UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                        WASHINGTON, D.C. 20549
                                  


                               FORM S-8

       REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933


     PHYSICIANS LASER SERVICES, INC. (f/k/a EXCEL RESOURCES, INC.)
            (Name of Registrant as Specified in its Charter)

                            Delaware
(State or other jurisdiction of incorporation or organization) 

                           13-3188137
             (I.R.S. Employer Identification Number)


3200, N. Federal Highway, P.O. Box 907, Boca Raton, FL 33429-0907 
             (Address of Principal Executive Office)


               Employee/Consultant Compensation Plan              
                    (Full title of the plan)


                       Frank R. Brady, Esq.
                        Frank Brady, P.A.
                     370 Camino Gardens Blvd.
                      Boca Raton, FL 33432
             (Name and Address of Agent for Service)


                           407-338-9256                           
  (Telephone number, including area code, of Agent for Service)



                Calculation of Registration Fee:

Title of securities to be reported - COMMON STOCK

Amount to be registered - 350,000 shares

Proposed maximum
offering price per unit - $1.00

Proposed maximum
aggregate offering price - $350,000.00

Amount of registration fee - $120.69<PAGE>
                          PART I

Item 1.     Plan Information.  (a)(1) The title of the Plan shall 
            be the "Employee/Consultant Compensation Plan" and the 
            name of the Registrant whose securities are to be     
            offered pursuant to the plan is Physicians Laser      
            Services, Inc.

            (2) The general nature and purpose of the plan is to  
            pay and satisfy the compensation (in the form of shares
            of the Registrant's common stock) owed to certain     
            officers, consultants and advisors of the Registrant  
            who have assisted the Registrant in organizing and    
            making current its filings with the Commission,       
            marketing the Registrant's mobile laser business,     
            planning and negotiating for the acquisition of       
            subsidiary companies for Registrant.  The duration of 
            the plan shall be for a period of one year after the  
            date of filing of this Form S-8 with the Securities   
            Exchange Commission.  There are no provisions for early
            termination of modification of the plan.  The plan is 
            not intended to be any form of tax deferred           
            compensation or other retirement benefit plan. 
            Rather, it is intended exclusively for payment of
            compensation to officers, consultants and advisors
            pursuant to written contracts between such consultants,
            advisors or employees and the Registrant or outstanding
            obligations of the Registrant to such consultants,
            advisors and/or employees predating this Form S-8.

            (3) The plan is not an employee retirement benefit plan
            and is not subject to any provision of ERISA.

            (4) The address and telephone number that may be used 
            to obtain additional information about the plan being
            registered in this Form S-8 is (561) 750-2300.  Since 
            the exclusive purpose of this plan is to provide      
            compensation (in the form of shares of the Registrant's
            capital stock) to the officers, consultants and       
            advisors of the Registrant, there are no assets of the 
            plan, nor is there any investment of any funds in the 
            plan.

      (b)   (1) The title and total amount of securities to be
            offered pursuant to the plan is 350,000 shares of
            Registrant's common stock.

            (2) The stock offered under the plan has been         
            registered under section 6 of the Securities Act of   
            1933 and an order declaring the registration statement 
            effective pursuant to section 8(a) of the Securities  
            Act of 1933 has been issued on June 13, 1984.  The    
            Registrant's SEC file number is 2-89401, and the      
            information contained in the aforesaid registration   
            statement is hereby incorporated into this Form S-8 by 
            reference.

      (c)   Persons and parties who may participate in the plan
            include, exclusively: the officers of the Registrant  
            and its consultants and business advisors who have    
            assisted the Registrant in applying for its           
            registration on the NASD bulletin board exchange,     
            negotiated in behalf of the Registrant with merger    
            and/or acquisition candidates, provided management    
            consulting services, legal advice and/or accounting   
            advice or services to Registrant, provided market     
            analysis for the Registrant's mobile laser business and
            assisted the Registrant in making current all filings 
            necessary or appropriate under section 15(d) of the   
            Securities Exchange Act of 1934.

