Game installed fine, but when trying to launch get the attached error.

Looking this up via the web I updated C++ 2012 package to 11.0.1030 and have latest ATI drivers for video card. Previously I have played this game successfully using the same video card and older processor/MB combo with win XP.

Entered a helpdesk ticket to GOG but wanted to see if anyone else encountered this issue or had suggested fixes.

Thanks all, you are a good group of people

EDIT: Able to fix the issue, you have to specifically have the 2005 C++ library for x86. I literally had every other C++ library version installed except for that.

That's right, I had the same issue, and GoG support found the trick. For those who don't know where to look, here it is :

http://www.microsoft.com/en-us/download/details.aspx?id=5638

You should mark your post as 'solved'.