOTE OF SECURITY HOLDERS



         Inapplicable/None.

ITEM 5.           OTHER INFORMATION

         Inapplicable/None.

ITEM 6.           EXHIBITS AND REPORTS ON FORM 8-K

A.       EXHIBITS

<TABLE>
<CAPTION>
         Exhibit Number             Status           Title
         --------------             ------           -----
<S>                                 <C>              <C>
         3(I)                       (*)              Articles of Incorporation
         3(ii)                      (*)              By-laws
         10                         (*)              Material Contracts
         23                         (*)              Consents of Experts and Counsel
[Prior]
         23                         (**)             Consents of Experts and Counsel
[Current]
         24                         (**)             Power of Attorney
         27                         (**)             Financial Data Schedule
</TABLE>

------------------

(*)      Previously provided as an exhibit to the Company's Form 10SB.

(**)     Provided herewith.

B.       REPORTS ON FORM 8-K

         None.

<PAGE>   11
                                   SIGNATURES

        In accordance with the requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

                                       COMBINED PROFESSIONAL SERVICES, INC.

                                       By:  /s/ CATHY SOUERS
                                          ------------------------------------
                                                Cathy Souers
                                                Its President

February 22, 2000