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

                  Transitional Small Business Disclosure Format (check one)
                                            Yes X No


<PAGE>

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                                 GENISYS RESERVATION SYSTEMS, INC. AND SUBSIDIARY
                                          (formerly Robotic Lasers, Inc.)
                                          A Development Stage Enterprise
                                            CONSOLIDATED BALANCE SHEETS
                                                                       June                      December
                                                                       30, 1997                  31, 1996
                                                                       (unaudited)               ( Note 1 )
                                                      ASSETS
CURRENT ASSETS
        Cash and cash equivalents                                      $3,184,512              $    91,548
        Prepaid Expenses                                                   28,466                    1,081
         Total Current Assets                                           3,212,978                   92,629
EQUIPMENT, NET OF ACCUMULATED
       DEPRECIATION OF $95,649 and $65,102                                253,725                  235,285
OTHER ASSETS
       Computer software costs, less accumulated
            amortization of $56,281 and $35,215                            460,308                  312,171
       Deferred offering costs                                               --                     153,210
       Debt issue costs, less accumulated amortization
            of $20,349 and $10,957                                          36,001                   45,393
       Deposits and Other                                                   64,790                   64,910
                                                                           561,099                  575,684
                                                                        $4,027,802                $ 903,598
                                 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY)
CURRENT LIABILITIES:
      Current maturities of long-term debt                           $     453,451                $ 161,282
      Accounts payable and accrued expenses                                149,953                  304,490
      Due to related parties                                                20,152                   29,652
      Accrued interest payable - related parties                           129,460                   95,748
      Accrued consulting fees - related parties                                  --                 101,500
         Total current liabilities                                         753,016                  692,672
LONG-TERM DEBT:
     Long-term debt, less current maturities                               686,547                1,009,757
     10% Promissory notes payable                                           ---                     563,500
     Convertible notes payable                                              ---                      30,000
                                                                            686,547               1,603,257
         Total Liabilities                                                1,439,563               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                                          4,824,850                  252,344
     Deficit Accumulated During the Developmental Stage                ( 2,237,047)              (1,645,003)
         Total Stockholders' Equity (Deficiency)                         2,588,239               (1,392,331)
                                                                       $ 4,027,802              $   903,598
                                  See Accompanying Notes to Financial Statements


<PAGE>



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

                                       CONSOLIDATED STATEMENTS OF OPERATIONS
                                           DURING THE DEVELOPMENT STAGE
                                                    (unaudited)

                                                                                                                    From Inception
                                     Six Months             Six  Months       Three Months      Three Months        March 7, 1994
                                     Ended                  Ended             Ended              Ended              Through
                                     June 30, 1997          June 30, 1996     June 30, 1997     June 30, 1996       June 30, 1997

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

           Expenses -
           General and Administrative   473,238                422,428            258,221              243,569            1,830,934
           Depreciation and Amortization 64,056                 41,669             32,184               23,007              180,564
           Interest Expense, net         54,750                 48,493              7,932               26,345              225,549
                                        592,044                512,590            298,337              292,921            2,237,047

NET (LOSS) DURING
     THE DEVELOPMENT STAGE            ($592,044)            ($ 512,590)         ($298,337)       ($    292,921)         (2,237,047)

NET (LOSS) PER COMMON SHARE        ($    .15)                ($ .18)           ($.07 )           ($.10)               ($.9 )


WEIGHTED AVERAGE NUMBER OF
     COMMON SHARES OUTSTANDING        3,882,666              2,825,455          4,330,660           2,834,850             2,477,711




                                  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)


                                                                                                                        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
     STOCKHOLDER/OFFICER                   19,700                                                  19,700

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

PROCEEDS FROM EXERCISE
     OF OPTIONS                            15,000              25,000                  3            14,997

NET LOSS                             (    592,044)           ---                     ---            ---               ( 592,044)


BALANCES -MARCH 31, 1997               $2,588,239           4,355,594               $436             $4,824,850     ($2,237,047)



                                  See Accompanying Notes to Financial Statements


<PAGE>



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


                                                                                                        Period From
                                                                                                        (Commencement of
                                                                                                           Development
                                                                                                          Stage Activities)
                                                     Six Months Ended            Six Months Ended             Through
                                                         June 30,                     June 30,                 June 30,
                                                          1997                           1996                   1997

CASH FLOWS FROM OPERATING ACTIVITIES
     Net Loss                                            ($  592,044)              ( $512,590)               ($2,237,047)
    Adjustment to Reconcile Net (Loss) to Net Cash
        Flows from Operating Activities:
          Depreciation and Amortization                       64,056                   41,669                    180,564
          Contribution of services rendered to capital                                                            49,600
          Changes in operating assets and liabilities:
              Prepaid expenses                           (   26,575)                      180                  (  27,657)
              Other Assets                                   --                     (   1,979)                 (  65,564)
              Accounts Payable and Accrued Expenses    (    225,077)                  200,104                    273,938

NET CASH FLOWS FROM
     OPERATING ACTIVITIES                               (   779,637 )             (   272,616)             (   1,826,166)

CASH FLOWS FROM INVESTING ACTIVITIES
     Acquisition of Equipment and Software             (    181,648)            (     158,831)             (     829,422)
     Acquisition of Prosoft, Inc.                      (     34,602)            (        --  )             (      34,602)

