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) June 30, 1998 
  
                    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
  
           As of June 30, 1998, the Company through  NetCruise  Interactive,  Inc.
  (NetCruise),  its wholly owned subsidiary,  acquired the exclusive and worldwide
  rights and license for "Parallel  Addressing  Video  Technology"  for all travel
  related applications from United Internet  Technologies,  Inc. formerly known as
  United Leisure  Interactive,  Inc.,  ("UIT") a wholly owned subsidiary of United
  Leisure  Corporation.  In addition,  the Company  acquired all of the  software,
  computer  systems and  intellectual  properties  related to the travel business,
  including the Travel Web Site called  "NetCruise.com"  . The Company  intends to
  operate an internet travel agency  featuring the technology and assets acquired.
  The purchase price for the assets acquired  consisted of 2,000,000 shares of the
  Company's restricted common stock valued at $1.25 per share and two common stock
  purchase  warrants for restricted  common shares of the Company as consideration
  for the  transaction.  Both warrants are  exercisable  between April 1, 2002 and
  June 30, 2002,  if NetCruise  meets  certain  profit  levels,  as defined in the
  purchase  agreement.  One warrant is  exercisable  for 800,000  shares at $3 per
  share and the other warrant is exercisable for 800,000 shares at $6 per share.
  
  
  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: John Wasko, Treasurer
  
  DATED:  January 25, 1999
metadata_documents: [{"type": "8-K", "sequence": "1", "description": "8-K", "secsgml_size_bytes": 2970}]
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": "99511939"}, "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) June 30, 1998 
  
                    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
  
           As of June 30, 1998, the Company through  NetCruise  Interactive,  Inc.
  (NetCruise),  its wholly owned subsidiary,  acquired the exclusive and worldwide
  rights and license for "Parallel  Addressing  Video  Technology"  for all travel
  related applications from United Internet  Technologies,  Inc. formerly known as
  United Leisure  Interactive,  Inc.,  ("UIT") a wholly owned subsidiary of United
  Leisure  Corporation.  In addition,  the Company  acquired all of the  software,
  computer  systems and  intellectual  properties  related to the travel business,
  including the Travel Web Site called  "NetCruise.com"  . The Company  intends to
  operate an internet travel agency  featuring the technology and assets acquired.
  The purchase price for the assets acquired  consisted of 2,000,000 shares of the
  Company's restricted common stock valued at $1.25 per share and two common stock
  purchase  warrants for restricted  common shares of the Company as consideration
  for the  transaction.  Both warrants are  exercisable  between April 1, 2002 and
  June 30, 2002,  if NetCruise  meets  certain  profit  levels,  as defined in the
  purchase  agreement.  One warrant is  exercisable  for 800,000  shares at $3 per
  share and the other warrant is exercisable for 800,000 shares at $6 per share.
  
  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: John Wasko, Treasurer
  
  DATED:  January 25, 1999