<PAGE>   1
                        SECURITIES & EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 1O-QSB


(X)      Quarterly Report Pursuant to Section 13 or 15(d) of the Securities
         Exchange Act of 1934

         For the quarterly period ended June 30, 2000.
                                       or

( )      Transition Report Pursuant to Section 13 or 15(d) of the Securities
         Exchange Act of 1934

         For the transition period from              to
                                        ------------    ------------

                          Commission File No. 0-26665

                         WINNERS INTERNET NETWORK, INC.
                       (Name of registrant in its charter)

         NEVADA                                        91-1844567
         (State of incorporation)         (I. R. S. Employer Identification No.)

         145 OVIEDO STREET
         ST. AUGUSTINE, FLORIDA                           32084

(Address of principal executive offices)                (zip code)

                                  (904)824-7447
               (Registrant's telephone number including area code)

                       GLENNAIRE FINANCIAL SERVICES, INC.
            (Former name of registrant, if changed since last report)
                          3158 REDHILL AVE., SUITE 240
                          COSTA MESA, CALIFORNIA 92626
          (Former address of registrant, if changed since last report)

Indicate by check mark whether the Registrant (1) had filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 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 X  No
                                      ---   ---

The number of shares outstanding of Registrant's common stock, par value $.001
per share, as of June 30, 2000 were 20,684,339 common shares.



<PAGE>   2




                         PART 1 - FINANCIAL INFORMATION

ITEM I.  Financial Statements



                         WINNERS INTERNET NETWORK, INC.

                              FINANCIAL STATEMENTS

                     FOR THE SIX-MONTHS ENDED JUNE 30, 2000


                                   (UNAUDITED)

<PAGE>   3

                         WINNERS INTERNET NETWORK, INC.
                                 Balance Sheet
                                  (Unaudited)


<TABLE>
<CAPTION>
                                                           Six-Months        Year
                                                              Ended          Ended
                                                          June 30, 2000  Dec. 31, 1999
                                                          -------------  -------------
<S>                                                       <C>             <C>
ASSETS:

Current Assets:
    Cash in Bank                                           $    84,016         32,961
    Accounts Receivable                                        357,000        548,912
                                                           -----------    -----------

        Total current assets                                   441,016        581,873

Fixed Assets:
    Software                                                 4,300,000        516,138
    SupraNet AG                                                116,250             --
    Glennaire Financial Services                               157,864             --
    Equipment                                                   84,289         84,289
    Furniture & Fixtures                                         4,489          4,489
    Vehicle                                                     44,500         44,500
                                                           -----------    -----------
       Less Depreciation                                      (491,563)      (100,276)
                                                           -----------    -----------

        Total fixed assets                                   4,215,829        549,140


        Total assets                                       $ 4,656,845    $ 1,131,013
                                                           ===========    ===========

LIABILITIES AND STOCKHOLDERS EQUITY
Current liabilities:
    Accounts payable & Accrued Payables                    $    11,544    $   174,507
    Loan Payable                                                69,000             --
    Note Payable - Ford Credit                                  10,090         10,788
                                                           -----------    -----------

        Total current liabilities                               90,634        185,295

Stockholders' equity
    Common Stock, par value $0.001: 50,000,000 shares
      authorized;  20,684,339 shares issued and
      outstanding for 2000, and 15,116,355 shares issued        20,684         15,991
      and outstanding for 1999
    Additional Paid-In Capital                               5,600,270      2,948,093
    Accumulated Deficit                                     (1,054,743)    (2,018,366)
                                                           -----------    -----------

        Total stockholders' equity                           4,566,211        945,718

        Total liabilities & stock equity                   $ 4,656,845    $ 1,131,013
                                                           ===========    ===========
</TABLE>


    The accompany notes are an integral part of these financial statements.

