URGENT: COM Interop registration failed. Access is denied.

I'm trying to change a .NET assembly exposing COM object, which was written by other people in C#. The following error occurs after its build:
COM Interop registration failed. Access is denied.

I'm logged on with a user, which is a member of LOCAL_MACHINE\Administrators groop and I made sure that both the group and the user have all the needed permissions as it states in the following article:
http://support.microsoft.com/?kbid=327507

The problem still occurs. Any directions/ideas?
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JigitAsked:
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somnaticConnect With a Mentor Commented:
try a reboot - then delete all output files (dlls, ...)

then try a rebuild
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