<PAGE>

As filed with the Securities Exchange Commission on July 11, 2001
                                                           Registration No. 333-
================================================================================

                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                                   FORM S-8
                            REGISTRATION STATEMENT
                                     Under
                          THE SECURITIES ACT OF 1933


                  ENTERTAINMENT TECHNOLOGIES & PROGRAMS, INC.
            (Exact Name of Registrant as Specified in its Charter)



             Delaware                                87-521389

   (State or other Jurisdiction of       (I.R.S. Employer Identification No.)
   Incorporation or Organization)



                         17300 Saturn Lane, Suite 111
                               Houston, TX 77058
                                (281) 486-6115

              (Address, Including Zip Code, and Telephone Number,
       Including Area Code, of Registrant's Principal Executive Offices)


                     MARCH 2001 EMPLOYEE STOCK BONUS PLAN

                           (Full Title of the Plan)

                               James D. Butcher
                         17300 Saturn Lane, Suite 111
                               Houston, TX 77058
                                (281) 486-6115

           (Name, Address, Including Zip Code and Telephone Number,
                  Including Area Code, of Agent for Service)

                                  Copies to:

                         Donald G. Johnson, Jr., Esq.
                  Richman, Mann, Chizever, Phillips & Duboff
                      9601 Wilshire Boulevard - Penthouse
                        Beverly Hills, California 90210
                                (310) 274-8300
                             (310) 274-2831 (fax)
<PAGE>

                        CALCULATION OF REGISTRATION FEE

<TABLE>
<CAPTION>
   Title of Each Class of        Amount to be        Proposed Maximum            Proposed Maximum            Amount of
Securities to be Registered       Registered     Offering Price per Share    Aggregate Offering Price    Registration Fee
---------------------------      ------------    ------------------------    ------------------------    ----------------
<S>                              <C>             <C>                         <C>                         <C>
       Common Stock               3,895,538             $0.7 (1)                     $272,688                $68.17
</TABLE>

(1)  Based on the average of the high and low prices per share of Common Stock
of the Registrant as reported on the NASDAQ bulletin board market on July 5,
2001.

                                 INTRODUCTION

This Registration Statement on Form S-8 is filed by Entertainment Technologies &
Programs, Inc. (the "Company" or the "Registrant"), relating to 3,895,538 shares
of its Common Stock, par value $.001 per share (the "Common Stock"), issuable to
the employees of the Registrant under the March 2001 Employee Stock Bonus Plan
(the "Plan").

                                    PART I

               INFORMATION REQUIRED IN SECTION 10(a) PROSPECTUS

Item 1.  Plan Information.

  The Plan.

  A copy of the Plan is attached hereto and incorporated herein by reference.

Item 2.  Registrant Information and Employee Plan Annual Information.

  Available Information.

  Copies of the Plan, 10-KSB Annual Report of the Registrant for the fiscal year
ended September 30, 2000, all 10-QSB Quarterly Reports, any Current Reports
and/or proxy or information statements filed with the Securities and Exchange
Commission (the "Commission") during the past twelve months have been provided
to the Plan participants.

  The Registrant also undertakes to furnish, without charge, to any such
participant or person purchasing any of the securities registered hereby, copies
of all of such documentation.  Requests should be directed to James D. Butcher,
President, at the address and telephone appearing on the Cover Page of this
Registration Statement.

  Additional information regarding the Registrant may be reviewed at the
Commission web site at www.sec.gov in the EDGAR Archives.
                       -----------

                                       1
<PAGE>

                                    PART II

              INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

Item 3.  Incorporation of Documents by Reference.

The following documents, which previously have been filed by the Registrant with
the Commission are incorporated herein by reference and made a part hereof:

  (a) The Registrant's latest Annual Report on Form 10-KSB for the fiscal year
ended September 30, 2000;

  (b) All other reports filed pursuant to Section 13(a) or 15(d) of the
Securities Exchange Act of 1934 (the "Exchange Act") since the end of the fiscal
year covered by the Annual Report referred to in (i) above; and

  (c) The description of Registrant's Common Stock contained in its Registration
Statement on Form 10, including any amendment or report filed, for the purpose
of updating such description.

