@gsowmyashri
The ERROR is "Could not load file or assembly 'WebApplication1, Version=1.0.0.0, Culture=neutral, PublicKeyToken=null' or one of its dependencies. Access is denied."
Can you post your code?
Or maybe try this:
http://msdn.microsoft.com/en-us/library/e74a18c4.aspx
Then post your code to compare the issue.
LastMitch
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