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, 1996)

                                        Commission File Number 033-19522-NY

                            Genisys Reservation Systems, Inc. And Subsidiary
                                          (formerly Robotic Lasers, Inc.) 
                         Exact Name of registrant as specified in its charter) 

                                               New Jersey 22-2719541 
                            (State or other jurisdiction of (I.R.S. employer 
                            incorporation or organization) Identification no.) 

                            2401 Morris Avenue, 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, 1996:  2,834,866
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
                                           DURING THE DEVELOPMENT STAGE
                                                    (unaudited)

<TABLE>
<CAPTION>
<S>     <C>    <C>    <C>    <C>    <C>    <C>
                                                                                               From Inception
                                                                                                                       <C>    
                                 Nine Months       Nine Months        Three Months      Three Months      March 7, 1994
                                 Ended             Ended               Ended              Ended            Through
                                 Sept 30, 1996     Sept 30, 1995       Sept 30, 1996     Sept 30, 1995      Sept 30, 1996

<S>     <C>    <C>    <C>    <C>    <C>    <C>

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

 Expenses -
General and Administrative          619,308            233,695                   196,880               105,384            1,157,799
Depreciation and Amortization        72,809              4,876                   31,140                  4,495              90,616
Interest Expense, net                90,715             14,222                    42,222                  8,112             127,237
                                    782,832            252,793                   270,242                117,991           1,375,652

NET (LOSS) INCURRED DURING
THE DEVELOPMENT STAGE             ($782,832)        ($ 252,793)               ($270,242)         ($    117,991)          (1,375,652)

NET (LOSS) INCURRED
 PER COMMON SHARE               ($    .28    )    ($    .10   )              ($    .10    )    ($      .04        )      ($ .52   )
                                                                                                                                  

WEIGHTED AVERAGE NUMBER OF
COMMON SHARES OUTSTANDING         2,828,625         2,564,453               2,834,866            2,622,846                2,655,739


</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>
<S>     <C>    <C>    <C>    <C>    <C>    <C>
                                                                       September                 December
                                                                       30, 1996                  31, 1995
                                                                       (unaudited)

                                                      ASSETS

CURRENT ASSETS
        Cash and cash equivalents                                      $   76,550                $    22,613
        Prepaid Expenses                                                    16,122                       703
         Total Current Assets                                               92,672                    23,316

EQUIPMENT, NET OF ACCUMULATED
       DEPRECIATION OF $90,022 and $17,393                                562,443                    302,381

OTHER ASSETS
       Deposits and Other                                                 28,787                    26,988
                                                                       $ 683,902                 $  352,685

                           LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY)

LIABILITIES:
      Notes Payable - private investors                                  $ 750,000                 $  650,000
      Accounts Payable and accrued expenses                                269,320                     98,012
      Current portion of obligation under computer
          equipment lease                                                   59,952                     45,012
      Accrued interest payable - private investors                          95,461                     28,096
      Accrued consulting fees - officer                                     49,500                       ---
      Loans and advances from related parties                               56,507                     19,126
      Payroll taxes payable                                                    ---                    10,000
         Total current liabilities                                     1,280,740                     850,246

Long-term portion of obligation under
    computer equipment lease                                                66,601                    89,746
Loans payable                                                             563,500                       ---
Convertible notes payable                                                  30,000                       ---     
                                                                       1,940,841                     939,992

STOCKHOLDERS' EQUITY (DEFICIENCY):
       Preferred Stock, $.0001 Par Value: 25,000,000
           Shares Authorized; None Outstanding
       Common Stock, $.0001 Par Value; 75,000,000
           Shares Authorized; 2,834,866 and 2,804,866
                 Shares Issued and Outstanding                                 283                       280
       Paid in Capital                                                      118,430                    5,233
       Deficit Accumulated During the Developmental Stage              (1,375,652)                 ( 592,820)
                                                                       (1,256,939)                 ( 587,307)

                                                                       $ 683,902                  $ 352,685

</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 STOCKHOLDERS' EQUITY
                                                    (Unaudited)


<TABLE>
<S>     <C>    <C>    <C>    <C>    <C>    <C>
                                                                                                                        Deficit
                                                                                                                   Accumulated
                                                                                                 Additional          During The
                                                                 Common Stock                     Paid-In          Development
                                            Total             Shares                Value         Capital                 Stage     


