1. It looks like the developer didn't include a fallback (failsafe) for the program, so it tried to do a ping request (for a non-given reason) and has failed to connect (look at reason 3.) to the internet and or a problem has occurred with the program (reason 2.)
2. Since i work with Visual Basic 2008/2010 and i've seen this error before plenty of times. This error means that a required package (.dll) wasn't imported with the published program. Your going to have to wait until an updated version comes out and the file is added to the programs reference.
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3. If you look at the detailed report you see "System.Net.NetworkInformation.PingException" it says that the Exception during the Ping request has failed. So that can mean many things, Your internet connection is timed out, or no connection can be made, or a Firewall is blocking access to any 3rd party applications, if possible Right-Click on the Program and select "Run as Administrator" and see if that fixes it, if it doesn't follow what i wrote up there.