ATV Flash Black .exe won't open in Windows XP

I'm probably missing something obvious but after the file has been extracted I try to run it and I just get the following error message : The application failed to initialize properly (0xc0000135). Click OK to terminate the application.   I've tried downloading the file again and rebooted my PC.

If anyone else has this problem its because windows updates had'nt installelled the latest version of  .NET Framework on windows xp.

 

Same error, does anyone knows why???

Thanks