Thank you Steven, that worked.
No offense but, you guys really need to iron out this process. This is not my first rodeo. I've been using Wordpress and Joomla for quite some time now and I have been trying to purchase/install this component for the last 24 hours.
From forcing me to setup a Paypal account and waiting for them to 'verify' my CC, to your confirmation emails which don't give instructions on how to download the component* and then, this error during installation.
The whole process is just a little frustrating and is not very time efficient.
*There are no download instructions in the email. When you go to the 'My Account' section of the site and click the 'Downloads' link, it asks you for a 'Download ID', which I had to call your technical support (long distance) to find out that I don't need. The gentleman on the phone was kind enough to explain that you guys had not yet updated your email template and he directed me to the correct page.