Django 1.4.19 manage.py fails on PyCharm 4.0.4 running on Vista64

I get the following error when I try to run any of the manage.py commands from the 'tools' menu.  

"C:\Program Files (x86)\JetBrains\PyCharm 4.0.4\bin\runnerw.exe" C:\Users\nick\globalspiritualeventsVirtualEnv\Scripts\python.exe "C:\Program Files (x86)\JetBrains\PyCharm 4.0.4\helpers\pycharm\django_manage.py" validate C:/Users/nick/Documents/NuEverestProductions/globalspiritualevents
Error: DLL load failed: %1 is not a valid Win32 application.

Process finished with exit code 1


I'm hoping there is an easy fix for this.

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