<PAGE>


         SECURITIES AND EXCHANGE COMMISSION
                                              Washington, D.C. 20549

                                                    Form 10-QSB

                                                    (Mark One)
                                    X QUARTERLY REPORT UNDER SECTION 13 OR 15(d)
                                      OF THE SECURITIES EXCHANGE ACT OF 1934

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

                                       (For the Quarter ended June 30, 1996)

                                        Commission File Number 033-19522-NY

                       Genisys Reservation Systems, Inc. And Subsidiary
                                          (formerly Robotic Lasers, Inc.) 
                   (Exact Name of registrant as specified in its charter) 
                                               New Jersey 22-2719541 
                       (State or other jurisdiction of (I.R.S. employer 
                         incorporation or organization) Identification no.) 

                                       2401 Morris Avenue, New Jersey 07083 
                      (Address of principal executive offices) (Zip Code) 
                                                  (908) 810-8767 
                                  Issuer's Telephone Number including Area Code 


  Check whether the issuer: (1) filed all reports required to be filed by 
Section 13 or 15(d) of the Securities 
       Exchange Act of 1934 during the past 12 months (or for such shorter 
periods 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 

                            APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY 
                               PROCEEDINGS DURING THE PRECEDING FIVE YEARS 

  Check whether the registrant filed all documents and reports required to be
 filed by Section 12, 13 or 15(d) 
           of the Exchange Act after the distribution of securities under a 
plan confirmed by a court. 

                                                      Yes No 

                                       APPLICABLE ONLY TO CORPORATE ISSUERS 

    State the number of shares outstanding of each of the issuer's classes of
 common equity, as of the latest 
      practicable date: As of June 30, 1996: 2,834,866 shares of Common Stock
 (as adjusted for stock split) 

                  Transitional Small Business Disclosure Format (check one) 

                                                     Yes X No 

                                

<PAGE>






                             GENISYS RESERVATION SYSTEMS, INC. AND SUBSIDIARY
                                          (formerly Robotic Lasers, Inc.)
                                         ( A development Stage Enterprise)

                                       CONSOLIDATED STATEMENTS OF OPERATIONS
                                           DURING THE DEVELOPMENT STAGE
                                                    (unaudited)

                                                               
                                            Six Months            Six  Months
                                              Ended                  Ended   
                                            June 30, 1996        June 30, 1995
                                            -------------         -------------


REVENUES AND EXPENSES DURING
      THE DEVELOPMENT STAGE
           Revenue                          $        --          $     -- 
                                             ---------------   ---------------

           Expenses -
           General and Administrative          422,428             128,311
           Depreciation and Amortization         41,669                381
           Interest Expense                      48,493              6,110
                                            -----------          ------------- 
                                               512,590             134,802     
                                            ----------            -----------  

NET (LOSS) INCURRED DURING
     THE DEVELOPMENT STAGE                  ($512,590)            ($ 134,802)
                                            ==========            =========== 

NET (LOSS) INCURRED
     PER COMMON SHARE                       ($    .18    )        ($    .05  )


WEIGHTED AVERAGE NUMBER OF
     COMMON SHARES OUTSTANDING               2,825,455             2,534,772
                                            ===========          =============



                                                                 From Inception
                      Three Months      Three Months              March 7, 1994
                      Ended                 Ended                    Through
                     June 30, 1996     June 30, 1995             June 30, 1996



REVENUES AND
EXPENSES DURING
THE DEVELOPMENT
 STAGE
         Revenue     $       --        $        --               $      --
                   

Expenses -
General and 
 Administrative         243,569                 64,155              960,919
Depreciation and  
 Amortization            23,007                     191              59,476
Interest Expense         26,345                   3,055               85,015
                    ------------      -----------------         ------------
                        292,921                 67,401           1,105,410
                    -----------       ----------------          ----------

NET (LOSS) 
INCURRED DURING
THE DEVELOPMENT 
 STAGE                ($292,921)         ($      67,401)          (1,105,410)
                       ==========        ================          ===========

NET (LOSS) 
INCURRED
 PER COMMON SHARE      ($    .10    )    ($      .03        )      ($     .42 )


WEIGHTED AVERAGE 
NUMBER OF
COMMON SHARES 
OUTSTANDING            2,834,850            2,534,772                2,636,254
                       ==========        =================         ===========



