Several available software applications may need to be started as a Windows service, but are not designed to do so. Therefore a Windows Service will be created that can start and stop these applications, as if they were a Windows Service themselves.
Could you please upgrade the required .NET framework to 2.0? On newer servers (Windows 2008, etc.) version 1.1 is no longer installed by default (as it dates from 2003).
Very easy to use runasservice