  All reports and other documents filed by the Registrant pursuant to Sections
13(a), 13(c), 14 or 15(d) of the Exchange Act subsequent to the date of this
Registration Statement and prior to the filing of a post-effective amendment
hereto, which indicates that all securities offered hereunder have been sold or
which deregisters all securities then remaining unsold, shall be deemed to be
incorporated by reference herein and to be a part hereof from the date of filing
of such documents.

Item 4.  Description of Securities.

  Not applicable.

Item 5.  Interests of Named Experts and Counsel.

  Not applicable.

Item 6.  Indemnification of Directors and Officers.

  Under the Delaware General Corporation Law, a corporation has the power to
indemnify any person who is made a party to any civil, criminal, administrative
or investigative proceeding, other than an action by or in the right of the
corporation, by reason of the fact that such person was a director, officer,
employee or agent of the corporation, against expenses, including reasonable
attorneys' fees, judgments, fines and amounts paid in settlement of any such
actions; provided, however, in any criminal proceeding, the indemnified person
shall have had no reason to believe the conduct was committed was unlawful.

  In addition, the Registrant's by-laws provide that the Registrant will
indemnify the directors and officers from claims, liabilities, damages,
expenses, losses, costs, penalties or amounts paid in settlement incurred by any
director or officer arising out of his capacity as a director or officer of the
Registrant to the maximum extent provided by applicable law.

Item 7.  Exemption from Registration Claimed.

Not applicable.

                                       2
<PAGE>

Item 8.  Exhibits.

Exhibit
Number    Exhibit Description

5.1       Legal Opinion of Richman, Mann, Chizever, Phillips & Duboff

23.1      Consent of Richman, Mann, Chizever, Phillips & Duboff (contained in
          Exhibit 5.1)

23.2      Consent of Ham, Langston & Brezina, L.L.P. (independent auditors)

24.1      Power of Attorney (contained on signature page hereto)

99.1      March 2001 Employee Stock Bonus Plan


Item 9.  Undertakings.

  (a) The undersigned Registrant hereby undertakes:

      (1) To file, during any period in which offers or sales are being made, a
  post?effective amendment to this registration statement:

          (i)   To include any prospectus required by section 10(a)(3) of the
      Securities Act;

          (ii)  To reflect in the prospectus any facts or events arising after
      the effective date of the registration statement (or the most recent post-
      effective amendment thereof) which, individually or in the aggregate,
      represent a fundamental change in the information set forth in the
      registration statement. Notwithstanding the foregoing, any increase or
      decrease in volume of securities offered (if the total dollar value of
      securities offered would not exceed that which was registered) and any
      deviation from the low or high end of the estimated maximum offering range
      may be reflected in the form of prospectus filed with the Commission
      pursuant to Rule 424(b) if, in the aggregate, the changes in volume and
      price represent no more than a 20 percent change in the maximum aggregate
      offering price set forth in the "Calculation of Registration Fee" table in
      the effective registration statement;

          (iii) To include any material information with respect to the plan of
      distribution not previously disclosed in the registration statement or any
      material change to such information in the registration statement;
      provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply
      if the information required to be included in a post-effective amendment
      by those paragraphs is contained in periodic reports filed by the
      Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act
      that are incorporated by reference in this registration statement.

      (2) That, for the purpose of determining any liability under the
  Securities Act, each such post-effective amendment shall be deemed to be a new
  registration statement relating to the securities offered therein, and the
  offering of such securities at that time shall be deemed to be the initial
  bona fide offering thereof.

      (3) To remove from registration by means of a post-effective amendment any
  of the securities being registered which remain unsold at the termination of
  the offering.

                                       3
<PAGE>

                                  SIGNATURES

  Pursuant to the requirements of the Securities Act of 1933, the Registrant
certifies that it has reasonable grounds to believe that it meets all the
requirements for filing on Form S?8 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Houston, Texas, on March 15, 2001.


                                       ENTERTAINMENT TECHNOLOGIES &
                                       PROGRAMS, INC.

                                       By:  /s/ James D. Butcher
                                       -------------------------
                                       James D. Butcher, Chief Executive Officer

                                       4
<PAGE>

                               POWER OF ATTORNEY

  Each of the undersigned hereby constitutes and appoints Mr. James D. Butcher,
as his attorneys-in-fact and agent, with full power of substitution and
resubstitution for him in any and all capacities, to sign any and all amendments
or post-effective amendments to this Registration Statement, and to file the
same, with exhibits thereto and other documents in connection therewith, with
the Securities and Exchange Commission, granting unto such attorney-in-fact and
agent full power and authority to do and perform each and every act and thing
requisite and necessary in connection with such matters and hereby ratifying and
confirming that such attorney-in-fact and agent or his substitute may do or
cause to be done by virtue hereof.

