I wanted to add a quick note to this. Not because I had the same problem as you, but because I had that error message when I did a fresh install. And the solution for me was as follows:
When I clicked on the Launch Titanium (In the installation file), this message appeared. I read the above message, and I could not make heads or tails of it (sorry). However, when I made a shortcut of the Launch Titanium file (right click, create shortcut) and placed it on my desktop... it worked to access the game.
Maybe that helps someone. Maybe not.
[You must be logged in to view images. Log in or Register.] Good luck.