      (d)   The period of time within which the above described
            officers, consultants and advisors may participate in 
            the plan is one year from the date of filing of this  
            Form S-8 with the Securities Exchange Commission.  The 
            basis of the price at which the securities may be     
            purchased is one share of common stock for each $1.00 
            billed to the Registrant for services rendered by the 
            officers, consultants and advisors who are eligible to 
            participate as described in paragraph (c) above for the
            bona fide services rendered by such officers, business 
            consultants and advisors.  The securities are not to be
            purchased in the open market, but instead, are to be  
            issued directly by the Registrant.  Accordingly, no   
            commission or other charges are imposed for the       
            issuance of the shares.

      (e)   The Registrant has informed its consultants, advisors,
            employees and others eligible to participate in the   
            plan that the shares issued under this plan are       
            restricted only as provided under and in accordance   
            with Rules 415 and 701 of the Rules and Regulations   
            under the Securities Act of 1933, as amended, and as  
            provided in subparagraphs 1(b), 2 and 3(b) of paragraph
            C of the General Instructions to Form S-8.

      (f)   The plan is not, and is not in any way intended to be, 
            a "qualified plan" under section 401 of the Internal
            Revenue Code.  Paragraphs (g), (h), (i) and (j) of Item
            1 are inapplicable.
<PAGE>
                                   PART II

Item 3.     Incorporation of Documents by Reference.  The following
            documents are incorporated herein by reference: (a) the
            Registrant's registration statement and order declaring
            the same to be effective dated June 13, 1984; (b) the
            Registrant's latest form 10-QSB filed with the SEC on 
            May 22, 1996; (c) the Registrant's latest annual report
            (Form 10-K for 1995) filed pursuant to section 13(a) or
            15(d) of the Securities Exchange Act of 1934 and the
            Registrant's audited financial statements for the     
            period ended October 31, 1995 attached to its Form 10-K 
            for 1995; and (d) all other reports filed pursuant to 
            section 13(a) or 15(d) of the Securities Exchange Act 
            of 1934 since the end of the fiscal year covered by the 
            documents referred to in (b) above.


Item 4.     Description of Securities.  (a)(1) The securities
            registered under this compensatory benefit plan are the
            Registrant's common stock, which bear the exclusive   
            right to vote on all matters requiring shareholder    
            approval under the Registrant's bylaws and the right to 
            receive all dividends declared by the Registrant board 
            of directors.  The Registrant has authorized up to 10
            million shares of preferred stock; however, there are 
            no shares of preferred stock currently issued or      
            outstanding by the Registrant or any other securities 
            having a preference on dividends, liquidation or assets
            of the Registrant over the rights of the common equity
            securities holders.

            (2)  The Registrant is not including any preferred    
            stock as part of this plan.

            (3)  Except as summarized in Item 4(a)(1), there are no
            other material rights of the owners of the stock      
            included in this compensatory benefit plan.

            (4)  There are no material provisions of the          
            Registrant's articles of incorporation or bylaws that 
            may delay, defer or prevent the occurrence of a "Change
            in Control".

      (b)   The Registrant is not offering or including in this
            compensatory benefit plan any debt securities.

      (c)   The Registrant is not offering or including in this
            compensatory benefit plan any other securities.


Item 5.     Interests of Named Experts and Counsel.  The Registrant
            has not engaged any "expert" within the meaning of Item
            509 of Regulation S-K for the purpose of preparing this
            registration statement.  The Registrant has engaged   
            Frank R. Brady, Esq. of the law office of Frank Brady, 
            P.A., 370 W. Camino Gardens Blvd., Suites 336 & 337,  
            Boca Raton, Florida 33432 as its "counsel" who is to  
            receive a substantial interest in the shares of       
            Registrant's common stock registered under this Form  
            S-8 in consideration for bona fide services rendered to
            Registrant during the six month period preceding the  
            date of this Form S-8.