  Pursuant to the requirements of the Securities Act of 1933, this Registration
Statement has been signed below by the following persons in the capacities
indicated on the dates indicated.

<TABLE>
<CAPTION>
Signature                               Capacity                                  Date
<S>                                <C>                                       <C>
/s/ James D. Butcher               Chairman of the Board                     March 15, 2001
-------------------------------
James D. Butcher                   Chief Executive Officer
(Principal Executive Officer)

/s/ Leonida Butcher                Director                                  March 21, 2001
-------------------------------
Leonida Butcher

/s/ William Grasberger             Director and Secretary                    March 20, 2001
-------------------------------
William Grasberger

/s/ Mark Madamba                   Director                                  March 20, 2001
-------------------------------
Mark Madamba

/s/ Gobind Sahney                  Director                                  March 19, 2001
-------------------------------
Gobind Sahney

/s/ Douglas Miller                 Director                                  March 19, 2001
-------------------------------
Douglas Miller

/s/ George C. Woods                President and Chief Financial Officer     March 19, 2001
-------------------------------
George C. Woods
</TABLE>

                                       5
<PAGE>

                                 EXHIBIT INDEX

Exhibit
Number    Exhibit Description

5.1       Legal Opinion of Richman, Mann, Chizever, Phillips & Duboff

23.1      Consent of Richman, Mann, Chizever, Phillips & Duboff (contained in
          Exhibit 5.1)

23.2      Consent of Ham, Langston & Brezina, L.L.P. (independent auditors)

24.1      Power of Attorney (contained on signature page hereto)

99.1      March 2001 Employee Stock Bonus Plan

                                       6
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{"company-data": {"conformed-name": "ENTERTAINMENT TECHNOLOGIES & PROGRAMS INC", "cik": "0000922257", "assigned-sic": "1311", "irs-number": "870521389", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-64954", "film-number": "1679328"}, "business-address": {"street1": "16055 SPACE CENTER BLVD", "street2": "SUITE 230", "city": "HOUSTON", "state": "TX", "zip": "77062", "phone": "2814866115"}, "mail-address": {"street1": "16055 SPACE CENTER BLVD", "street2": "SUITE 230", "city": "HOUSTON", "state": "TX", "zip": "77062"}, "former-company": {"former-conformed-name": "WESTCOTT FINANCIAL CORP", "date-changed": "19940426"}}
As filed with the Securities Exchange Commission on July 11, 2001
                                                           Registration No. 333-
================================================================================

                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                                   FORM S-8
                            REGISTRATION STATEMENT
                                     Under
                          THE SECURITIES ACT OF 1933

                  ENTERTAINMENT TECHNOLOGIES & PROGRAMS, INC.
            (Exact Name of Registrant as Specified in its Charter)

             Delaware                                87-521389

   (State or other Jurisdiction of       (I.R.S. Employer Identification No.)
   Incorporation or Organization)

                         17300 Saturn Lane, Suite 111
                               Houston, TX 77058
                                (281) 486-6115

              (Address, Including Zip Code, and Telephone Number,
       Including Area Code, of Registrant's Principal Executive Offices)

                     MARCH 2001 EMPLOYEE STOCK BONUS PLAN

                           (Full Title of the Plan)

                               James D. Butcher
                         17300 Saturn Lane, Suite 111
                               Houston, TX 77058
                                (281) 486-6115

           (Name, Address, Including Zip Code and Telephone Number,
                  Including Area Code, of Agent for Service)

                                  Copies to:

                         Donald G. Johnson, Jr., Esq.
                  Richman, Mann, Chizever, Phillips & Duboff
                      9601 Wilshire Boulevard - Penthouse
                        Beverly Hills, California 90210
                                (310) 274-8300
                             (310) 274-2831 (fax)
CALCULATION OF REGISTRATION FEE
Title of Each Class of        Amount to be        Proposed Maximum            Proposed Maximum            Amount of
Securities to be Registered       Registered     Offering Price per Share    Aggregate Offering Price    Registration Fee
---------------------------      ------------    ------------------------    ------------------------    ----------------
Common Stock               3,895,538             $0.7 (1)                     $272,688                $68.17
(1)  Based on the average of the high and low prices per share of Common Stock
of the Registrant as reported on the NASDAQ bulletin board market on July 5,
2001.

