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 March 31, 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


  Checkwhether  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 March 31, 1997:  4,330,594
shares of Common Stock (as adjusted for stock split)

                   Transitional Small Business Disclosure Format (check one)

                                                     Yes X No

                                                         1

<PAGE>



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

                                       CONSOLIDATED STATEMENTS OF OPERATIONS
    <TABLE>
<CAPTION>
<S>     <C>    <C>    <C>    <C>    <C>    <C>
                                                                                                       

                                                                                                 Period From
                                                                                                 March 7, 1994
                                                                                                (Commencement of
                                                          Three Months Ended                         Development  Stage
                                                       March 31           March 31               Activities ) to
                                                           1997              1996                  March 31, 1997
                                                     --------------    ----------------            --------------


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

           Expenses:
               General and Administrative                 215,017               178,859              1,572,713
               Depreciation and Amortization               31,872                18,662                148,380
               Interest Expense, net                       46,818                22,148                217,617
                                                     ------------      ----------------          -------------
                                                         293,707               219,669              1,938,710
                                                     -----------       ---------------            -----------

NET (LOSS) INCURRED DURING
     THE DEVELOPMENT STAGE                           ($293,707)         ($    219,669)           ($1,938,710)
                                                     ==========        ===============           ============


NET (LOSS) PER COMMON SHARE                          ($    .09    )    ($      .08        )      ($     .83      )


WEIGHTED AVERAGE NUMBER OF
     COMMON SHARES OUTSTANDING                       3,420,594            2,816,075                2,326,427
                                                     ==========        =================         ===========



</TABLE>

                                  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

<TABLE>
<CAPTION>
<S>     <C>    <C>    <C>    <C>    <C>    <C>

                                                                       March                     December
                                                                       31, 1997                  31, 1996
                                                                       --------                  --------
                                                                     (unaudited)

                                                       ASSETS

CURRENT ASSETS
        Cash and cash equivalents                                      $ 4,678,552               $    91,548
        Prepaid Expenses                                                     1,235                     1,081
                                                                        --------------           -------------
         Total Current Assets                                             4,679,787                    92,629

EQUIPMENT, NET OF ACCUMULATED
       DEPRECIATION OF $80,221and $65,102                                    226,205                   235,285

OTHER ASSETS
       Computer software costs, less accumulated
            amortization of $45,748 and $35,215                               332,638                   312,171
       Deferred offering costs                                                  --                      153,210
       Debt issue costs, less accumulated amortization
            of $15,653 and $10,957                                             40,697                    45,393
       Deposits and Other                                                      64,850                    64,910
                                                                       --------------                -----------
                                                                          $ 5,344,177                 $ 903,598
                                                                       -----------                    ---------

                                 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY)

CURRENT LIABILITIES:
      Current maturities of long-term debt                             $    214,089                    $ 161,282
      Accounts payable and accrued expenses                                 605,576                      304,490
      Due to related parties                                                 36,152                       29,652
      Accrued interest payable - related parties                            117,831                       95,748
      Accrued consulting fees - related parties                             130,067                       101,500
                                                                           ------------                ----------
         Total current liabilities                                        1,103,715                       692,672

LONG-TERM DEBT:
     Long-term debt, less current maturities                                 954,219                     1,009,757
     10% Promissory notes payable                                            563,500                       563,500
     Convertible notes payable                                                   ---                        30,000
                                                                       ------------------              -----------
         Total Liabilities                                                2,621,434                      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; 4,330,594 and 3,280,594
               Shares Issued and Outstanding                                   433                            328
     Additional Paid in Capital                                          4,661,020                        252,344
     Deficit Accumulated During the Developmental Stage                ( 1,938,710)                    (1,645,003)
                                                                       ------------                    ----------
         Total Stockholders' Equity (Deficiency)                         2,722,743                     (1,392,331)
                                                                       ------------                    ----------

                                                                       $ 5,344,177                     $   903,598
                                                                       ===========                     ===========

</TABLE>

                                  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 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


BALANCE - 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 $1,264,419                       4,359,081      1,035,000          103              4,358,978

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

NET LOSS                                    (    293,707)           ---            ---                   ---          (  293,707)
                                             -----------      ----------------- ---------        ------------------    ---------


BALANCE AT MARCH 31, 1997                   $2,722,743        4,330,594         $433             $4,661,020        ($1,938,710)
                                            ==========        =========         ----             ----------        ------------

</TABLE>

                                  See Accompanying Notes to Financial Statements

                                                         4

<PAGE>



                              GENISYS RESERVATION SYSTEMS, INC. AND SUBSIDIARY
                                       CONSOLIDATED STATEMENTS OF CASH FLOWS
                                                    (unaudited)


