Error When Loading Files in TurboGrid Opened Through Workbench

After opening TurboGrid using a TurboGrid component system in Workbench, loading an Init file by selecting File > Load TurboGrid Init File, and saving the project, the following error message is displayed:

Unable to load DLL 'cclapilt.dll': The specified module could not be found. (Exception from HRESULT: 0x8007007E)

Workaround: Install MS VC++ Redistributable for Visual Studio 2012 Update 4.