content: SECURITIES AND EXCHANGE COMMISSION
                               Washington, D.C. 20549
  
  
                                      FORM 8-K
  
  
                                   Current Report
                           Pursuant to Section 13 or 15(d)
                       of the Securities Exchange Act of 1934.
  
  
  
  
  Date of Report (Date of earliest event reported)  July 23, 1999 
  
                    GENISYS RESERVATION SYSTEMS, INC.               
          (Exact name of registrant as specified in its charter)
  
  
  
                            New Jersey                         
        (State or Other Jurisdiction of Incorporation)
  
      1-12689                             22-2719541           
  (Commission File Number)      (I.R.S. Employer Identification No.)
  
  
  2401 Morris Avenue, Union, New Jersey                 07083             
  (Address of principal executive offices)           (Zip Code)
  
  (908) 810-8767                                                
  (Registrant's telephone number, including area code)
  
  
  
  
  
  <PAGE>
  
  
  
  ITEM 2. Acquisition or Disposition of Assets
  
            Pursuant to the Asset  Purchase  Agreement  dated as of June 30, 1998,
  NetCruise (a wholly owned  subsidiary of the Company formed on July 21, 1998 for
  the  purpose of  operating  an internet  travel  agency)  acquired a  technology
  license and certain related assets from UIT in consideration of 2,000,000 shares
  of the  Company's  Common Stock  valued at $1.25 per share,  for an aggregate of
  $2,500,000 and two warrants ("Warrants"),  each entitling the holder to purchase
  800,000 shares of the Common Stock of the Company (the "UIT  Transaction").  One
  warrant  is  exercisable  for  800,000  shares  at $2.50  per  share  and may be
  exercised  between  April  1,  2002 and June  30,  2002,  but only if  NetCruise
  achieves  profits equal to or exceeding  $5,000,000 for the years 1999, 2000 and
  2001. The other Warrant is exercisable for 800,000 shares at $6.00 per share and
  may be exercised  between April 1, 2002 and June 30, 2002, but only if NetCruise
  achieves profits equal to or exceeding  $10,000,000 for the years 1999, 2000 and
  2001.  No value has been placed on the warrants  since each is  contingent  upon
  future earning.
  
           The Asset Purchase Agreement speaks as of June 30, 1998 and the Company
  has also booked the transaction for financial purposes as of that date.
  
  
  ITEM 7.  Financial Statements, Pro Forma Financial Information
  and Exhibits.
  
           (c)  Exhibits
  
                    1. Asset Purchase Agreement dated as of June 30, 1998.
  
  
                                                   SIGNATURES
  
           Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
  the  registrant  has duly  caused  this report to be signed on its behalf by the
  undersigned hereunto duly authorized.
  
  
  Genisys Reservation Systems, Inc.
         (Registrant)
  
  
  By: /s/ John Wasko, Treasurer
  
  DATED: March 26, 1999
  
  
  <PAGE>
metadata_documents: [{"type": "8-K", "sequence": "1", "description": "8-K", "secsgml_size_bytes": 2928}]
metadata_filer: {"company-data": {"conformed-name": "GENISYS RESERVATION SYSTEMS INC", "cik": "0000827100", "assigned-sic": "7389", "irs-number": "222719541", "state-of-incorporation": "NJ", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-29188", "film-number": "99574233"}, "business-address": {"street1": "P O BOX 2039", "street2": "2401 MORRIS AVE", "city": "UNION", "state": "NJ", "zip": "07083", "phone": "9088108767"}, "mail-address": {"street1": "P O BOX 2039", "city": "NEWARK", "state": "NJ", "zip": "07114"}, "former-company": {"former-conformed-name": "ROBOTIC LASERS INC", "date-changed": "19920703"}}
text: SECURITIES AND EXCHANGE COMMISSION
                               Washington, D.C. 20549
  
                                      FORM 8-K
  
                                   Current Report
                           Pursuant to Section 13 or 15(d)
                       of the Securities Exchange Act of 1934.
  
  Date of Report (Date of earliest event reported)  July 23, 1999 
  
                    GENISYS RESERVATION SYSTEMS, INC.               
          (Exact name of registrant as specified in its charter)
  
                            New Jersey                         
        (State or Other Jurisdiction of Incorporation)
  
      1-12689                             22-2719541           
  (Commission File Number)      (I.R.S. Employer Identification No.)
  
  2401 Morris Avenue, Union, New Jersey                 07083             
  (Address of principal executive offices)           (Zip Code)
  
  (908) 810-8767                                                
  (Registrant's telephone number, including area code)
  ITEM 2. Acquisition or Disposition of Assets
  
            Pursuant to the Asset  Purchase  Agreement  dated as of June 30, 1998,
  NetCruise (a wholly owned  subsidiary of the Company formed on July 21, 1998 for
  the  purpose of  operating  an internet  travel  agency)  acquired a  technology
  license and certain related assets from UIT in consideration of 2,000,000 shares
  of the  Company's  Common Stock  valued at $1.25 per share,  for an aggregate of
  $2,500,000 and two warrants ("Warrants"),  each entitling the holder to purchase
  800,000 shares of the Common Stock of the Company (the "UIT  Transaction").  One
  warrant  is  exercisable  for  800,000  shares  at $2.50  per  share  and may be
  exercised  between  April  1,  2002 and June  30,  2002,  but only if  NetCruise
  achieves  profits equal to or exceeding  $5,000,000 for the years 1999, 2000 and
  2001. The other Warrant is exercisable for 800,000 shares at $6.00 per share and
  may be exercised  between April 1, 2002 and June 30, 2002, but only if NetCruise
  achieves profits equal to or exceeding  $10,000,000 for the years 1999, 2000 and
  2001.  No value has been placed on the warrants  since each is  contingent  upon
  future earning.
  
           The Asset Purchase Agreement speaks as of June 30, 1998 and the Company
  has also booked the transaction for financial purposes as of that date.
  
  ITEM 7.  Financial Statements, Pro Forma Financial Information
  and Exhibits.
  
           (c)  Exhibits
  
                    1. Asset Purchase Agreement dated as of June 30, 1998.
  
                                                   SIGNATURES
  
           Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
  the  registrant  has duly  caused  this report to be signed on its behalf by the
  undersigned hereunto duly authorized.
  
  Genisys Reservation Systems, Inc.
         (Registrant)
  
  By: /s/ John Wasko, Treasurer
  
  DATED: March 26, 1999