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

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

PROCEEDS FROM ISSUANCE
     OF WARRANTS                                 11,500                                              11,500

CONTRIBUTION OF
 CAPITAL - OFFICER                                 41,700                                              41,700

NET (LOSS) FOR THE
NINE MONTHS ENDED
SEPTEMBER 30, 1996                          ( 782,832)              --             --                  --             ( 782,832)


BALANCE - SEPTEMBER 30, 1996                ($1,256,939)      2,834,866         $283             $118,430          ($1,375,652)
</TABLE>



                                  See Accompanying Notes to Financial Statements
 

                                                         4
<PAGE>

                           GENISYS RESERVATION SYSTEMS, INC. AND SUBSIDIARY
                                          (formerly Robotic Lasers, Inc.) 
                                         (A Development Stage Enterprise)
                                       CONSOLIDATED STATEMENT OF CASH FLOWS
                                                    (unaudited)
 
 
<TABLE>
<S>     <C>    <C>    <C>    <C>    <C>    <C>
                                                                                                  From Inception
                                                                                                   March 7, 1994
                                                     Nine Months Ended      Nine Months Ended       Through
                                                        September 30,               September 30,   September 30,
                                                              1996                                         1996     

CASH FLOWS FROM OPERATING ACTIVITIES
     Net (Loss)                                             (   $782,832)       ( $252,793)      ($1,375,652)
    Adjustment to Reconcile Net (Loss) to Cash
        Flows from Operating Activities:
          Depreciation and Amortization                           72,809             4,876            90,616
          Common Stock issued for services rendered             --                   9,600            19,600
          Changes in operating assets and liabilities:
              Other Assets                                     (1,979)           (   2,000)         (29,381)
              Accounts Payable and Accrued Expenses           210,808            (  21,357)          304,733
              Prepaid Expenses                              (  15,419)           (   1,867)          (16,122)
             Accrued Interest Payable                          67,365               15,938            95,461  
 
NET CASH FLOWS FROM
     OPERATING ACTIVITIES                                  (  449,248)            (247,603)        ( 910,745)
 
CASH FLOWS FROM INVESTING ACTIVITIES
     Acquisition of Equipment                             (   332,691)           ( 241,255)         (652,465)

CASH FLOWS FROM FINANCING ACTIVITIES
     Proceeds from Issuance of Notes Payable                 100,000               500,000            750,000
     Payments under Computer Equipment Lease               (33,322)                  --             (  43,046)
     Proceeds from sale and  lease-back                     25,117                   --               169,599
     Proceeds from Issuance of Common Stock                 60,000                   --                60,000
     Advances from related parties                          37,381                   --                56,507
    Contribution of capital - officer                       41,700                                     41,700
     Proceeds from issuance of Notes Payable
         and Related Warrants                             575,000                    --               575,000
     Proceeds from issuance of
         Convertible Notes Payable                          30,000                   --                30,000
 
NET CASH FLOWS FROM
     FINANCING ACTIVITIES                                  835,876                 500,000          1,639,760

NET INCREASE IN CASH                                        53,937                  11,142             76,550

CASH - BEGINNING OF PERIOD                                  22,613                      5                --      
 
CASH - END OF PERIOD                                    $   76,550                $ 11,147           $ 76,550  
 
SUPPLEMENTAL CASH FLOW INFORMATION
     Interest paid                                     $    24,170               $   --              $ 32,596
     Net liabilities assumed
         in reverse acquisition                        $       --                $   --              $ 14,087
 
</TABLE>
                                  See Accompanying Notes to Financial Statements

                                                         5
<PAGE>

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

Note 1            Basis of Presentation

The consolidated  balance sheet at the end of the preceding fiscal year has been
derived from the audited  consolidated  balance sheet contained in the Company's
Form 10-KSB and is  presented  for  comparative  purposes.  All other  financial
statements are unaudited.  In the opinion of management,  all adjustments  which
include  only  normal  recurring  adjustments  necessary  to present  fairly the
financial  position,  results  of  operations  and  cash  flows  of all  periods
presented have been made. The results of operations for interim  periods are not
necessarily indicative of the operating results for the full year.
                
