Windows 7 C# 2.0 Application Hangs

I have an application that's hanging on the following:
ArrayList InitOblects = new ArrayList();
InitObjects.Add( new Microsoft.ConsultingServices.HtmlEditor.HtmlEditorControl() ); //Hangs Here
In task manager, the app is using 100% of the available core's processing power. I just thought I should post this and was wondering if anyone else has run across this.

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