Thanks Richard for your response. Yes I have worked in the registry before and it should be fairly simple with your export instructions. 

What I plan to do later today since I'm running Windows 7 Pro w/SP1, I plan on making a dry run to see if I can locate the registry record you are referring too. However even before I do that I plan to make a full system backup using Acronis True Image 2019 then make a full registry backup.

If I am successful in finding the registry record I will follow your instructions in the hopes of a successful completion.

I will get back to you once I have either completed your instructions or failed to find the registry record in Windows 7.

I do have Pinnacle Studio Ultimate 22 already installed but will reinstall, maybe, if I can reclaim my purchased Activation keys.