JVM fatal exception on Install

I am trying to install the beta from http://downloads.servoy.com/beta/servoy … indows.exe but keep getting the attached error. I tried reinstalling JRE but it made no difference. I do have 1.2 already installed. What am I doing wrong?

Thanks

Servoy developer only works with Java 1.4.x JDK not a JRE, as specified in download page.