Premiere Elements  12 wont run on my laptop

Hi,
I have a new laptop and I've just installed  Premiere Elements 12 but it wont run. When I create a new project I see the following message and as you can see there are no clues to what causing the issue. Organiser works fine.
I've run a windows update, installed the latest graphic and sound drivers, I've reloaded but nothing works.
OS Name
Microsoft Windows 7 Enterprise
Version
6.1.7601 Service Pack 1 Build 7601
System Type
x64-based PC
Processor
Intel(R) Core(TM) i5-4300U CPU @ 1.90GHz, 2501 Mhz, 2 Core(s), 4 Logical Processor(s)
Installed Physical Memory (RAM)
8.00 GB
Total Physical Memory
7.90 GB
Available Physical Memory
4.45 GB
Total Virtual Memory
15.8 GB
Available Virtual Memory
10.6 GB
Page File Space
7.90 GB
Page File
C:\pagefile.sys
[Sound Device]
Item
Value
Name
IDT High Definition Audio CODEC
Manufacturer
IDT
Status
OK
Driver
c:\windows\system32\drivers\stwrt64.sys (6.10.6499.0, 539.00 KB (551,936 bytes), 09/07/2014 13:41)
[Display]
Name
Intel(R) HD Graphics Family
PNP Device ID
PCI\VEN_8086&DEV_0A16&SUBSYS_198F103C&REV_0B\3&E89B380&0&10
Adapter Type
Intel(R) HD Graphics Family, Intel Corporation compatible
Adapter Description
Intel(R) HD Graphics Family
Adapter RAM
(2,080,374,784) bytes
Installed Drivers
igdumdim64.dll,igd10iumd64.dll,igd10iumd64.dll,igdumdim32,igd10iumd32,igd10iumd32
Driver Version
10.18.10.3540
I have got local Admin rights and more free hard disk space that I know what to do with.
Thanks for any help you can offer.

Spurringirl
Before we go off the deep edge here, perhaps some clarification.
What is the brand/model/settings for the Canon camera that you are using?
I think that Hunt may be being jumping ahead here. Let me explain....
For example, the Canon SX1 lS generates files with the file name starting with MVI_XXXX.mov. These are AVCHD.mov files 1920 x 1080p30 and have no problems in Premiere Elements 12.
So, I would ask "In your case, is your MVI the file extension or the beginning of the file name?"
Thanks.
ATR

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