Item 6.     Indemnification of Directors.  The Registrant's       
            President & CEO and the Chairman of its Board of      
            Directors is each a controlling person and, pursuant to
            their respective employment contracts, each has been  
            indemnified by the Registrant with respect to errors or
            omissions in the performance of their duties as       
            officers and directors of the Registrant.


Item 7.     Exemption from Registration.  The Registrant is       
            claiming an exemption from registration for the       
            securities constituting part of this compensatory     
            benefit plan pursuant to Rule 415 and Regulation E,   
            Rule 701 of the Rules and Regulations under Securities 
            Act of 1933, as amended.  Specifically, in accordance 
            with paragraph (b)(1)(i) of Rule 701, the Registrant  
            has established this compensatory benefit plan for the 
            participation of its employees, directors, officers,  
            consultants and advisors as compensation for bona fide 
            services rendered or to be rendered to the Registrant, 
            and has informed such employees, directors, officers, 
            consultants and advisors that compensation under this 
            plan must not be for services rendered in connection  
            with the offer and sale of securities in a capital    
            raising transaction.

            The Registrant has also claimed an exemption for      
            reoffers and resales on a continuous and delayed basis 
            in the future of any restricted securities issued under
            this compensatory benefit plan pursuant to general    
            instruction C of Form S-8 and, in connection therewith,
            has prepared a separate reoffer prospectus as a part of
            this Form S-8 registration statement.


Item 8.     Exhibits.  The Registrant has previously filed a      
            registration statement under section 6 of the         
            Securities Act of 1933 and an order declaring the     
            registration statement effective pursuant to section  
            8(a) of the Securities Act of 1933 has been issued by 
            the Securities Exchange Commission on June 13, 1984.  
            The Registrant's SEC file number is 2-89401, and the  
            stock offered under the plan is the same as has already
            been so registered.  The information contained in the 
            aforesaid registration statement is hereby incorporated
            into this Form S-8 by reference.  As indicated in Item 
            3 of this Form S-8, the Registrant also incorporates  
            the Registrant's latest annual report (Form 10-K for  
            1995) filed pursuant to section 13(a) or 15(d) of the 
            Securities Exchange Act of 1934 and the Registrant's  
            audited financial statements for the period ended     
            October 31, 1995 attached to its Form 10-K for 1995;  
            and all  other reports filed pursuant to section 13(a) 
            or 15(d) of the Securities Exchange Act of 1934 since 
            the end of the Registrant's 1995 fiscal year.  As     
            indicated in Item 7 of this Form S-8, the Registrant  
            also incorporates into this Form S-8 the reoffer      
            prospectus prepared and filed contemporaneously
            with this Form S-8.


Item 9.     Undertakings.  The Registrant hereby undertakes to
            comply, to the extent not previously complied with in 
            its June 13, 1984 registration statement, all         
            requirements of Item 512 of Regulation S-B or S-K, as 
            applicable.


      IN WITNESS WHEREOF, pursuant to the requirements of the
Securities Act of 1933, the undersigned officer of the Registrant
hereby certifies that the Registrant has reasonable grounds to
believe that it meets all of the requirements for filing on Form S-
8 and has duly caused this registration statement to be signed in
the name and on behalf of the Registrant by its undersigned duly
authorized officer, in the City of Boca Raton, State of Florida on
this 24th day of June, 1996.

Physicians Laser Services, Inc.
(f/k/a Ex-Cel Resources, Inc.)


By:/s/ Raymond F. Stack, president
   and treasurer


      Pursuant to the requirements of the Securities Act of 1933,
this registration statement has been signed by the following
persons in the capacities and on this 24th day of June, 1996,
constituting the full board of directors of the Registrant.

