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 September 30, 1997)

Commission File Number 1-12689

                  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, Union, 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 September  30, 1997:
 4,355,594 shares of Common Stock (as adjusted for stock split)

Transitional Small Business Disclosure Format (check one)

Yes            No    X     


<PAGE>

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

CONSOLIDATED STATEMENTS OF OPERATIONS
DURING THE DEVELOPMENT STAGE
(unaudited)
<TABLE>
<CAPTION>
<S>     <C>    <C>    <C>    <C>    <C>    <C>


                                                                                                                    From Inception
                                            Nine Months        Nine Months        Three Months      Three Months     March 7, 1994
                                              Ended              Ended               Ended            Ended             Through
                                           Sept 30, 1997        Sept 30, 1996     Sept 30, 1997    Sept 30, 1996     Sept 30, 1997


REVENUES AND EXPENSES DURING
      THE DEVELOPMENT STAGE
           Net Revenue                  $          2,225          $     --        $      2,225    $        --        $      2,225  
           Cost of Service                         6,800                --               6,800             --               6,800   
           Gross Profit                           (4,575)               --              (4,575)            --          (    4,575)

           General and Administrative Expenses    927,670             619,308           454,432          196,880          2,285,366
           Depreciation and Amortization          128,230              72,809            64,174           31,140            244,738
           Interest Expense (Income), net          52,648              90,715          (  2,102)          42,222            223,447
                                                1,108,548             782,832           516,504          270,242          2,753,551

NET (LOSS) DURING
     THE DEVELOPMENT STAGE                     ($1,113,123)        ($ 782,832)        ($521,079)       ($ 270,242)      (2,758,126)

NET (LOSS) PER COMMON SHARE                       ($ .28)           ($ .28)           ($.12)            ($.10)          ($1.06)
                                                                                                                                 

WEIGHTED AVERAGE NUMBER OF
     COMMON SHARES OUTSTANDING                  4,042,041          2,828,625         4,355,594          2,834,866         2,610,301




See Accompanying Notes to Financial Statements 

</TABLE>

<PAGE>

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



                                       September               December
                                       30, 1997                 31, 1996
                                      (unaudited)             ( Note 1 )

ASSETS

CURRENT ASSETS
        Cash and cash equivalents       $2,641,569            $    91,548
        Prepaid Expenses                     2,810                  1,081
Total Current Assets                     2,644,379                 92,629

EQUIPMENT, NET OF ACCUMULATED 
 DEPRECIATION OF $114,496
 and $65,102                              262,440                 235,285

OTHER ASSETS
 Computer software costs,
 less accumulated amortization
 of $95,381 and $35,215                   545,228                 312,171
       Deferred offering costs               --                   153,210
       Debt issue costs, less 
       accumulated amortization
       of $25,045 and $10,957              31,305                  45,393
       Deposits and Other                  64,730                  64,910
                                          641,263                 575,684

                                       $3,548,082               $ 903,598

LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY) 

CURRENT LIABILITIES:
Current maturities of long-term debt    $   449,374               $ 161,282
Accounts payable and accrued expenses       101,257                 304,490
 Due to related parties                      15,134                  29,652
Accrued interest payable-related parties    146,350                  95,748
Accrued consulting fees - related parties      --                   101,500
        Total current liabilities           712,115                 692,672

LONG-TERM DEBT:
Long-term debt, less current maturities     659,807               1,009,757
     10% Promissory notes payable             ---                   563,500  
     Convertible notes payable                ---                    30,000
                                            659,807               1,603,257
   
Total Liabilities                         1,371,922               2,295,929

COMMITMENTS:
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; 4,355,594 (1997)
 and 3,280,594 (1996) Shares Issued
 and Outstanding                                436                   328
  Additional Paid in Capital              4,933,850                252,344
  Deficit Accumulated During the 
  Developmental Stage                   ( 2,758,126)            (1,645,003)
Total Stockholders' Equity 
 (Deficiency)                             2,176,160             (1,392,331)

                                        $ 3,548,082            $   903,598   

See Accompanying Notes to Financial Statements


<PAGE>

GENISYS RESERVATION SYSTEMS, INC. AND SUBSIDIARY
                            (formerly Robotic Lasers, Inc.) 
(A Development Stage Enterprise)
CONSOLIDATED STATEMENT OF CHANGES IN
  STOCKHOLDERS' EQUITY (DEFICIENCY)
(Unaudited)
<TABLE>
<CAPTION>
<S>     <C>    <C>    <C>    <C>    <C>    <C>


