False Positive(by VirusGuard) leads to conflict with AntiMalware

Today I installed Returnil Virtual System 2010 Home Lux 3.0.6517.4958-REL which is the latest version. Installation was a breeze. It slows down my system a bit.(I.4GHz CPU, 1.3GB RAM).

But seems to have a serious conflict with A-Squared Anti-Malware. VirusGuard picks up virus in HijackFree module of A-Squared. Even when I ignored it seems to quarantine that module completely.

When I update A-Squared it keeps downloading Hijackfree module for every two minutes. This happens even after I completely stopped RVS running from my system.

This has led me to uninstall RVS to have the existing Antivirus to work properly.

Have anyone had the same issue? Is there any solution to have RVS running without any conflicts?

Because I like this Program very much. I want to use it.

If False Positive rolled back pls let everybody know.