/s/ Raymond F. Stack, as member of
    Registrant's board of directors


/s/ Gerard D. Grau, as a member of
    Registrant's board of directors
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                        WASHINGTON, D.C. 20549
                                  

                               FORM S-8

       REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

     PHYSICIANS LASER SERVICES, INC. (f/k/a EXCEL RESOURCES, INC.)
            (Name of Registrant as Specified in its Charter)

                            Delaware
(State or other jurisdiction of incorporation or organization) 

                           13-3188137
             (I.R.S. Employer Identification Number)

3200, N. Federal Highway, P.O. Box 907, Boca Raton, FL 33429-0907 
             (Address of Principal Executive Office)

               Employee/Consultant Compensation Plan              
                    (Full title of the plan)

                       Frank R. Brady, Esq.
                        Frank Brady, P.A.
                     370 Camino Gardens Blvd.
                      Boca Raton, FL 33432
             (Name and Address of Agent for Service)

                           407-338-9256                           
  (Telephone number, including area code, of Agent for Service)

                Calculation of Registration Fee:

Title of securities to be reported - COMMON STOCK

Amount to be registered - 350,000 shares

Proposed maximum
offering price per unit - $1.00

Proposed maximum
aggregate offering price - $350,000.00

Amount of registration fee - $120.69
PART I

Item 1.     Plan Information.  (a)(1) The title of the Plan shall 
            be the "Employee/Consultant Compensation Plan" and the 
            name of the Registrant whose securities are to be     
            offered pursuant to the plan is Physicians Laser      
            Services, Inc.

            (2) The general nature and purpose of the plan is to  
            pay and satisfy the compensation (in the form of shares
            of the Registrant's common stock) owed to certain     
            officers, consultants and advisors of the Registrant  
            who have assisted the Registrant in organizing and    
            making current its filings with the Commission,       
            marketing the Registrant's mobile laser business,     
            planning and negotiating for the acquisition of       
            subsidiary companies for Registrant.  The duration of 
            the plan shall be for a period of one year after the  
            date of filing of this Form S-8 with the Securities   
            Exchange Commission.  There are no provisions for early
            termination of modification of the plan.  The plan is 
            not intended to be any form of tax deferred           
            compensation or other retirement benefit plan. 
            Rather, it is intended exclusively for payment of
            compensation to officers, consultants and advisors
            pursuant to written contracts between such consultants,
            advisors or employees and the Registrant or outstanding
            obligations of the Registrant to such consultants,
            advisors and/or employees predating this Form S-8.

            (3) The plan is not an employee retirement benefit plan
            and is not subject to any provision of ERISA.

            (4) The address and telephone number that may be used 
            to obtain additional information about the plan being
            registered in this Form S-8 is (561) 750-2300.  Since 
            the exclusive purpose of this plan is to provide      
            compensation (in the form of shares of the Registrant's
            capital stock) to the officers, consultants and       
            advisors of the Registrant, there are no assets of the 
            plan, nor is there any investment of any funds in the 
            plan.

      (b)   (1) The title and total amount of securities to be
            offered pursuant to the plan is 350,000 shares of
            Registrant's common stock.

            (2) The stock offered under the plan has been         
            registered under section 6 of the Securities Act of   
            1933 and an order declaring the registration statement 
            effective pursuant to section 8(a) of the Securities  
            Act of 1933 has been issued on June 13, 1984.  The    
            Registrant's SEC file number is 2-89401, and the      
            information contained in the aforesaid registration   
            statement is hereby incorporated into this Form S-8 by 
            reference.

      (c)   Persons and parties who may participate in the plan
            include, exclusively: the officers of the Registrant  
            and its consultants and business advisors who have    
            assisted the Registrant in applying for its           
            registration on the NASD bulletin board exchange,     
            negotiated in behalf of the Registrant with merger    
            and/or acquisition candidates, provided management    
            consulting services, legal advice and/or accounting   
            advice or services to Registrant, provided market     
            analysis for the Registrant's mobile laser business and
            assisted the Registrant in making current all filings 
            necessary or appropriate under section 15(d) of the   
            Securities Exchange Act of 1934.