                         See Accompanying Notes to Financial Statements

                                                         3

<PAGE>



                          GENISYS RESERVATION SYSTEMS, INC. AND SUBSIDIARY
                                    (formerly Robotic Lasers, Inc.)
                                      A Development Stage Enterprise
                                      CONSOLIDATED BALANCE SHEETS


                                      June                      December
                                      30, 1996                  31, 1995
                                     --------                  --------
                                   (unaudited)

                                                      ASSETS

CURRENT ASSETS
Cash and cash equivalents          $ 396,928                 $    22,613
        Prepaid Expenses                 523                        703
                                    ------------             --------------
         Total Current Assets         397,451                      23,316

EQUIPMENT, NET OF ACCUMULATED
DEPRECIATION OF $58,942 
 and $17,393                          419,663                    302,381

OTHER ASSETS
       Deposits and Other              28,847                     26,988
                                    -----------               ------------
                                    $ 845,961                 $  352,685
                                    ---------                 ----------

                   LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY)

LIABILITIES:
Notes Payable - private investors    $ 750,000                 $  650,000
Accounts Payable and accrued 
 expenses                               231,739                      98,012
Current portion of obligation under
 computer equipment lease                65,367                     45,012
Accrued interest payable - private
 investors                              63,973                     28,096
Accrued consulting fees - officer       40,500                       ---
Loans and advances from related
 parties                               51,023                     19,126
Payroll taxes payable                       ---                    10,000
                                    ---------------            -----------
Total current liabilities            1,202,602                     850,246

Long-term portion of obligation under
    computer equipment lease            78,256                     89,746
Loans payable                          563,500                        ---
Convertible notes payable               30,000                       ---
                                     -----------                ----------
                                     1,874,358                     939,992
                                     ---------                  ----------

STOCKHOLDERS' EQUITY (DEFICIENCY):
Preferred Stock, $.0001 Par Value:
 25,000,000 shares Authorized;
 None Outstanding Common Stock, 
$.0001 Par Value; 75,000,000
Shares Authorized; 2,834,866 and 
2,804,866 Shares Issued and
 Outstanding                              283                       280
Paid in Capital                       76,730                      5,233
Deficit Accumulated During
 the Developmental Stage              (1,105,410)                 ( 592,820)
                                    -----------                 ---------
                                    (1,028,397)                 ( 587,307)
                                      ----------                 ---------

                                      $  845,961                 $ 362,685
                                       ==========                 =========



                        See Accompanying Notes to Financial Statements
                                                         2

<PAGE>




                            GENISYS RESERVATION SYSTEMS, INC. AND SUBSIDIARY
                                          (formerly Robotic Lasers, Inc.)
                                         (A Development Stage Enterprise)
                                  CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY
                                                    (Unaudited)


                                                                       Deficit
                                                                   Accumulated
                                                 Additional          During The
                              Common Stock         Paid-In          Development
                      Total     Shares     Value    Capital             Stage


BALANCE - DECEMBER 
31, 1995          ($587,307)   2,804,866   $280    $  5,233         ($592,820)

PROCEEDS FROM ISSUANCE
OF COMMON STOCK      60,000      30,000       3      59,997

PROCEEDS FROM ISSUANCE
     OF WARRANTS     11,500                          11,500

NET (LOSS) FOR THE
SIX MONTHS ENDED
JUNE 30, 1996     ( 512,590)       --         --      --             ( 512,590)
                  --------         ----------------  --------   --------------


BALANCE - JUNE
 30, 1996       ($1,028,397)    2,834,866   $283     $ 76,730      ($1,105,410)
                 ===========      =========         ----             --------   



                         See Accompanying Notes to Financial Statements


                                                         4

<PAGE>


                          GENISYS RESERVATION SYSTEMS, INC. AND SUBSIDIARY
                                          (formerly Robotic Lasers, Inc.)
                                         (A Development Stage Enterprise)
                                       CONSOLIDATED STATEMENT OF CASH FLOWS
                                                    (unaudited)


                                                                From Inception
                                                                 March 7, 1994
                        Six Months Ended     Six Months Ended        Through
                        June 30,                June                 June 30,
                        1996                   1995                     1996