                                 INTRODUCTION

This Registration Statement on Form S-8 is filed by Entertainment Technologies &
Programs, Inc. (the "Company" or the "Registrant"), relating to 3,895,538 shares
of its Common Stock, par value $.001 per share (the "Common Stock"), issuable to
the employees of the Registrant under the March 2001 Employee Stock Bonus Plan
(the "Plan").

                                    PART I

               INFORMATION REQUIRED IN SECTION 10(a) PROSPECTUS

Item 1.  Plan Information.

  The Plan.

  A copy of the Plan is attached hereto and incorporated herein by reference.

Item 2.  Registrant Information and Employee Plan Annual Information.

  Available Information.

  Copies of the Plan, 10-KSB Annual Report of the Registrant for the fiscal year
ended September 30, 2000, all 10-QSB Quarterly Reports, any Current Reports
and/or proxy or information statements filed with the Securities and Exchange
Commission (the "Commission") during the past twelve months have been provided
to the Plan participants.

  The Registrant also undertakes to furnish, without charge, to any such
participant or person purchasing any of the securities registered hereby, copies
of all of such documentation.  Requests should be directed to James D. Butcher,
President, at the address and telephone appearing on the Cover Page of this
Registration Statement.

  Additional information regarding the Registrant may be reviewed at the
Commission web site at www.sec.gov in the EDGAR Archives.
                       -----------

                                       1
PART II

              INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

Item 3.  Incorporation of Documents by Reference.

The following documents, which previously have been filed by the Registrant with
the Commission are incorporated herein by reference and made a part hereof:

  (a) The Registrant's latest Annual Report on Form 10-KSB for the fiscal year
ended September 30, 2000;

  (b) All other reports filed pursuant to Section 13(a) or 15(d) of the
Securities Exchange Act of 1934 (the "Exchange Act") since the end of the fiscal
year covered by the Annual Report referred to in (i) above; and

  (c) The description of Registrant's Common Stock contained in its Registration
Statement on Form 10, including any amendment or report filed, for the purpose
of updating such description.

  All reports and other documents filed by the Registrant pursuant to Sections
13(a), 13(c), 14 or 15(d) of the Exchange Act subsequent to the date of this
Registration Statement and prior to the filing of a post-effective amendment
hereto, which indicates that all securities offered hereunder have been sold or
which deregisters all securities then remaining unsold, shall be deemed to be
incorporated by reference herein and to be a part hereof from the date of filing
of such documents.

Item 4.  Description of Securities.

  Not applicable.

Item 5.  Interests of Named Experts and Counsel.

  Not applicable.

Item 6.  Indemnification of Directors and Officers.

  Under the Delaware General Corporation Law, a corporation has the power to
indemnify any person who is made a party to any civil, criminal, administrative
or investigative proceeding, other than an action by or in the right of the
corporation, by reason of the fact that such person was a director, officer,
employee or agent of the corporation, against expenses, including reasonable
attorneys' fees, judgments, fines and amounts paid in settlement of any such
actions; provided, however, in any criminal proceeding, the indemnified person
shall have had no reason to believe the conduct was committed was unlawful.

  In addition, the Registrant's by-laws provide that the Registrant will
indemnify the directors and officers from claims, liabilities, damages,
expenses, losses, costs, penalties or amounts paid in settlement incurred by any
director or officer arising out of his capacity as a director or officer of the
Registrant to the maximum extent provided by applicable law.

Item 7.  Exemption from Registration Claimed.

Not applicable.

                                       2
Item 8.  Exhibits.

Exhibit
Number    Exhibit Description

5.1       Legal Opinion of Richman, Mann, Chizever, Phillips & Duboff

23.1      Consent of Richman, Mann, Chizever, Phillips & Duboff (contained in
          Exhibit 5.1)

23.2      Consent of Ham, Langston & Brezina, L.L.P. (independent auditors)

24.1      Power of Attorney (contained on signature page hereto)

99.1      March 2001 Employee Stock Bonus Plan

Item 9.  Undertakings.

