Error during starting Icecast through CentovaCast

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I recently have been requested to install Icecast and Centova Cast on a CentOS 6 VPS. I have done so, and all works as far as scripts, however when trying to start a stream it shows this error:

"Could not start server: Application binary has not been configured for IceCast on Local server"

I am using Centova Cast 3 Beta, and Icecast 2.3.3.

Here are my settings:

Hostname: "localhost"
Server software: "IceCast v2"
IP address: "184.22.255.132"
Port: "8000"

If you need more info, please do reply and let me know. Thanks!
Check the quickstart guide for adding new software to Centova Cast.