Going to reply to my own thread here....

I had tried the check box under properties that said "Run as Administrator" when you right click the shortcut. Seems that doesn't do anything...helpful at least.

Instead I have to choose the "Run as Administrator" directly off the drop down from right clicking the shortcut. Now Ventrilo PTT and Keyclone work perfectly together.

Very big props to Rob for getting back to me via email so quickly!