<PAGE>   4


                         WINNERS INTERNET NETWORK, INC.
                             Statement of Operations
                        For the Six-Months Ended June 30
                                  (Unaudited)

<TABLE>
<CAPTION>
                                          2000         1999
                                          ----         ----
<S>                                   <C>            <C>
REVENUE:

   Processing Income                  $   160,613   $   804,265
   Other Income                            10,901            --
   Lease of Software                    3,000,000         5,000
                                      -----------   -----------

TOTAL REVENUE                           3,171,514       809,265

EXPENSES:
   Bank Charges                       $     4,538   $       187
   Commission                              26,000        12,500
   Consulting Fees                         61,887         9,600
   Contract Services                       35,565        16,200
   Depreciation Expense                   430,000            --
   Dues & Subscriptions                        --            60
   Insurance                               23,331         2,761
   Internet                                 1,931        16,300
   Marketing                            1,269,467            --
   Meals & Entertainment                       --            --
   Miscellaneous Expense                    6,037
   Office Expenses                          3,008           420
   Postage & Freight                        1,686           494
   Professional & Legal Fees               44,230        21,316
   Rent                                    36,889        18,838
   Rent of Equipment                        9,696           426
   Repairs                                    938            --
   Security                                   222           111
   Taxes & Payroll Taxes                   17,680         9,823
   Telephone                               19,556        11,516
   Travel                                   3,651        32,581
   Utilities                                1,258         6,353
   Wages                                  210,321       111,823
                                      -----------   -----------

TOTAL EXPENSES                          2,207,891       271,309
                                      -----------   -----------

NET PROFIT                            $   963,623   $   537,956
                                      ===========   ===========

NET PROFIT PER COMMON STOCK           $      0.06   $      0.04
                                      -----------   -----------

WEIGHTED AVERAGE SHARES OUTSTANDING    16,644,626    14,898,551
                                      -----------   -----------
</TABLE>

    The accompany notes are an integral part of these financial statements.

<PAGE>   5

                         WINNERS INTERNET NETWORK, INC.
                             Statement of Cash Flow
                        For the Six-Months Ended June 30
                                  (Unaudited)


<TABLE>
<CAPTION>
                                                       2000           1999
                                                       ----           ----
<S>                                                <C>            <C>
CASH FLOW FROM OPERATING ACTIVITIES:
   Net Income                                      $   963,623    $   537,956
   Depreciation                                        430,000        (43,713)

CHANGES IN ASSETS & LIABILITIES:
   GGLS Payable                                             --       (250,000)
   Accounts Payable                                    162,963        313,273
   Accounts Receivable                                 (68,637)
   Accrued Expenses                                         --            (27)
   Notes Payable - Ford Credit                              --          1,210
   Prepaid Expenses                                         --         (3,700)
                                                   -----------    -----------

NET CASH PROVIDED BY OPERATING ACTIVITIES            1,487,949        554,999

CASH FLOWS USED FOR INVESTING ACTIVITIES:
   Capital Expenditure                              (4,057,976)        (1,512)
                                                   -----------    -----------
NET CASH USED FOR INVESTING ACTIVITIES              (4,057,976)        (1,512)

CASH FLOWS FROM FINANCING ACTIVITIES
   Proceeds from Loan                                   69,000             --
   Issuance of Ordinary Shares                       2,652,177       (311,645)
                                                   -----------    -----------
NET CASH PROVIDED BY FINANCING                       2,652,177       (311,645)

NET CASH IN CASH & CASH EQUIVALENTS                     82,150        241,842
CASH & CASH EQUIVALENTS AT BEGINNING OF PERIOD           1,866         28,857
                                                   -----------    -----------
CASH & CASH EQUIVALENTS AT END OF PERIOD           $    84,016    $   270,699
                                                   ===========    ===========

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
CASH PAID DURING THE YEAR FOR:
   Interest                                                 --             --
   Income Taxes                                             --             --
</TABLE>


    The accompany notes are an integral part of these financial statements.

<PAGE>   6


<TABLE>
<CAPTION>
                                                                        Additional   Accumulated    Total
                                                COMMON STOCKS            Paid-In      Earnings   Stockholders'
                                            Shares           Amount      Capital      (Deficit)     Equity
                                            ------           ------     ---------    ---------    ----------
<S>                                         <C>          <C>           <C>         <C>            <C>
Davki Agency Ltd., Inc. Merger                8,000,000        8,000      359,287     (367,287)           --

Comstock/Empire International, Inc. Merger      294,944          295      703,373     (703,668)           --

Issuance of Stock for Cash & Services         2,539,912        2,540      110,160           --       112,700