CASH FLOWS FROM
OPERATING ACTIVITIES
     Net (Loss)         ( $512,590)         ( $134,802)          ($1,105,410)
Adjustment to Reconcile 
Net (Loss) to Cash
Flows from Operating
 Activities:
Depreciation and 
Amortization               41,669                   381               59,476
Common Stock issued
 for services rendered       --                      9,600           19,600
Changes in operating
 assets and liabilities:
Other Assets               (1,979)              (   243,255)         (29,381)
Accounts Payable and
 Accrued Expenses         164,227                    21,085          258,152
Prepaid Expenses             180                    ( 1,867)          ( 523)
Accrued Interest Payable   35,877                     --              63,973
                         ----------          --------------------------------


NET CASH FLOWS FROM
OPERATING ACTIVITIES    ( 272,616)                ( 348,858)        ( 734,113)
                        -------------        --------------   --------------

CASH FLOWS FROM 
INVESTING ACTIVITIES
Acquisition of 
 Equipment              ( 158,831)                 --                ( 478,605)
               --------------         --------------------        -------------

CASH FLOWS FROM 
FINANCING ACTIVITIES
Proceeds from Issuance 
 of Notes Payable         100,000                    360,000           750,000
Payments under Computer
 Equipment Lease         (16,252)                      --             ( 25,976)
Proceeds from sale and 
 lease-back               25,117                       --              169,599
Proceeds from Issuance
 of Common Stock          60,000                        --              60,000
Advances from related 
 parties                  31,897                       --              51,023
Proceeds from issuance
 of Notes Payable
 and Related Warrants    575,000                        --            575,000
Proceeds from issuance 
of Convertible Notes 
 Payable                  30,000                       --              30,000
                   --------------               -----------------------------

NET CASH FLOWS FROM
FINANCING ACTIVITIES     805,762                      360,000       1,609,646
                         -------------          ---------------  -----------

NET INCREASE IN CASH      374,315                     11,142          396,928

CASH - BEGINNING OF
 PERIOD                   22,613                         5           --
                         -------------         ------------------------------

CASH - END OF PERIOD   $  396,928                    $11,147        $ 396,928
                        =============            ==============    ===========


SUPPLEMENTAL CASH FLOW
 INFORMATION
     Interest paid     $     13,084                 $    --      $     21,510
                             ============     =============================
Net liabilities assumed
 in reverse acquisition  $       --              $        --      $     14,087
                         =================       =============================

                           See Accompanying Notes to Financial Statements

                                                         5

<PAGE>



                             GENISYS RESERVATION SYSTEMS, INC. AND SUBSIDIARY
                                          (formerly Robotic Lasers, Inc.)
                                         (A Development Stage Enterprise)
                                    NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                                    (unaudited)

Note 1            Basis of Presentation

                  The  consolidated  balance  sheet at the end of the  preceding
fiscal  year has  been  derived  from the  audited  consolidated  balance  sheet
contained  in the  Company's  Form  10-KSB  and  is  presented  for  comparative
purposes.  All other  financial  statements  are  unaudited.  In the  opinion of
management,  all  adjustments  which include only normal  recurring  adjustments
necessary to present  fairly the financial  position,  results of operations and
cash flows of all periods  presented  have been made.  The results of operations
for interim periods are not necessarily  indicative of the operating results for
the full year.

                  Footnote disclosures normally included in financial statements
prepared in accordance with the generally  accepted  accounting  principles have
been omitted in  accordance  with the  published  rules and  regulations  of the
Securities and Exchange  Commission.  These  consolidated  financial  statements
should be read in  conjunction  with the financial  statements and notes thereto
included in the Company's Form 10-KSB for the most recent fiscal year.

Note 2            Activities of the Company

                  The  Company  is in the  development  stage  and  has  not yet
generated any revenues from  operations.  The Company's funds have been provided
from Loeb  Holding  Corporation,  LTI  Ventures  Leasing  Corporation,  and from
certain private offerings.

                  As  reflected  in  the  accompanying   consolidated  financial
statements,  the Company has incurred net losses of $1,105,410  since inception,
and at June 30,  1996,  had a working  capital  deficiency  of  $805,151.  These
factors,  among  others,  indicate  that if the  Company  is  unable  to  secure
additional  financing,   it  may  be  unable  to  continue  in  existence.   The
accompanying financial statements do not include any adjustments relating to the
recoverability  and  classification of recorded asset amounts or the amounts and
classification  of  liabilities  that might be  necessary  should the Company be
unable to continue in existence.