      (d)   The period of time within which the above described
            officers, consultants and advisors may participate in 
            the plan is one year from the date of filing of this  
            Form S-8 with the Securities Exchange Commission.  The 
            basis of the price at which the securities may be     
            purchased is one share of common stock for each $1.00 
            billed to the Registrant for services rendered by the 
            officers, consultants and advisors who are eligible to 
            participate as described in paragraph (c) above for the
            bona fide services rendered by such officers, business 
            consultants and advisors.  The securities are not to be
            purchased in the open market, but instead, are to be  
            issued directly by the Registrant.  Accordingly, no   
            commission or other charges are imposed for the       
            issuance of the shares.

      (e)   The Registrant has informed its consultants, advisors,
            employees and others eligible to participate in the   
            plan that the shares issued under this plan are       
            restricted only as provided under and in accordance   
            with Rules 415 and 701 of the Rules and Regulations   
            under the Securities Act of 1933, as amended, and as  
            provided in subparagraphs 1(b), 2 and 3(b) of paragraph
            C of the General Instructions to Form S-8.

      (f)   The plan is not, and is not in any way intended to be, 
            a "qualified plan" under section 401 of the Internal
            Revenue Code.  Paragraphs (g), (h), (i) and (j) of Item
            1 are inapplicable.
PART II

Item 3.     Incorporation of Documents by Reference.  The following
            documents are incorporated herein by reference: (a) the
            Registrant's registration statement and order declaring
            the same to be effective dated June 13, 1984; (b) the
            Registrant's latest form 10-QSB filed with the SEC on 
            May 22, 1996; (c) the Registrant's latest annual report
            (Form 10-K for 1995) filed pursuant to section 13(a) or
            15(d) of the Securities Exchange Act of 1934 and the
            Registrant's audited financial statements for the     
            period ended October 31, 1995 attached to its Form 10-K 
            for 1995; and (d) all other reports filed pursuant to 
            section 13(a) or 15(d) of the Securities Exchange Act 
            of 1934 since the end of the fiscal year covered by the 
            documents referred to in (b) above.

Item 4.     Description of Securities.  (a)(1) The securities
            registered under this compensatory benefit plan are the
            Registrant's common stock, which bear the exclusive   
            right to vote on all matters requiring shareholder    
            approval under the Registrant's bylaws and the right to 
            receive all dividends declared by the Registrant board 
            of directors.  The Registrant has authorized up to 10
            million shares of preferred stock; however, there are 
            no shares of preferred stock currently issued or      
            outstanding by the Registrant or any other securities 
            having a preference on dividends, liquidation or assets
            of the Registrant over the rights of the common equity
            securities holders.

            (2)  The Registrant is not including any preferred    
            stock as part of this plan.

            (3)  Except as summarized in Item 4(a)(1), there are no
            other material rights of the owners of the stock      
            included in this compensatory benefit plan.

            (4)  There are no material provisions of the          
            Registrant's articles of incorporation or bylaws that 
            may delay, defer or prevent the occurrence of a "Change
            in Control".

      (b)   The Registrant is not offering or including in this
            compensatory benefit plan any debt securities.

      (c)   The Registrant is not offering or including in this
            compensatory benefit plan any other securities.

Item 5.     Interests of Named Experts and Counsel.  The Registrant
            has not engaged any "expert" within the meaning of Item
            509 of Regulation S-K for the purpose of preparing this
            registration statement.  The Registrant has engaged   
            Frank R. Brady, Esq. of the law office of Frank Brady, 
            P.A., 370 W. Camino Gardens Blvd., Suites 336 & 337,  
            Boca Raton, Florida 33432 as its "counsel" who is to  
            receive a substantial interest in the shares of       
            Registrant's common stock registered under this Form  
            S-8 in consideration for bona fide services rendered to
            Registrant during the six month period preceding the  
            date of this Form S-8.

