[wx 2.8, WinXP, VS2005]Application runs on dev machine but not on other WinXP machines

[Jaded Hobo]

When I run the wxWidgets 2.8 app I build using VisualStudio2005 on the 
developement machine it works fine, but if I take it to my target 
computer I get an error message saying "This application has failed to 
start because the application configuration is incorrect. Reinstalling 
the application may fix this problem".

The message persists even after copying the dll's from "Microsoft Visual 
Studio 8\VC\redist\x86\Microsoft.VC80.CRT" to the system32 directory.

I used to build the same app with MinGW and wxWidgets 2.4 and never 
encountered this phenomenon, is this because the VisualStudio build 
depends on dynamic DLL's while the MinGW build can use static runtime 
libraries? If so can I build wx 2.8 with VS to also use static runtime 
libraries, or do I need to distribute DLL's that I missed?

Any pointers are appreciated!

Antoon