This error message may occur when the Microsoft Visual C++ Redistributable Package is not properly configured.
To do this, you will have to download and install Microsoft Visual C++ 2010 SP1 Redistributable Package.
NOTE: This will also solve the errors related to missing DLL files (e.g. mfc100.dll, mfc100u.dll, msvcr100.dll, msvcp100.dll and msvcr100_clr0400.dll).
NOTE: If you have a 64-bit operating system, it is recommended to have both versions of Microsoft Visual C++ 2010 SP1 Redistributable Package installed: the 32-bit one (x86) and the 64-bit one (x64).