Item 6.     Indemnification of Directors.  The Registrant's       
            President & CEO and the Chairman of its Board of      
            Directors is each a controlling person and, pursuant to
            their respective employment contracts, each has been  
            indemnified by the Registrant with respect to errors or
            omissions in the performance of their duties as       
            officers and directors of the Registrant.

Item 7.     Exemption from Registration.  The Registrant is       
            claiming an exemption from registration for the       
            securities constituting part of this compensatory     
            benefit plan pursuant to Rule 415 and Regulation E,   
            Rule 701 of the Rules and Regulations under Securities 
            Act of 1933, as amended.  Specifically, in accordance 
            with paragraph (b)(1)(i) of Rule 701, the Registrant  
            has established this compensatory benefit plan for the 
            participation of its employees, directors, officers,  
            consultants and advisors as compensation for bona fide 
            services rendered or to be rendered to the Registrant, 
            and has informed such employees, directors, officers, 
            consultants and advisors that compensation under this 
            plan must not be for services rendered in connection  
            with the offer and sale of securities in a capital    
            raising transaction.

            The Registrant has also claimed an exemption for      
            reoffers and resales on a continuous and delayed basis 
            in the future of any restricted securities issued under
            this compensatory benefit plan pursuant to general    
            instruction C of Form S-8 and, in connection therewith,
            has prepared a separate reoffer prospectus as a part of
            this Form S-8 registration statement.

Item 8.     Exhibits.  The Registrant has previously filed a      
            registration statement under section 6 of the         
            Securities Act of 1933 and an order declaring the     
            registration statement effective pursuant to section  
            8(a) of the Securities Act of 1933 has been issued by 
            the Securities Exchange Commission on June 13, 1984.  
            The Registrant's SEC file number is 2-89401, and the  
            stock offered under the plan is the same as has already
            been so registered.  The information contained in the 
            aforesaid registration statement is hereby incorporated
            into this Form S-8 by reference.  As indicated in Item 
            3 of this Form S-8, the Registrant also incorporates  
            the Registrant's latest annual report (Form 10-K for  
            1995) filed pursuant to section 13(a) or 15(d) of the 
            Securities Exchange Act of 1934 and the Registrant's  
            audited financial statements for the period ended     
            October 31, 1995 attached to its Form 10-K for 1995;  
            and all  other reports filed pursuant to section 13(a) 
            or 15(d) of the Securities Exchange Act of 1934 since 
            the end of the Registrant's 1995 fiscal year.  As     
            indicated in Item 7 of this Form S-8, the Registrant  
            also incorporates into this Form S-8 the reoffer      
            prospectus prepared and filed contemporaneously
            with this Form S-8.

Item 9.     Undertakings.  The Registrant hereby undertakes to
            comply, to the extent not previously complied with in 
            its June 13, 1984 registration statement, all         
            requirements of Item 512 of Regulation S-B or S-K, as 
            applicable.

      IN WITNESS WHEREOF, pursuant to the requirements of the
Securities Act of 1933, the undersigned officer of the Registrant
hereby certifies that the Registrant has reasonable grounds to
believe that it meets all of the requirements for filing on Form S-
8 and has duly caused this registration statement to be signed in
the name and on behalf of the Registrant by its undersigned duly
authorized officer, in the City of Boca Raton, State of Florida on
this 24th day of June, 1996.

Physicians Laser Services, Inc.
(f/k/a Ex-Cel Resources, Inc.)

By:/s/ Raymond F. Stack, president
   and treasurer

      Pursuant to the requirements of the Securities Act of 1933,
this registration statement has been signed by the following
persons in the capacities and on this 24th day of June, 1996,
constituting the full board of directors of the Registrant.

/s/ Raymond F. Stack, as member of
    Registrant's board of directors

/s/ Gerard D. Grau, as a member of
    Registrant's board of directors