Note 3            Long-Term Debt

                  On September 5, 1995, the Company and Loeb Holding  Corp.,  as
agent,  (Loeb)  signed an agreement  whereby Loeb  purchased  841,455  shares of
Common Stock of the Company.  In consideration  for the sale of the stock,  Loeb
agreed to loan the  Company  up to a maximum of  $500,000  as  evidenced  by two
Promissory  Notes  dated  September  5,  1995,  one in the  principal  amount of
$475,000 and the other in the principal amount of $25,000.

                  The  principal  amount of the $475,000 note is to be repaid in
12 equal quarterly payments commencing two (2) years from the date of said note.
Prepayments may be made at any time without penalty.  Interest is accrued at the
rate of nine  percent  (9%)  per  annum  and  interest  payments  are to be made
quarterly at the end of each calendar quarter, or at such earlier date that this
Note  becomes  due and  payable as a result of  acceleration,  prepayment  or as
otherwise  provided  herein.  Interest shall begin to run from the date that the
monies  are or were  advanced  to the Maker.  On March 31,  1996,  all  interest
accrued  through  that  date  was  calculated  and was to be paid in four  equal
installments on March 31, 1996,  June 30, 1996,  September 30, 1996 and December
31, 1996. In addition,  the first  quarterly  interest  payment shall be made on
March 31, 1996,  for interest due for the first  quarter of 1996,  and quarterly
interest  payments shall be made thereafter on March 31st, June 30th,  September
30th and December 31st of each year.

                                                         6

<PAGE>



                  The Promissory Note for $25,000  accrues  interest at the rate
of nine percent (9%) per annum payable  quarterly and is convertible at the sole
option of the holder into a maximum of an additional 30% of the common shares of
the Company determined by a sliding scale based on the audited pretax profits of
the Company  during the second and third years of operations of the Company on a
sliding  scale  based  upon the  Company  achieving  between  50% and 80% of the
projections provided to Loeb. (Example: If the Company achieves 80% or better of
projection,  no conversion;  if the Company  achieves 50% or less of projection,
conversion into 30% of the Company;  if the Company achieves between 50% and 80%
of projection,  the note is convertible  into the pro-rata portion of 30% of the
Company, i.e., 70% achievement equals one-third of the 30% of the Company.)

                  Unless previously converted, the principal amount of this note
shall be repaid by the Company in twelve (12) equal quarterly installments,  the
first principal payment to be made on April 1, 1998.

                  On December 1, 1995, the Company and Loeb signed a convertible
interim loan agreement whereby Loeb loaned the Company the sum of $50,000 due in
60 days together with interest of 9% to be used as working capital. Additionally
on December 4, 1995,  January 16, 1996,  February 23, 1996,  and March 12, 1996,
the Company and Loeb  signed  additional  convertible  interim  loan  agreements
whereby  Loeb  loaned the  Company the sums of  $100,000,  $50,000,  $25,000 and
$25,000  respectively.  Each of these additional  convertible interim loans were
due in 60 days from the date of each  agreement  and accrued  interest at 9% per
annum.

                  Loeb has the option to convert  the five  convertible  interim
loan agreements into two term Promissory  Notes,  one in the principal amount of
$237,500 and the other in the principal  amount of $12,500.  The two  promissory
notes  would  supersede  the  above  convertible  interim  loan  agreements  and
repayment of the advances would be governed by these promissory notes and not by
the provisions of any of the interim loan agreements.  In consideration  for the
conversion of the interim loan agreements  into the two term  Promissory  Notes,
Loeb will receive 420,728 shares of Common Stock of the Company.

                  The  principal  amount of the $237,500 note is to be repaid in
12 equal quarterly payments commencing two (2) years from the date of said note.
Prepayments  may be made at any time without  penalty.  Interest is accrued at a
rate of nine  percent  (9%)  per  annum  and  interest  payments  are to be made
quarterly at the end of each calendar quarter,  or at such earlier date that the
Note  becomes  due and  payable as a result of  acceleration,  prepayment  or as
otherwise  provided therein.  Interest shall begin to run from the date that the
monies are or were advanced to the Maker.

                  The  Promissory  Note for $12,500 will accrue  interest at the
rate of nine percent (9%) per annum payable  quarterly and is convertible at the
sole  option of the  holder  into a maximum of an  additional  15% of the common
shares of the Company  determined by a sliding scale based on the audited pretax
profits of the Company  during the second and third years of  operations  of the
Company on a sliding scale based upon the Company  achieving between 50% and 80%
of the projections  provided to Loeb.  (Example:  If the Company achieves 80% or
better of  projection,  no  conversion;  if the Company  achieves 50% or less of
projection,  conversion into 15% of the Company; if the Company achieves between
50% and 80% of projection,  the note is convertible into the pro-rata portion of
15% of the Company,  i.e., 70%  achievement  equals  one-third of the 15% of the
Company).  Unless previously converted,  this $12,500 principal amount, together
with any accrued but unpaid interest, shall become a demand note after the third
year of operation of the Company.