                                                  
<TABLE>
<CAPTION>
<S>     <C>    <C>    <C>    <C>    <C>    <C>
                                                                                                                  Period from
                                                                                                                (Commencement of
                                                                                                                Development
                                                                                                               Stage Activities)
                                                     Three Months Ended           Three Months Ended               Through
                                                           March 31,                        March 31,              March 31,
                                                              1997                             1996                    1997
                                                     --------------------------     ----------------------     ------------

CASH FLOWS FROM OPERATING ACTIVITIES
     Net Loss                                                   ($  293,707)            ( $219,669)             ($1,938,710)
    Adjustment to Reconcile Net (Loss) to Net Cash
        Flows from Operating Activities:
          Depreciation and Amortization                             31,872                  18,662                   148,380
          Contribution of services rendered to capital               --                                              49,600
          Changes in operating assets and liabilities:
              Prepaid expenses                                     (  154)                    703               (     1,235)
              Other Assets                                           --                 (   1,979)              (    65,564)
              Accounts Payable and Accrued Expenses                351,736                 83,977                   839,387
                                                                 ------------            ------------            -------------

NET CASH FLOWS FROM
     OPERATING ACTIVITIES                                              89,747           (   118,306)            (     968,142)
                                                                -------------           ------------            --------------

CASH FLOWS FROM INVESTING ACTIVITIES
     Acquisition of Equipment and Software                      (    37,039)           (     55,975)             (     684,812)
                                                                -------                 -------------             -------------

CASH FLOWS FROM FINANCING ACTIVITIES
     Loans and advances from related parties                         6,500                 --                          36,152
     Proceeds from Issuance of Notes Payable                        70,000                    75,00                 1,025,000
     Payments under Notes Payable                             (     65,000)                 --                     (   65,000)
     Payments under Computer Equipment Leases                (       9,195)              (   8,201)                (   72,271)
     Proceeds from sale and  lease-back                             --                      25,117                    294,644
     Proceeds from Issuance of Convertible Notes                    --                         --                      30,000
     Gross Proceeds from public offering of
         Common Stock and Warrants                               5,623,500                     --                   5,623,500
     Proceeds from sale of Common Stock                             --                      60,000                    110,000
     Contribution to capital - stockholder/officer                 19,700                    --                        96,400
     Proceeds from issuance of 10% Promissory
         Notes and Related Warrants                                 --                         --                     575,000
     Costs paid upon issuance of Promissory
         Notes and Related Warrants                                 --                        --                      (57,500)
     Deferred offering costs                                   ( 1,111,209)                  --                  (  1,264,419)
                                                                 ------------         --------------------        ------------

NET CASH FLOWS FROM
     FINANCING ACTIVITIES                                        4,534,296               151,916                    6,331,506
                                                               -----------           ------------                   -----------

NET CHANGE IN CASH                                               4,587,004          (     22,365)                   4,678,552

CASH AND CASH EQUIVALENTS
     BEGINNING OF PERIOD                                            91,548                22,613                        --
                                                              -------------       ---------------                     -------------

CASH AND CASH EQUIVALENTS
     END OF PERIOD                                             $ 4,678,552     $           24                        $4,678,552
                                                                ===========     ==============                       ===========

SUPPLEMENTAL CASH FLOW INFORMATION
     Interest paid                                                $                     $                            $   46,213
                                                                  -----                 ---------                    ------------
     Net liabilities assumed
         in reverse acquisition                                $       --             $   --                      $     14,087
                                                                     -----------   ------------------                  ------------
     Conversion of notes payable into common stock             $      30,000          $        --                 $     50,109
                                                                =============         ================             ============
</TABLE>


                     See Accompanying Notes to Financial Statements

                                                                 5

<PAGE>



                               ENISYS 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 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.

                  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 commence
generating  revenue from  operations  during the fiscal year ending December 31,
1997.

Note 3            Long-term Debt

                  Notes  Payable  ---  Stockholder  --- In  February  1995,  the
Company signed an agreement  with a then  unrelated  party pursuant to which the
Company  borrowed  $500,000 as evidenced by a series of  Convertible  Promissory
Notes. In September 1995, the Convertible  Promissory  Notes were converted into
841,455  shares of the  Company's  common  stock and two  Promissory  Notes with
principal amounts of $475,000 and $25,000, respectively. Such 841,455 shares had
been contributed  back to the Company by its original  stockholders who acquired
the shares in March 1994. For accounting  purposes,  such  transaction  has been
treated  as a 2  for 3  reverse  stock  split.  The  common  stock  issued  upon
conversion and the related debt discount ($13,406) have been recorded based upon
their estimated fair values and that of the notes.