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


BALANCES - DECEMBER 31, 1996      ($1,392,331)     3,280,594       $328            $   252,344      ($1,645,003)

CONTRIBUTION TO CAPITAL BY
     STOCKHOLDERS/OFFICER            128,700                                           128,700            

PROCEEDS FROM PUBLIC OFFERING
     OF COMMON STOCK AND
     WARRANTS, LESS RELATED
     COSTS OF $1,115,619            4,507,914      1,035,000        103             4,507,811                               

CONVERSION OF CONVERTIBLE
     NOTES PAYABLE TO 
     COMMON STOCK                      30,000        15,000          2                29,998

ISSUANCE OF COMMON STOCK
     UPON EXERCISE OF OPTION           15,000        25,000           3               14,997

NET LOSS                         (  1,113,123)         ---            ---              ---          ( 1,113,123)


BALANCES - SEPTEMBER 30, 1997       $2,176,160      4,355,594       $436            $4,933,850      ($2,758,126)



See Accompanying Notes to Financial Statements  
</TABLE>
<PAGE>

GENISYS RESERVATION SYSTEMS, INC. AND SUBSIDIARY
                         (formerly Robotic Lasers, Inc.)
(A Development Stage Enterprise)
CONSOLIDATED STATEMENTS OF CASH FLOWS
(unaudited)
<TABLE>
<CAPTION>
<S>     <C>    <C>    <C>    <C>    <C>    <C>

                                                                                                                   Period From 
                                                                                                                      Development
                                                                                                                  Stage Activities)
                                                           Nine Months Ended         Nine Months Ended                 Through
                                                             September30,              September 30,                September 30,
                                                                 1997                      1996                        1997         
CASH FLOWS FROM OPERATING ACTIVITIES
     Net Loss                                               ($1,113,123)               ( $782,832)                   ($ 2,758,126)
    Adjustment to Reconcile Net (Loss) to Net Cash
        Flows from Operating Activities:
          Depreciation and Amortization                        128,230                     72,809                         244,738
          Contribution of services rendered to capital            --                         --                            49,600 
          Changes in operating assets and liabilities: 
              Prepaid expenses                          (        1,729)              (     15,419)                    (     2,810)
              Other Assets                                        --                 (      1,979)                    (    65,564)
              Accounts Payable and Accrued Expenses           (256,069)                   278,173                         242,942

NET CASH FLOWS FROM 
     OPERATING ACTIVITIES                                 (  1,242,691 )              (   449,248)                    ( 2,289,220)
       
CASH FLOWS FROM INVESTING ACTIVITIES
     Acquisition of Equipment and Software                (   333,232)               (     332,691)                    (  981,005)
     Acquisition of Prosoft, Inc.                         (    34,602)                       --                      (    34,602)

NET CASH FLOWS FROM INVESTING ACTIVITIES                  (   367,834)               (     332,691)                 (  1,015,607)

CASH FLOWS FROM FINANCING ACTIVITIES
     Loans and advances from related parties              (    14,518)                      79,081                        15,134
     Proceeds from Issuance of Notes Payable                   70,000                      100,000                     1,025,000 
     Payments under Notes Payable                         (    65,000)                      --                    (      65,000)   
     Payments under Computer Equipment Leases             (    71,260)                (     33,322)                 (   134,196)
     Proceeds from sale and  lease-back                           --                        25,117                      294,644  
   Proceeds from Issuance of Convertible Notes                    --                        30,000                       30,000
     Gross Proceeds from public offering of
         Common Stock and Warrants                           5,623,533                        --                      5,623,533
     Proceeds from issuance of Common Stock
         upon exercise of option                                15,000                       60,000                     125,000
     Contribution to capital - stockholder/officer             128,700                         --                       205,400 
     Proceeds from (repayment of )
         10% Promissory Notes and Related Warrants          (  563,500)                     575,000                        --
     Costs paid upon issuance of Promissory
         Notes and Related Warrants                               --                         --                    (     57,500)
     Deferred offering costs                              (    962,409)                      --                     ( 1,115,619)

NET CASH FLOWS FROM
     FINANCING ACTIVITIES                                    4,160,546                     835,876                    5,946,396

NET CHANGE IN CASH                                           2,550,021                      53,937                    2,641,569    

CASH AND CASH EQUIVALENTS
     BEGINNING OF PERIOD                                        91,548                      22,613                           -- 
CASH AND CASH EQUIVALENTS
     END OF PERIOD                                        $  2,641,569                 $    76,550                    $2,641,569 