                  There was no cash paid for  interest  for the six months ended
June 30, 1996. As of the date of this report,  no cash has been paid to Loeb for
interest  and  the  Company  is  technically  in  default  on  the  Loeb  Notes.
Accordingly,  such notes payable are  classified as current  liabilities  in the
accompanying financial statements.

                                                         7

<PAGE>



Note 4            Computer Equipment Lease


                  On  September  30, 1995,  the Company  entered into a sale and
lease-back arrangement with LTI Ventures Leasing Corp. (LTI) whereby the Company
sold the bulk of its computer  hardware and commercially  purchased  software to
LTI. In  consideration of the sale, the Company received a total of $169,599 and
agreed to lease back the hardware and software for initial terms ranging from 24
to 30 months at a monthly rental totaling $7,039.

                  As  a  consideration  for  entering  into  the  aforementioned
agreement  with the  Company,  LTI was  granted a 5-year  warrant to  purchase a
maximum of 12,721  shares of Common  Stock of the Company for cash at a price of
$2.00 per share.

Note 5            Loans Payable

                  Pursuant to a private offering,  the Company issued 11.5 units
to various  unrelated  third  parties in May and June 1996.  Each  $50,000  unit
consists of a $49,000  three year  promissory  note bearing  interest at 10% per
annum and a Class A redeemable  common stock  purchase  warrant valued at $1,000
per unit.

                  The principal and interest on the  promissory  notes are to be
repaid the earlier of three years from issuance or thirty days after the closing
date of the first underwritten public offering of the Company's securities.

                  Each Class A common stock purchase warrant entitles the holder
to purchase up to 25,000  shares of the  Company's  common  stock at an exercise
price of $5.75 per share. The rights represented by this warrant are exercisable
commencing 90 days after the effective date of the public offering  registration
statement  until  four  years  thereafter.  The  terms and  conditions  of these
warrants are subject to adjustment to conform with the warrants to be registered
upon  effectiveness of the registration  statement filed with the Securities and
Exchange  Commission.  At June 30, 1996,  warrants to purchase 287,500 shares of
the Company's common stock are outstanding, pursuant to this offering.



Note 6            Convertible Notes Payable

                  In April  and  June  1996,  the  Company  borrowed  a total of
$30,000 from two unrelated  third  parties.  The maturity date is the earlier of
January 1, 1998,  or the  consummation  of a public  offering  of the  Company's
common stock.

                  These notes bear  interest at a rate of 7% per annum,  payable
on the last day of each  calendar  quarter  of each year,  commencing  March 31,
1997, to the maturity date.

                  If the  maturity  date of these  notes  shall  occur  prior to
January 1, 1998, in lieu of the $30,000 payment of the principal amount due, the
principal   amount  due  shall  be   converted   into  15,000   fully  paid  and
non-assessable shares of common stock of the Company.

Note 7            Subsequent Events

                  Stock Split - At the annual meeting,  stockholders approved an
amendment to the  Company's  Certificate  of  Incorporation  effecting a 2 for 1
reverse stock split of the outstanding  shares of Common Stock of the Company as
of the record date (June 25, 1996) from  5,669,731  shares to 2,834,866  shares.
The  accompanying  financial  statements  give  retroactive  effect to the stock
split.

                                                         8

<PAGE>




                  Common Stock - In August 1996,  the Company  canceled  333,216
shares  of its  Common  Stock  which had been  issued  to  Steven  E.  Pollan in
connection  with the  acquisition of Corporate  Travel Link. The reason for such
cancellation related to various claims made by the Company against Mr. Pollan as
a result of  material  misrepresentation  made to the  Company  and  failure  to
provide  services to the  Company.  Pending  return of the shares,  they will be
considered outstanding for all periods presented.

                                       MANAGEMENT'S DISCUSSION AND ANALYSIS
                            OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Results of Operations

                  The Company is in the development stage, has not yet generated
any  revenues and has no  commercial  operations  to date.  The Company has been
unprofitable  since inception and expects to incur  additional  operating losses
over the next several fiscal  quarters.  The Company does not expect to generate
any revenues  from  operations  until 1997.  As  reflected  in the  accompanying
financial statements,  the Company has incurred losses totaling $1,105,410 since
inception and at June 30, 1996, had a working capital deficit of $805,151.