NET CASH FLOWS FROM INVESTING ACTIVITIES               (    216,251)            (     158,831)             (     864,024)

CASH FLOWS FROM FINANCING ACTIVITIES
     Loans and advances from related parties          (       9,500)                   31,897                     20,152
     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        (       38,972)             (     16,252)              (    101,908)
     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 sale of Common Stock                     15,000                     60,000                    125,000
     Contribution to capital - stockholder/officer          19,700                       --                       96,400
     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                                4,088,852                    805,762                  5,874,702

NET CHANGE IN CASH                                       3,092,964                    374,315                  3,184,512

CASH AND CASH EQUIVALENTS
     BEGINNING OF PERIOD                                    91,548                     22,613                        --
CASH AND CASH EQUIVALENTS
     END OF PERIOD                                    $  3,184,512               $    396,928                 $3,184,512

SUPPLEMENTAL CASH FLOW INFORMATION
     Interest paid                                    $     60,463               $      13,084               $   106,139
     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

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                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 is developing a computerized
limousine reservation and payment system for the business traveler.  The Company
anticipates  that the proprietary  software being developed 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 has generated no revenues and has no  commercial  operations to
date.  The Company has been  unprofitable  since  inception and expects to incur
additional  operating  losses.  The  Company  expects  to  report  revenue  from
operations during the 2nd half of the fiscal year ending December 31, 1997.



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  claim 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.


     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 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  operational losses. The Company
expects to report revenue from operations during the 2nd half of the fiscal year
ending December 31, 1997. As reflected in the accompanying financial statements,
the Company has incurred losses totaling  $2,237,047 since inception and at June
30, 1997, had working capital of $2,459,962.



     Selling,  general and  administrative  expenses  were  $473,238 for the six
months ended June 30, 1997, as compared to $422,428  during the six months ended
June 30,  1996.  Professional  fees and  travel  costs  decreased  approximately
$17,600 and $9,400 during 1997. Cost increases during the 1997 period consist of
consulting  fees  ($25,900),   payroll  and  payroll  related  costs  ($26,900),
insurance costs ($9,000),  and other  administrative  costs ($16,000).  Selling,
general and  administrative  expenses  were  $258,221 for the three months ended
June 30,  1997,  as compared to $243,569  during the three months ended June 30,
1996.   Payroll  and  payroll   related  costs  and  consulting  fees  increased
approximated  $42,200 and $15,300 during 1997.  Cost  decreases  during the 1997
period consist of professional fees ($31,500), travel costs ($4,300),  insurance
costs ($1,300) and other administrative ($5,800).

<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 September 1995, Loeb Holding Corp. as escrow 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.



     In September 1995, January 1996 and December 1996, the Company entered into
sale and lease-back  arrangements  with LTI Ventures Leasing  Corporation  (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 $295,000 and agreed to lease back the hardware and software for initial
terms of 24 to 30 months at a monthly rental totaling $11,960.


     During November and December 1996, the Company and Loeb Holding Corporation
signed four 18 month  Promissory Notes whereby Loeb Holding  Corporation  loaned
the Company a total of $210,000.  Such Notes bear  interest at 10% and mature in
May and June 1998.


     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.


     At June 30, 1997, the Company had cash of $3,184,512 and working capital of
$2,459,962. 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: August 14, 1997                      /s/Lawrence E. Burk
                                              Lawrence E. Burk
                                           President and Chief Executive Officer



Date: August 14, 1997                     /s/John H. Wasko
                                             John H. Wasko
                                             Secretary, Treasurer and
                                             Chief Financial Officer





<PAGE>


     This schedule  contains summary  financial  information  extracted from the
Company's  financial  statements for the three months ended June 30, 1997 and is
qualified in its entirety by reference to such financial statements.

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         TEXT
         ARTICLE                                                           5
         MULTIPLIER                                                    1,000
         TABLE
         S
         PERIOD TYPE                                                  6 MONTHS
         FISCAL YEAR END                                          Dec 31, 1997
         PERIOD-START                                             Jan 01, 1997
         PERIOD-END                                               June 30, 1997
         CASH                                                           3,185
         SECURITIES                                                         0
         RECEIVABLES                                                        0
         ALLOWANCES                                                         0
         INVENTORY                                                          0
         CURRENT ASSETS                                                 3,213
         PP&E                                                             349
         DEPRECIATION                                                      96
         TOTAL ASSETS                                                   4,028
         CURRENT LIABILITIES                                              753
         BONDS                                                              0
         PREFERRED MANDATORY                                                0
             PREFERRED                                                      0
         COMMON                                                             0
         OTHER-SE                                                       2,588
         TOTAL LIABILITY AND EQUITY                                     4,028
         SALES                                                              0
         TOTAL REVENUES                                                     0
         CGS                                                                0
         TOTAL COSTS                                                        0
         OTHER EXPENSES                                                   537
         LOSS PROVISION                                                     0
         INTEREST EXPENSE                                                  55
         INCOME PRETAX                                                 (  592)
         INCOME TAX                                                         0
         INCOME CONTINUING                                             (  592)
         DISCONTINUED                                                       0
         EXTRAORDINARY                                                      0
         CHANGES                                                            0
         NET INCOME                                                    (  592)
         EPS PRIMARY                                                  (  . 15)
         EPS DILUTED
         TABLE
         TEXT
         DOCUMENT
         SUBMISSION
</TABLE>