  (a) The undersigned Registrant hereby undertakes:

      (1) To file, during any period in which offers or sales are being made, a
  post?effective amendment to this registration statement:

          (i)   To include any prospectus required by section 10(a)(3) of the
      Securities Act;

          (ii)  To reflect in the prospectus any facts or events arising after
      the effective date of the registration statement (or the most recent post-
      effective amendment thereof) which, individually or in the aggregate,
      represent a fundamental change in the information set forth in the
      registration statement. Notwithstanding the foregoing, any increase or
      decrease in volume of securities offered (if the total dollar value of
      securities offered would not exceed that which was registered) and any
      deviation from the low or high end of the estimated maximum offering range
      may be reflected in the form of prospectus filed with the Commission
      pursuant to Rule 424(b) if, in the aggregate, the changes in volume and
      price represent no more than a 20 percent change in the maximum aggregate
      offering price set forth in the "Calculation of Registration Fee" table in
      the effective registration statement;

          (iii) To include any material information with respect to the plan of
      distribution not previously disclosed in the registration statement or any
      material change to such information in the registration statement;
      provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply
      if the information required to be included in a post-effective amendment
      by those paragraphs is contained in periodic reports filed by the
      Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act
      that are incorporated by reference in this registration statement.

      (2) That, for the purpose of determining any liability under the
  Securities Act, each such post-effective amendment shall be deemed to be a new
  registration statement relating to the securities offered therein, and the
  offering of such securities at that time shall be deemed to be the initial
  bona fide offering thereof.

      (3) To remove from registration by means of a post-effective amendment any
  of the securities being registered which remain unsold at the termination of
  the offering.

                                       3
SIGNATURES

  Pursuant to the requirements of the Securities Act of 1933, the Registrant
certifies that it has reasonable grounds to believe that it meets all the
requirements for filing on Form S?8 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Houston, Texas, on March 15, 2001.

                                       ENTERTAINMENT TECHNOLOGIES &
                                       PROGRAMS, INC.

                                       By:  /s/ James D. Butcher
                                       -------------------------
                                       James D. Butcher, Chief Executive Officer

                                       4
POWER OF ATTORNEY

  Each of the undersigned hereby constitutes and appoints Mr. James D. Butcher,
as his attorneys-in-fact and agent, with full power of substitution and
resubstitution for him in any and all capacities, to sign any and all amendments
or post-effective amendments to this Registration Statement, and to file the
same, with exhibits thereto and other documents in connection therewith, with
the Securities and Exchange Commission, granting unto such attorney-in-fact and
agent full power and authority to do and perform each and every act and thing
requisite and necessary in connection with such matters and hereby ratifying and
confirming that such attorney-in-fact and agent or his substitute may do or
cause to be done by virtue hereof.

  Pursuant to the requirements of the Securities Act of 1933, this Registration
Statement has been signed below by the following persons in the capacities
indicated on the dates indicated.
Signature                               Capacity                                  Date
/s/ James D. Butcher               Chairman of the Board                     March 15, 2001
-------------------------------
James D. Butcher                   Chief Executive Officer
(Principal Executive Officer)

/s/ Leonida Butcher                Director                                  March 21, 2001
-------------------------------
Leonida Butcher

/s/ William Grasberger             Director and Secretary                    March 20, 2001
-------------------------------
William Grasberger

/s/ Mark Madamba                   Director                                  March 20, 2001
-------------------------------
Mark Madamba

/s/ Gobind Sahney                  Director                                  March 19, 2001
-------------------------------
Gobind Sahney

/s/ Douglas Miller                 Director                                  March 19, 2001
-------------------------------
Douglas Miller

/s/ George C. Woods                President and Chief Financial Officer     March 19, 2001
-------------------------------
George C. Woods
5
EXHIBIT INDEX

Exhibit
Number    Exhibit Description

5.1       Legal Opinion of Richman, Mann, Chizever, Phillips & Duboff

23.1      Consent of Richman, Mann, Chizever, Phillips & Duboff (contained in
          Exhibit 5.1)

23.2      Consent of Ham, Langston & Brezina, L.L.P. (independent auditors)

24.1      Power of Attorney (contained on signature page hereto)

99.1      March 2001 Employee Stock Bonus Plan

                                       6