Net Deficit 12/31/97                                 --           --           --     (111,918)     (111,918)
                                             ----------   ----------   ----------   ----------    ----------

Balance December 31, 1997                    10,834,856       10,835    1,172,820   (1,182,873)          782
                                             ==========   ==========   ==========   ==========    ==========

Issuance of Stock for Services                  500,000          500       49,500           --        50,000

Issuance of Stock for Cash                    1,000,000        1,000      299,000           --       300,000

Issuance of Stock for Cash                      500,000          500      199,500           --       200,000

Issuance of Stock for Services                  500,000          500       24,500           --        25,000

Issuance of Stock for Cash                      550,000          550      219,450           --       220,000

Issuance of Stock for Cash                      285,000          285       99,465           --        99,750

Issuance of Stock for Services                   21,358           21       10,658           --        10,679

Issuance of Stock for Services                  500,000          500       24,500           --        25,000

Issuance of Stock for Cash                      100,000          100       99,900           --       100,000

Issuance Correction (Comstock Merger)               141           --           --           --            --

Net Deficit 12/31/98                                 --           --           --     (840,560)     (840,560)
                                             ----------   ----------   ----------   ----------    ----------

Balance December 31, 1998                    14,791,355       14,791    2,199,293   (2,023,433)      190,651
                                             ==========   ==========   ==========   ==========    ==========

Issuance of Stock for Cash                      100,000          100       99,900           --       100,000

Issuance of Stock for Cash                      225,000          225      202,275           --       202,500

Issuance of Stock for Services                   10,000           10        7,488           --         7,498

Issuance Correction (Comstock Merger)             1,350            2           --           --             2

Issuance of Stock for Cash                      400,000          400      219,600           --       220,000

Issuance of Stock for Cash                      315,789          316      149,684           --       150,000

Issuance of Stock for Cash                       147369          147       69,853           --        70,000

Net Profit 12/31/99                                  --           --           --        5,067         5,067
                                             ----------   ----------   ----------   ----------    ----------

Balance December 31, 1999                    15,990,863       15,991    2,948,093   (2,018,366)      945,718
                                             ==========   ==========   ==========   ==========    ==========

Issuance of Stock for Services                1,632,500        1,632      965,326           --       966,958

Issuance of Stock for Cash                      100,000          100      299,900           --       300,000

Issuance of Stock for Cash                       27,000           27       13,473           --        13,500

Issuance of Stock for Services                   28,600           29       21,518           --        21,547

Issuance of Stock for Services                   10,000           10        2,990           --         3,000

Issuance of Stock for Services                  300,000          300       83,700           --        84,000

Issuance of Stock for Asset                   1,523,926        1,524      998,476           --     1,000,000

Issuance of Stock for Cash                      375,000          375      259,625           --       260,000

Issuance of Stock for Acquisition               686,480          686        6,179           --         6,865

Issuance of Stock for Acquisition                10,000           10          990           --         1,000

Net Profit 6/30/2000                                 --           --           --      963,623       963,623
                                             ----------   ----------   ---------- ------------    ----------

Balance June 30, 2000                        20,684,369   $   20,684   $5,600,270 $ (1,054,743)   $4,566,211
                                             ==========   ==========   ========== ============    ==========
</TABLE>


     The accompany notes are an integral part of these financial statements.



<PAGE>   7

                         WINNERS INTERNET NETWORK, INC.
                          Notes to Financial Statements
                                  June 30, 2000
                                   (Unaudited)



NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

ORGANIZATION:

On July 14, 1997, Winners Internet Network, Inc. (WIN) was incorporated under
the laws of Nevada. The Company's fiscal year end is December 31. On July 15,
1997 Winners Internet Network, Inc. and Comstock-Empire International, Inc., a
Washington Corporation merged pursuant to 368(a)(1)(A) and 368(a)(1)(F) of the
Internal Revenue Code of 1986 as amended. Comstock-Empire merged into WIN,
acquiring all issued and outstanding shares of Comstock-Empire for and in
exchange for 294,944 shares of WIN common stock. On July 31, 1997 Winners
Internet Network, Inc. and Davki Agency LTD, Inc., a Delaware Corporation,
merged in a plan of reorganization. WIN acquired all issued and outstanding
shares of Davki Agency LTD, Inc. for and in exchange of 8,000,000 shares of WIN
common stock. This stock transfer is pursuant to 368(a)(1)(B) of Internal
Revenue code of 1986 as amended, as a tax-free exchange. The Davki Agency LTD,
Inc. became a wholly owned subsidiary of WIN. Both entities were acquired by the
purchase method and all inter-company transactions were eliminated in the
acquisition. The impact of these acquisitions was not material in relation to
the Company's results of operations. The company is primarily engaged in the
operation of an Internet E-Commerce enterprise. The Company made an Agreement
and Plan to Reorganization with Glennaire Financial Services, Inc. as of May 9,
2000. This is to be an acquisition by the Purchase Method of Accounting. The
agreement is for the exchange of 1,000,000 common shares, which represents all
of Glennaire's outstanding shares of common stock, for 10,000 shares of Winners
Internet Network.

CAPITAL STOCK TRANSACTIONS:

The authorized capital stock of the corporation is 20,000,000 shares of common
stock with a par value of $.001. On March 17, 1998 the authorized capital stock
of the corporation was increased to 50,000,000 shares of common stock.

CASH AND CASH EQUIVALENTS:

The Company considers all highly liquid debt instruments, purchased with an
original maturity of three-months, to be cash equivalents.


<PAGE>   8

                         WINNERS INTERNET NETWORK, INC.
                          Notes to Financial Statements
                                  June 30, 2000
                                   (Unaudited)
PROPERTY AND EQUIPMENT:

Property and equipment is stated at cost. The cost of ordinary maintenance and
repairs is charged to operations while renewals and replacements are
capitalized. Depreciation is figured on a straight-line basis as follows:

<TABLE>
<S>                                                   <C>
         Computer Software                             5 years
         Equipment                                     5 years
         Furniture & Fixtures                         10 years
         Vehicle                                       7 years
</TABLE>

REVENUE RECOGNITION:

Revenue is recognized when earned and expenses are recognized when they occur.

USE OF ESTIMATES:

The preparation of financial statements, in conformity with generally accepted
accounting principles, requires management to make estimates and assumptions
that affect the reported amounts and disclosures. Accordingly, actual results
could differ from those estimates.

NOTE 2 - FEDERAL INCOME TAXES:

Significant components of the Company's deferred tax liabilities and assets are
as follows:

<TABLE>
<S>                                                                 <C>
Deferred Tax Liability                                              $         0
                                                                    ===========
Deferred Tax Assets
         Net Operating Loss Carryforwards                           $   624,743
         Book/Tax Differences in Bases of Assets                        491,563
         Less Valuation Allowance                                    (1,116,306)
                                                                    -----------
Total Deferred Tax Assets                                           $         0
                                                                    ===========
Net Deferred Tax Liability                                          $         0
                                                                    ===========
</TABLE>

As of June 30, 2000, the Company had a net operating loss carryforward for
federal tax purposes approximately equal to the accumulated deficit recognized
for book purposes, which will be available to reduce future taxable income. The
full realization of the tax benefit associated with the carryforward depends
predominantly upon the Company's ability to generate taxable income during the
carryforward period. Because the current uncertainty of realizing such tax
assets in the future, a valuation allowance has been recorded equal to the
amount of the net deferred tax asset, which caused the Company's effective tax
rate to differ from the statutory income tax rate. The net operating loss
carryforward, if not utilized, will begin to expire in the year 2010.


<PAGE>   9



ITEM 2.  Managements Discussion and Analysis of Financial Condition and Results
         of Operations.

         The following discussion contains forward-looking statements regarding
our Company, its business, prospects and results of operations that are subject
to certain risks and uncertainties posed by many factors and events that could
cause our actual business, prospects and results of operations to differ
materially from those that may be anticipated by such forward-looking
statements. Factors that may affect such forward-looking statements include,
without limitation: our ability to successfully develop new products for new
markets; the impact of competition on our revenues, changes in law or regulatory
requirements that adversely affect or preclude clients from using our products
for certain applications; delays our introduction of new products or services;
and our failure to keep pace with emerging technologies.