                  Selling, general and administrative expenses were $422,428 for
the six months ended June 30, 1996 as compared to $128,311 during the six months
ended June 30,  1995.  The  primary  reason for the  difference  between the two
periods is the  commencement  of operations  during the earlier  period when the
Company had no  employees,  while during the latter period the Company was fully
operational  with 5  full-time  employees.  Payroll  and  payroll-related  costs
increased  approximately  $115,000 during 1996.  Other cost increases during the
1996 period consist of consulting fees ($40,000),  professional  fees ($99,000),
travel costs ($11,000),  marketing costs ($7,000) and other administrative costs
($22,000).

                  Comparison  of the results of  operations  during the 4 months
ended December 31, 1995, to the same period in 1994 is not deemed  meaningful as
the Company only incurred nominal operating costs during the 1994 period.

Liquidity and Capital Resources

                  The Company's funds have  principally  been provided from Loeb
Holding Corp.,  LTI Ventures  Leasing  Corporation  and a private  offering,  as
described below.

                  In September 1995, Loeb Holding Corp. as agent,  (Loeb) agreed
to loan the Company up to a maximum of $500,000 as evidenced  by two  Promissory
Notes dated  September 5, 1995, one in the principal  amount of $475,000 and the
other in the principal amount of $25,000.  In addition,  Loeb loaned the Company
an additional  $150,000 in December 1995,  $80,000 during the three months ended
March 31,  1996,  and  $20,000 in April  1996.  Total loan  proceeds to date are
$750,000.

                  On  September  30, 1995,  the Company  entered into a sale and
lease-back arrangement with LTI Ventures Leasing Corp. (LTI) whereby the Company
sold the bulk of its computer  hardware and commercially  purchased  software to
LTI. In consideration for the sale, the Company received a total of $169,599 and
agreed to lease back the hardware  and  software  for initial  terms of 24 to 30
months at a monthly rental totaling $7,039.

                  During the quarter  ended  March 31,  1996,  the Company  sold
5,000 shares of the Company's  restricted  Common Stock to a former  officer and
the  director of the Company for $70,000.  During the same  period,  the Company
also sold 25,000 shares of the Company's restricted Common Stock to an unrelated
party for $50,000.

Pursuant to a private offering, the Company issued 11.5 units to various
 unrelated third

                                                        10

<PAGE>



parties in May and June 1996. Each $50,000 unit consists of a $49,000 promissory
note and a Class A redeemable Common Stock purchase Warrant valued at $1,000 per
unit.  Each  warrant  entitles  the  holder  to  purchase  25,000  shares of the
Company's  common stock at $5.75 per share.  Total  proceeds  received from this
offering was $575,000 and warrants to purchase  287,500  shares of the Company's
common stock were issued.

                  In April and June 1996, the Company  received loan proceeds of
$30,000 pursuant to agreements  entered into with two unrelated  parties.  These
notes are  convertible  into 15,000 shares of the Company's  common stock if the
maturity date occurs prior to January 1, 1998.

                  At June 30,  1996,  the  Company  had cash of  $396,928  and a
working capital deficit of $805,151. Management of the Company estimates that it
will require  additional  funding of  approximately  $750,000 to provide for its
planned operating for the next six months.  The Company is exploring a number of
operations for next six months.  The Company is exploring a number of options to
raise the required  funds,  including the initial public  offering  contemplated
herein,  but  there  are  no  assurances  that  additional   financing  will  be
consummated.


PART II OTHER INFORMATION


ITEM 6.  Exhibits and Reports on Form 8-K

                  (b) Reports on Form 8-K.

                  A report on Form 8-K,  complete with all applicable  exhibits,
was filed on February 2, 1996.

                                                        10

<PAGE>


SIGNATURES

                  Pursuant to  requirements  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.


                                             GENISYS RESERVATION SYSTEMS, INC.
                                             (formerly Robotic Lasers, Inc.)


Date: November 7, 1996
                                                     Joseph Cutrona
                                                     President and Chairman



Date November 7, 1996
                                                     John H. Wasko
                                                     Secretary, Treasurer and
                                                     Principal Financial Officer



                                                        11

<PAGE>