SUPPLEMENTAL CASH FLOW INFORMATION
     Interest paid                                      $       65,699               $      24,170                   $   111,375
     Net liabilities assumed 
         in reverse acquisition                         $          --                  $        --                   $    14,087 
     Conversion of notes payable into common stock      $       30,000                   $        --               $      50,109

See Accompanying Notes to Financial Statements

</TABLE>

<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 December 31, 1996, 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 a  development  stage  Company and has  developed a  computerized
limousine reservation and payment system for the business traveler.  The Company
anticipates  that the  proprietary  software  will enable a system of  limousine
reservations   to  be  completely   computerized   and  operate   without  human
intervention except for initial inputing of travel information.

The Company commenced  generating  revenues in August 1997. The Company has been
unprofitable  since inception and expects to incur  additional  operating losses
for the next several quarters.

Note 3          Stockholders' Equity

Cancellation of Shares --- In August 1996, the Company gave notice to one of its
former officers,  Mr. Steven E. Pollan, that it was canceling the 333,216 shares
of Common Stock issued to him at the  inception of Corporate  Travel Link,  Inc.
for services he was to have provided. The Company believes that Mr. Pollan never
provided  such  services.  (See  Note 4 for  information  concerning  litigation
commenced by Mr.  Pollan).  Pending  return of the shares,  they are  considered
outstanding for all periods presented herein.

Public  Offering of Securities --- On March 26, 1997, the Company  consummated a
public offering of its securities consisting of 1,035,000 shares of Common Stock
at $5.00 per share,  1,725,000  Class A Redeemable  Warrants at $.20 per Class A
Redeemable Warrant and 1,035,000 Class B Redeemable Warrants at $.10 per Class B
Redeemable  Warrant.  Total  proceeds from the public  offering,  net of related
costs of $1,115,619, were $4,507,914.

Each  redeemable  warrant is exercisable  for a period of 48 months,  commencing
September  20, 1997 and entitles the holder to acquire one share of common stock
at $5.75 (Class A) or $6.75 (Class B) per share.  Commencing March 20, 1998, the
Company will have the right at any time to redeem all, but not less than all, of
the Class A or Class B warrants at a price equal to $.20 per Class A warrant and
$.10 per Class B  warrant,  provided  that the  closing  bid price of the common
stock  equals or exceeds  $6.25  (Class A) or $7.25  (Class B) per share for any
twenty trading days within a period of thirty consecutive trading days ending on
the fifth trading day prior to the date of the notice of redemption.

<PAGE>

Note 4          Contingencies

On February 20, 1997, two individuals filed an action against the Company, 
Corporate Travel Link and Robotic Lasers in the Superior Court of New Jersey 
seeking, among other things damages in the amount of 8% of any financing 
secured by Corporate Travel Link and 5% of the Company's Common Stock allegedly
due for services rendered in connection with the Company's acquisition of 
Corporate Travel Link in 1995.  The claim for monetary damages is based upon 
an alleged written agreement between Corporate Travel Link and plaintiffs,
while the claim for the shares of the Company's Common Stock is based upon 
alleged oral representations and promises made by officers of Corporate Travel
Link.  The Company believes that the plaintiff's claims are without merit and 
intends to vigorously defend the action and to assert numerous defenses in its
answer.

On April 17, 1997, a former officer of the Company filed an action in the United
States District Court,  District of New Jersey,  against the Company,  Corporate
Travel Link, the officers of both companies, and various related parties seeking
among other things a declaratory  judgment that the former  officer is the owner
of the 333,216  shares of Common  Stock of the Company  which had been issued to
him at the  inception  of  Corporate  Travel  Link for  services  he was to have
provided (see Note 3) and for unspecified compensatory and punitive damages. The
Company  believes that the  plaintiff's  claims are without merit and intends to
vigorously  defend the action and to assert numerous  defenses and counterclaims
in its answer.

Note 5          Acquisition

On June 20, 1997, the Company  acquired 80% of the  outstanding  common stock of
Prosoft,  Inc. for an aggregate purchase price of $34,602.  This transaction has
been  accounted for as a purchase and is included in the Company's  consolidated
financial statements as of the date of acquisition. The assets acquired consist
principally of cash and equipment.

In addition,  the Company granted to each of the two minority owners of Prosoft,
Inc., non-incentive stock options to purchase 50,000 shares of common stock. The
options  which  expire  five  years  from  the  date of  grant  are  immediately
exercisable at an exercise price of $8.625.



