Error creating ActiveX control

We have been using a 3rd-party product to called Outlook Security Manager to bypass Outlook's security warning messages when generating emails.  Since upgrading to their latest version, we've been getting "Error creating ActiveX control" messages.  I've posted to their forums, too, but I think their Cobol knowledge is limited so I thought I'd try here as well.

The object is defined as:

    03 HOutlookSM       OutlookSecurityManager
           LINE    1
           COL     1
           LINES   1
           SIZE    1
           VISIBLE 0.

and then instantiated by:


This is the point at which the error occurs.  I'm unsure about whether this is an installation issue, a security issue, a licensing issue, or a Cobol issue.  Any ideas?