Elmedia Player Crashes Lion

Elmedia Player crashes Lion even though the app is not open. When viewing video (in Chrome, Safari or Quicktime) an Elmedia Player process triggers a crash. If you've ever installed Elmedia Player then you need to remove it from your system in a few places in order to prevent system crashes on Mac OS 10.7. I originally thought this was a bug in Google Chrome because the crashes seemed to occur while using Chrome. Thanks to the crash logs (viewable in Console under /Library/Logs/DiagnosticReports) I was able to see a pattern of repeat offenders, primarily the following failure:

Kernel Extensions in backtrace:

com.eltima.ElmediaPlayer.kext

BSD process name corresponding to current thread: kernel_task

Steps to resolve:

1) Browse to your applications folder - Delete Elmedia Player

2) Browse to the following location and delete this file - System/Library/Extensions/ElmediaPlayer.kext

3) Browse to the following location and delete this file - username/Library/LaunchAgents/com.eltima.ElmediaPlayer.plist

Hope this helps someone else. Cheers!