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


Results of Operations

The Company has been in the  development  stage,  and just commenced  generating
revenues in August 1997. The Company has been  unprofitable  since inception and
expects to incur additional operational losses. As reflected in the accompanying
financial statements,  the Company has incurred losses totaling $2,758,126 since
inception and at September 30, 1997, had working capital of $1,932,264.

General and  administrative  expenses  were  $927,670  for the nine months ended
September  30,  1997,  as  compared to  $619,308  during the nine  months  ended
September 30, 1996. Cost increases  during the 1997 period consist of consulting
fees ($38,300),  payroll and payroll related costs  ($185,000),  insurance costs
($14,800),  professional  fees  ($35,300),  travel  costs  ($8,600),  and  other
administrative  costs ($26,400).  General and administrative  expenses
were  $454,432  for the three months ended  September  30, 1997,  as compared to
$196,880 during the three months ended September 30, 1996. Cost increases during
the 1997  period  consist of  payroll  and  payroll  related  costs  ($158,200),
consulting fees ($12,400),  professional fees ($52,900), travel costs ($18,000),
insurance costs ($5,800) and other administrative ($10,200).

The  increases in  professional  fees for the nine months and three months ended
September  30, 1997 are due  primarily  to legal fees  incurred in regard to the
litigation  described  in  Note  4 and in the  preparation  of a  post-effective
amendment filed with the SEC by the Company on Form S-3. The remaining increases
are mostly  related to the Company's  increased  marketing and sales efforts now
that the Genisys Reservation and Payment System is on-line.



<PAGE>

Liquidity and Capital Resources

The Company's  funds have  principally  been provided from its public  offering,
loans from Loeb Holding  Corp.  as escrow  agent,  Loeb Holding  Corp.,  and LTI
Ventures Leasing Corporation, and a private offering.


In February 1997, in order to raise additional  working capital for the Company,
Joseph Cutrona, former President of the Company, sold a total of 9,850 shares of
restricted Common Stock owned by him to six (6) unaffiliated  third parties at a
price of $2.00 per share for the total  proceeds of $19,700,  which Mr.  Cutrona
remitted to the Company in the form of a capital contribution. Mr. Mark A. Kenny
used 4925 of his own shares of restricted  Common Stock to reimburse Mr. Cutrona
for one-half of the number of shares sold by Mr. Cutrona.

In February and March 1997,  the Company  borrowed a total of $65,000 from three
unaffiliated  third parties  pursuant to three  eighteen  (18) month  Promissory
Notes bearing  interest of 10% per annum payable at maturity.  These notes which
were secured by 16,250 shares of the Company's  restricted Common Stock owned by
Joseph  Cutrona and 16,250  shares owned by Mark A. Kenny,  were repaid on March
31, 1997.

On March 26, 1997, the Company  consummated a public  offering of its securities
consisting  of 1,035,000  shares of Common  Stock at $5.00 per share,  1,725,000
Class A  Redeemable  Warrants  at  $0.20  per  Class A  Redeemable  Warrant  and
1,035,000  Class B Redeemable  Warrants at $.10 per Class B  Redeemable  Warrant
resulting in net proceeds to the Company of $4,507,914.

On May 29, 1997,  an officer of the Company  exercised  stock options for 25,000
shares  of  common  stock at $.60 per  share,  resulting  in total  proceeds  of
$15,000.

On June 20, 1997, the Company  acquired 80% of the  outstanding  common stock of
Prosoft,  Inc.  for an  aggregate  purchase  price  of  $34,602.  See  Note 5 to
financial  statements.  On July 28, 1997, pursuant to an agreement dated October
10, 1996, Joseph Cutrona and Mark Kenny each contributed  14,533 shares owned by
them of the Company's common stock, valued at $109,000 to Prosoft in payment for
computer  software design and other consulting  services provided to the Company
by Prosoft.

At September 30, 1997, the Company had cash of $2,641,569 and working capital of
$1,932,264. Management of the Company estimates that it has sufficient resources
to provide for its planned operations of the next twelve months.





<PAGE>

PART II         OTHER INFORMATION


ITEM 6. Exhibits and Reports on Form 8-K

(b) Reports on Form 8-K

NONE
 


<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 13, 1997

/s/ Lawrence E. Burk
President and Chief Executive Officer



/s/ John H. Wasko
Secretary, Treasurer and
Chief Financial Officer




<PAGE>