                  The $475,000  note is to be repaid in twelve  equal  quarterly
installments  commencing  two years from the date of such note.  This note bears
interest  at  nine  percent  (9%)  per  annum  payable  quarterly.  The  $25,000
promissory  note  accrues  interest  at nine  percent  (9%) per  annum  (payable
quarterly) and is convertible at the sole option of the note holder into 266,667
shares of common stock of the Company. Unless previously converted, this $25,000
note will be repaid  by the  Company  in  twelve  equal  quarterly  installments
commencing on April 1, 1998.

In December 1995, the Company and this stockholder signed an additional
loan agreement

                                                         6

<PAGE>



whereby the stockholder agreed to loan the Company up to an additional $250,000.
In December 1995, the  stockholder  loaned the Company  $150,000 and, during the
first  quarter  of 1996,  the  stockholder  loaned  the  Company  an  additional
$100,000.  In November 1996, the stockholder  converted these additional  loans,
totaling  $250,000,  into two 9% term notes  ($237,500  and $12,500) and 420,728
shares of common stock of the Company.  The common stock issued upon  conversion
and the related  debt  discount  ($6,703)  have been  recorded  based upon their
estimated  fair values and that of the notes.  The $237,500 note is to be repaid
in 12 equal  quarterly  installments  commencing  two (2) years from the date of
such note. The $12,500 note is  convertible  into 133,333 shares of common stock
of the Company. Unless previously converted, this $12,500 note will be repaid by
the Company in twelve equal quarterly installments commencing on April 1, 1998.

                  Total  borrowings  from the  stockholder  totaled  $750,000 at
December 1996. The Company has not paid any interest under these loan agreements
to date. In February 1997, the stockholder  agreed that interest payments on its
notes,  which were in  default,  would be deferred  until  September  1997.  The
stockholder also waived any defaults on the notes through February 1997.

                  Notes  Payable  ---  Related  Party ---  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.

Note 4            Computer Equipment Leases

                  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 for amounts totaling $295,000 and agreed
to lease back such equipment for initial terms ranging from 24 to 30 months at a
monthly rental totaling $11,960.

                  As  a  consideration  for  entering  into  the  aforementioned
agreements with the Company,  LTI was granted  warrants to purchase a maximum of
22,098  shares of Common Stock of the Company at an exercise  price of $2.00 per
share.

Note 5            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;  Mr. Pollan has informed
the  Company,  however,  that he will  contest any attempt to cancel his shares.
(See Note 6 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 $1,264,419, were $4,359,081.

                  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.

                                                         7

<PAGE>





Note 6            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 5) 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.


                                       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
over the next several fiscal  quarters.  The Company does not expect to generate
any  revenues  from  operations  until 3rd quarter  1997.  As  reflected  in the
accompanying  financial  statements,  the Company has incurred  losses  totaling
$1,938,710  since  inception  and at March 31,  1997,  had  working  capital  of
$3,576,072.

                  Selling, general and administrative expenses were $215,017 for
the three months ended March 31, 1997, as compared to $178,859  during the three
months  ended  March 31,  1996.  Payroll  and  payroll-related  costs  decreased
approximately $15,000 during 1997. Cost increases during the 1997 period consist
of consulting  fees  ($10.00),  professional  fees  ($13,000),  insurance  costs
($10,000),  and other  administrative  costs  ($22,000).  Travel costs decreased
$5,000 during the 1997 period.

Liquidity and Capital Resources

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

                  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.

                                                         8

<PAGE>






                  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.

                  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 promissory note and 25,000 Class A redeemable Common Stock
purchase Warrants valued at $1,000 per unit. Each warrant entitles the holder to
purchase  one share of the  Company's  common  stock at $5.75 per  share.  Total
proceeds  received  from this  offering  were  $575,000 and warrants to purchase
287,500 shares of the Company's common stock were issued.

                  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, 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 $4,657,445.

                  At March 31,  1997,  the  Company had cash of  $4,678,552  and
working capital of $3,576,072.  Management of the Company  estimates that it has
sufficient  resources to provide for its planned  operations  of the next twelve
months.


PART II           OTHER INFORMATION


ITEM 6.           Exhibits and Reports on Form 8-K

                  (b) Reports on Form 8-K

                  NONE


                                                         9

<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: May 13, 1997                                   Joseph Cutrona
                                                     President



Date: May 13, 1997                                   John H. Wasko
                                                     Secretary, Treasurer and
                                                     Chief Financial Officer


Date: May 13, 1997                                   Warren D. Bagatelle
                                                     Chairman and Chief
                                                     Executive Officer

                                                        10

<PAGE>