The application could not be installed error

Hi,
I am trying to install my first AIR application on one of my MAC OS X machine and I am not able to do so successfully.
When I try to install it I come up with this error message.

Sorry, an error has occurred.
The application could not be installed. Try installing it again. If the problem persists, contact the application author Error# 2032
I click on close and the error just goes away, giving me no clue of what I need to do to proceed further. I tried using in another user account but it still comes up with the same error message.
Can anyone help me with this issue?
