B4A crashes upon start (first time installation)

I just purchased B4A and I have a major problem.

I installed the Java SDK, the AndroidSDK, and lastly B4A.

I am running Windows 7 64-bit.

When I run B4A, I immediately the application crashes immediately and the Windows crash dialog pops up saying "Basic4android has stopped working. Windows is checking for a solution...)"

Any ideas?