Unable to load the Vertipaq engine because there was a COM exception while loading

I saw a similar thread on the forum but it's a dead end.
PowerPivot for Excel 2010 gives me this error whenever I click the PowerPivot window icon:
Unable to load the VertiPaq engine because there was a COM exception. This might happen if you load a workbook on a corrupt installation. To fix the problem, uninstall and then reinstall PowerPivot. Click Details for more error information.
============================
Error Message:
============================
Could not load file or assembly 'msmgdsrv, Version=9.0.0.0, Culture=neutral, PublicKeyToken=89845dcd8080cc91' or one of its dependencies. The system cannot find the file specified.
The type initializer for 'Microsoft.AnalysisServices.BackEnd.DAXServices' threw an exception.
============================
Call Stack:
============================
   at System.Windows.Forms.Control.MarshaledInvoke(Control caller, Delegate method, Object[] args, Boolean synchronous)
   at System.Windows.Forms.Control.Invoke(Delegate method, Object[] args)
   at Microsoft.AnalysisServices.XLHost.Addin.InProcServer.LoadSafeSandboxAfterConnection(String errorCache)
   at Microsoft.AnalysisServices.XLHost.Addin.InProcServer.LoadSafeSandboxAfterConnection(String errorCache)
   at Microsoft.AnalysisServices.XLHost.Addin.InProcServer.LoadOLEDBConnection(Boolean raiseCompleteEvent, String errorCache)
============================
I've tried everything that was suggested so far: uninstall and reinstall PowerPivot, Microsoft Office 2010, and all of the prerequisites for PowerPivot (NET Framework 4.0, Visual Studio) and it still gives the same error message.
Thing is, I don't think it is a PowerPivot issue because many people in the office use PowerPivot and they all receive the same error message.
We are all running on Windows 7 Pro 64-bit.
Any help and/or assistance would be greatly appreciated.
Thanks,
Seong Lee

I saw a similar thread on the forum but it's a dead end.
PowerPivot for Excel 2010 gives me this error whenever I click the PowerPivot window icon:
Unable to load the VertiPaq engine because there was a COM exception. This might happen if you load a workbook on a corrupt installation. To fix the problem, uninstall and then reinstall PowerPivot. Click Details for more error information.
============================
Error Message:
============================
Could not load file or assembly 'msmgdsrv, Version=9.0.0.0, Culture=neutral, PublicKeyToken=89845dcd8080cc91' or one of its dependencies. The system cannot find the file specified.
The type initializer for 'Microsoft.AnalysisServices.BackEnd.DAXServices' threw an exception.
============================
Call Stack:
============================
   at System.Windows.Forms.Control.MarshaledInvoke(Control caller, Delegate method, Object[] args, Boolean synchronous)
   at System.Windows.Forms.Control.Invoke(Delegate method, Object[] args)
   at Microsoft.AnalysisServices.XLHost.Addin.InProcServer.LoadSafeSandboxAfterConnection(String errorCache)
   at Microsoft.AnalysisServices.XLHost.Addin.InProcServer.LoadSafeSandboxAfterConnection(String errorCache)
   at Microsoft.AnalysisServices.XLHost.Addin.InProcServer.LoadOLEDBConnection(Boolean raiseCompleteEvent, String errorCache)
============================
I've tried everything that was suggested so far: uninstall and reinstall PowerPivot, Microsoft Office 2010, and all of the prerequisites for PowerPivot (NET Framework 4.0, Visual Studio) and it still gives the same error message.
Thing is, I don't think it is a PowerPivot issue because many people in the office use PowerPivot and they all receive the same error message.
We are all running on Windows 7 Pro 64-bit.
Any help and/or assistance would be greatly appreciated.
Thanks,
Seong Lee

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