Footnote  disclosures  normally  included in  financial  statements  prepared in
accordance with the generally accepted  accounting  principles have been omitted
in accordance  with the published  rules and  regulations  of the Securities and
Exchange Commission.  These consolidated  financial statements should be read in
conjunction  with the financial  statements  and notes  thereto  included in the
Company's Form 10-KSB for the most recent fiscal year.

Note 2            Activities of the Company

The Company is in the  development  stage and has not yet generated any revenues
from  operations.  The  Company's  funds have been  provided  from Loeb  Holding
Corporation,   LTI  Ventures  Leasing  Corporation,  and  from  certain  private
offerings.  As reflected in the accompanying  consolidated financial statements,
the Company has
incurred net losses of $1,375,652  since  inception,  and at September 30, 1996,
had a working  capital  deficiency of $1,188,068.  These factors,  among others,
indicate that if the Company is unable to secure additional financing, it may be
unable to continue in existence.  The accompanying  financial  statements do not
include any adjustments  relating to the  recoverability  and  classification of
recorded asset amounts or the amounts and  classification  of  liabilities  that
might be necessary should the Company be unable to continue in existence.

Note 3            Long-Term Debt

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

The principal  amount of the $475,000 note is to be repaid in 12 equal quarterly
payments commencing two (2) years from the date of said note. Prepayments may be
made at any  time  without  penalty.  Interest  is  accrued  at the rate of nine
percent (9%) per annum and interest payments are to be made quarterly at the end
of each calendar quarter, or at such earlier date that this Note becomes due and
payable as a result of acceleration, prepayment or as otherwise provided herein.
Interest  shall begin to run from the date that the monies are or were  advanced
to the Maker.  On March 31,  1996,  all interest  accrued  through that date was
calculated and was to be paid in four equal installments on March 31, 1996, June
30, 1996,  September  30, 1996 and December  31,  1996.  In addition,  the first
quarterly  interest  payment was to be made on March 31, 1996,  for interest due
for the first quarter of 1996,  and quarterly  interest  payments  shall be made
thereafter on March 31st,  June 30th,  September  30th and December 31st of each
year.
                                                         6
<PAGE>
The  Promissory  Note for $25,000  accrues  interest at the rate of nine percent
(9%) per annum payable  quarterly and is  convertible  at the sole option of the
holder into a maximum of an  additional  30% of the common shares of the Company
determined by a sliding scale based on the audited pretax profits of the Company
during the  second and third  years of  operations  of the  Company on a sliding
scale based upon the Company  achieving  between 50% and 80% of the  projections
provided to Loeb. (Example: If the Company achieves 80% or better of projection,
no conversion;  if the Company  achieves 50% or less of  projection,  conversion
into  30% of the  Company;  if the  Company  achieves  between  50%  and  80% of
projection,  the note is  convertible  into the  pro-rata  portion of 30% of the
Company, i.e., 70% achievement equals one-third of the 30% of the Company.)

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

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

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

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

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

There was no cash paid for  interest  for the nine months  ended  September  30,
1996. As of the date of this report,  no cash has been paid to Loeb for interest
and the Company is technically in default on the Loeb Notes.  Accordingly,  such
notes  payable  are  classified  as  current  liabilities  in  the  accompanying
financial statements.
                                                         7
<PAGE>

Note 4            Computer Equipment Lease


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


Note 5            Loans Payable

Pursuant  to a private  offering,  the  Company  issued  11.5  units to  various
unrelated  third  parties in May and June 1996.  Each $50,000 unit consists of a
$49,000 three year promissory note bearing interest at 10% per annum and a Class
A redeemable common stock purchase warrant valued at $1,000 per unit.
              
The principal and interest on the promissory  notes are to be repaid the earlier
of three years from  issuance or thirty days after the closing date of the first
underwritten public offering of the Company's securities.

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


Note 6            Convertible Notes Payable

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

These notes bear interest at a rate of 7% per annum,  payable on the last day of
each calendar  quarter of each year,  commencing March 31, 1997, to the maturity
date.
If the  maturity  date of these notes  shall occur prior to January 1, 1998,  in
lieu of the $30,000  payment of the principal  amount due, the principal  amount
due shall be  converted  into  15,000  fully paid and  non-assessable  shares of
common stock of the Company.

