Permission denied: connect

Greetings!
I'm excited to try out the new beta. I downloaded and installed LoadUI but have what I suspect is a basic problem.
Upon launching I get a Permission denied: connect error in Java.
Do I need to direct to a different version of Java?
I run Windows 7 x64

Details below:
___________________
<jnlp spec="1.0+" codebase="file:." href="loadUI.jnlp">
<information>
<title>loadUI</title>
<vendor>eviware</vendor>
<homepage href="http://www.loadui.org/"/>
<description>loadUI</description>
<offline-allowed/>
</information>
<resources>
<j2se version="1.7" java-vm-args="-Xms128m -Xmx768m -XX:MaxPermSize=128m -Dsun.java2d.noddraw=true"/>
<extension name="JavaFX Runtime" href="http://dl.javafx.com/1.3/javafx-rt.jnlp"/>
<jar href="lib/loadui-launcher.jar" main="true"/>
<jar href="lib/org.apache.felix.main.jar"/>
<jar href="lib/commons-cli.jar"/>
<jar href="lib/bndlib.jar"/>
</resources>
<security>
<all-permissions/>
</security>
<application-desc main-class="com.eviware.loadui.launcher.LoadUILauncher"/>
<update check="timeout" policy="always"/>
</jnlp>


java.net.SocketException: Permission denied: connect
at java.net.DualStackPlainSocketImpl.connect0(Native Method)
at java.net.DualStackPlainSocketImpl.socketConnect(Unknown Source)
at java.net.AbstractPlainSocketImpl.doConnect(Unknown Source)
at java.net.AbstractPlainSocketImpl.connectToAddress(Unknown Source)
at java.net.AbstractPlainSocketImpl.connect(Unknown Source)
at java.net.PlainSocketImpl.connect(Unknown Source)
at java.net.SocksSocketImpl.connect(Unknown Source)
at java.net.Socket.connect(Unknown Source)
at java.net.Socket.connect(Unknown Source)
at sun.net.NetworkClient.doConnect(Unknown Source)
at sun.net.www.http.HttpClient.openServer(Unknown Source)
at sun.net.www.http.HttpClient.openServer(Unknown Source)
at sun.net.www.http.HttpClient.<init>(Unknown Source)
at sun.net.www.http.HttpClient.New(Unknown Source)
at sun.net.www.http.HttpClient.New(Unknown Source)
at sun.net.www.protocol.http.HttpURLConnection.getNewHttpClient(Unknown Source)
at sun.net.www.protocol.http.HttpURLConnection.plainConnect(Unknown Source)
at sun.net.www.protocol.http.HttpURLConnection.connect(Unknown Source)
at com.sun.deploy.net.BasicHttpRequest.doRequest(Unknown Source)
at com.sun.deploy.net.BasicHttpRequest.doGetRequestEX(Unknown Source)
at com.sun.deploy.net.DownloadEngine.isUpdateAvailable(Unknown Source)
at com.sun.deploy.net.DownloadEngine.isUpdateAvailable(Unknown Source)
at com.sun.deploy.net.DownloadEngine.getResourceCacheEntry(Unknown Source)
at com.sun.deploy.net.DownloadEngine.getCachedFile(Unknown Source)
at com.sun.javaws.LaunchDownload.downloadExtensionsHelper(Unknown Source)
at com.sun.javaws.LaunchDownload.downloadExtensions(Unknown Source)
at com.sun.javaws.Launcher.prepareLaunchFile(Unknown Source)
at com.sun.javaws.Launcher.prepareAllResources(Unknown Source)
at com.sun.javaws.Launcher.prepareToLaunch(Unknown Source)
at com.sun.javaws.Launcher.prepareToLaunch(Unknown Source)
at com.sun.javaws.Launcher.launch(Unknown Source)
at com.sun.javaws.Main.launchApp(Unknown Source)
at com.sun.javaws.Main.continueInSecureThread(Unknown Source)
at com.sun.javaws.Main$1.run(Unknown Source)
at java.lang.Thread.run(Unknown Source)



Java Web Start 10.1.0.8
Using JRE version 1.7.0_01-b08 Java HotSpot(TM) Client VM
User home directory = C:\Users\mikew
----------------------------------------------------
c: clear console window
f: finalize objects on finalization queue
g: garbage collect
h: display this help message
m: print memory usage
o: trigger logging
p: reload proxy configuration
q: hide console
r: reload policy configuration
s: dump system and deployment properties
t: dump thread list
v: dump thread stack
0-5: set trace level to <n>
----------------------------------------------------
Detected from bootclasspath: C:\\Program Files (x86)\\SmartBear\\loadUI-Pro-2.0.0-beta-1\\jre\\lib\\deploy.jar
#### Java Web Start Error:
#### Permission denied: connect