OK, I have just found the solution to this you need three files. The three files you need are: -
(1) Microsoft Visual C++ 2008 Redistributable Package SP1
(link on Media Control site);
(2) Codec installation files - here;
(3) Media Control : version 5.4.5 - here
(you can also get the codec files here).
All downloads are available on the Media Control site. Make sure you get the right version of Microsoft Visual C++ 2008 Redistributable Package SP1
i.e. x64/x86 the link on the Media Control site is for x86. Installation instructions are also on the site.
Please don't forget to post after installing for x86 to confirm it is working or not.