         When used in this discussion, words such as "believes", "anticipates",
"expects", "intends" and similar expressions are intended to identify
forward-looking statements, but are not the exclusive means of identifying
forward-looking statements. Readers are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date of this
report. Our Company undertakes no obligation to revise any forward-looking
statements in order to reflect events or circumstances that may subsequently
arise. Readers are urged to carefully review and consider the various
disclosures made by us in this report and other reports filed with the
Securities and Exchange Commission that attempt to advise interested parties of
the risks and factors that may affect our business.

Results of Operations

         Our revenues increased from $809,265 for the six months ended June 30,
1999 to $3,171,514 for the six months ended June 30, 2000. The increase was
primarily the result of continuing revenues from our lease of software to
Intertreuhand, AB. Our transaction processing revenue decreased during this
period.

         Expenses include all direct and indirect costs incurred in our
business. The difference between our gross revenues and expenses is our net
profit.

         Our expenses were $2,207,891 for the six months ended June 30, 2000
compared to $537,956 for the six months ended June 30, 1999. The major
components of expenses are


<PAGE>   10


marketing, office salaries and associated payroll costs, general and health
insurance costs, rent and telephone expenses.

         Our expenses included extraordinary marketing expenses of $1,269,467,
which represent payments of restricted common stock to entities who are
developing a marketing campaign in the European and South American marketplaces.
The goal of this marketing campaign is to increase our client base.

         We had a net profit from operations of $963,623 for the six months
ended June 30, 2000, or $0.06 per shares, compared to a net profit of $537,956,
or $0.04 per share, for the six months ended June 30, 1999. This profit comes as
a result of additional income from the lease of software.

         While our revenues were significantly higher for the first half of 2000
as compared to the first half of 1999, our expenses, particularly our marketing
expenses, continue to be much higher. We believe that we will continue to see an
increase in revenue as the fiscal year progresses, primarily from this lease of
software. However, we do not expect to have the same level of marketing expenses
for the next fiscal quarter. Although we are profitable, it is too early to know
whether or not we will be profitable this year.

Liquidity and Capital Resources

         Cash at the end of the period decreased to $84,016 for the six months
ended June 30, 2000, compared to $270,699 for the six months ended June 30,
1999.

         Accounts receivable decreased for the six months ended June 30, 2000 to
$357,000 compared to $921,718 change for the six months ended June 30, 1999.

         Prepaid Expenses went to zero for the six months ended June 30, 2000,
compared to negative $3,700 for the six months ended June 30, 1999.

         Accounts payable increased for the six months ended June 30, 2000 to
$11,544, compared to $313,273 for the six months ended June 30, 1999.

         We had capital expenditures of $4,057,976 for the six months ended June
30, 2000, which involved upgrading our internet capabilities to service our
increased client base and the purchase of The Plus Network. We expect to have
continuing expenditures for upgrading our capabilities for the remainder of this
fiscal year.

         We were profitable for the first half of 1999 and 2000. We feel that we
are more solid financially as a company this year compared to last year. Our
primary activity will be to seek to expand our client base and, consequently,
our revenues.


<PAGE>   11



                           PART II- OTHER INFORMATION

ITEM 1.  Legal Proceedings

         No legal proceedings of a material nature to which we are a party were
pending during the reporting period, and we know of no legal proceedings of a
material nature pending or threatened or judgments entered against any of our
directors or officers in his capacity as such.


ITEM 2.  Changes in Securities and Use of Proceeds.  None.
ITEM 3.  Defaults upon Senior Securities.  None.
ITEM 4.  Submission of Matters to a Vote of Security Holders.  None
ITEM 5.  Other Information. None.
ITEM 6.  Exhibits and Reports on Form 8-K.

         Exhibit No. 27.1- Financial Data Schedule

          No reports on Form 8-K were filed as of the fiscal quarter.


<PAGE>   12


                                   SIGNATURES

         In accordance with Section 13 or 15(d) of the Securities Exchange Act
of 1934, the Registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.



                                  WINNERS INTERNET NETWORK, INC.



Dated: August 17, 2000                 By: /s/ David C. Skinner, Jr.
                                           President and Chief Financial Officer


<PAGE>   13


                                 EXHIBIT INDEX


<TABLE>
<CAPTION>
EXHIBIT
NUMBER                        DESCRIPTION
-------                       -----------
<S>                    <C>
 27.1                  Financial Data Schedule
</TABLE>