Note 7  Stockholders' Equity

Stock Split - At the annual meeting,  stockholders  approved an amendment to the
Company's  Certificate of Incorporation  effecting a 2 for 1 reverse stock split
of the  outstanding  shares of Common Stock of the Company as of the record date
(June 25, 1996) from  5,669,731  shares to 2,834,866  shares.  The  accompanying
financial statements give retroactive effect to the stock split.
                                                         8
<PAGE>

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

Results of Operations

The Company is in the development  stage, has not yet generated any revenues and
has no commercial  operations to date. The Company has been  unprofitable  since
inception and expects to incur additional operating losses over the next several
fiscal  quarters.  The Company  does not expect to generate  any  revenues  from
operations  until 1997. As reflected in the accompanying  financial  statements,
the Company has incurred  losses  totaling  $1,375,652  since  inception  and at
September 30, 1996, had a working capital deficit of $1,188,068.

Selling,  general and administrative  expenses were $619,308 for the nine months
ended  September  30, 1996 as compared to $233,695  during the nine months ended
September  30,  1995.  The  primary  reason for the  difference  between the two
periods is the  commencement  of operations  during the earlier  period when the
Company had no  employees,  while during the latter period the Company was fully
operational  with 5  full-time  employees.  Payroll  and  payroll-related  costs
increased  approximately  $155,000 during 1996.  Other cost increases during the
1996 period consist of consulting fees ($49,000),  professional fees ($124,000),
travel costs ($19,000), marketing costs ($15,000) and other administrative costs
($23,000).  Selling,  general and administrative  expenses were $196,880 for the
three months ended  September 30, 1996, as compared to $105,384 during the three
months ended  September 30, 1995. The primary reason for the difference  between
the two periods is the commencement of operations during the earlier period when
the Company had 2 full-time and 2 part-time  employees,  while during the latter
period, the Company was fully operational with 5 full-time employees.

Liquidity and Capital Resources

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

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

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

During the quarter  ended March 31,  1996,  the Company sold 5,000 shares of the
Company's  restricted  Common Stock to a former  officer and the director of the
Company for $10,000. During the same period, the Company also sold 25,000 shares
of the Company's restricted Common Stock to an unrelated party for $50,000.

                                                         9
<PAGE>

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

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

During the  quarter  ended  September  30,  1996,  in order to raise  additional
working capital for the Company, Joseph Cutrona,  President of the Company, sold
a total of 32,500 shares of restricted common stock of the Company owned by him,
to sixteen  unrelated  third  parties at prices  ranging from $2.00 to $2.50 per
;share for total proceeds of $53,700.00.  During the quarter ended September 30,
1996,  Mr. Cutrona  remitted  $41,700.00 of these proceeds to the Company in the
form of a capital  contribution.  Subsequent to September 30, 1996,  Mr. Cutrona
remitted $12,000.00,  which represents the balance of the proceeds from the sale
of his stock, to the Company in the form of an additional capital  contribution.
Mr. Mark Kenny who at the time was Executive Vice President of the Company,  has
agreed to use his own  shares  of  restricted  common  stock of the  Company  to
reimburse Mr. Cutrona for one-half of the number of shares sold by Mr. Cutrona.

At  September  30, 1996,  the Company had cash of $76,550 and a working  capital
deficit of $1,188,068.  Management of the Company estimates that it will require
additional  funding  of  approximately  $750,000  to  provide  for  its  planned
operations for the next six months. The Company is exploring a number of options
to raise the required funds, including a contemplated public stock offering, but
there are no assurances that additional financing will be consummated.

PART II OTHER INFORMATION


ITEM 6.  Exhibits and Reports on Form 8-K

                  (b) Reports on Form 8-K.

 A report on Form 8-K, complete with all applicable exhibits, was filed on 
February 2, 1996.
                                                   10
<PAGE>

SIGNATURES

Pursuant to requirements of the Securities  Exchange Act of 1934, the Registrant
has duly  caused  this  report to be signed  on its  behalf by the  undersigned,
thereunto duly authorized.
                                             GENISYS RESERVATION SYSTEMS, INC.
                                              (formerly Robotic Lasers, Inc.)


Date:   November 14, 1996                            /s/ Joseph Cutrona
                                                     Joseph Cutrona
                                                     President and Chairman



Date:   November 14, 1996                            /s/ John H. Wasko
                                                     John H. Wasko
                                                     Secretary, Treasurer and
                                                     Principal Financial Officer


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