Having this same issue. Tried all the different tips and tricks listed. Nothing.
My game crashed when the world first loaded. But after I turned down the graphics from Very High to just High it started up smoothly and now runs great.
I hope you guys can get your copy going soon!
Thanks! Running the .exe directly as Admin did the trick for me!
it finally works for me 
in my first pc my sp1 had to be improperly installed I remade a full install and itâs good
on my other pc I had no sp1 and I had the same problem i install sp1 and is good
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I have the same problem.
vcredist and all installed and repaired, still the game does not start!
I got windows7 64 installed a few weeks ago and played plenty games without problems (drivers up to date etc.)
good luck @warhorse finding the problem 
Same problem here. Doesn´t work.
Windows 8.1 64Bit
i7 4770
GTX 680
16GBte RAM
Same problem here. Crashes on pressing enter to start the game.
Problem signature:
Problem Event Name: APPCRASH
Application Name: game.exe
Application Version: 3.3.7.2591
Application Timestamp: 54483114
Fault Module Name: nvwgf2umx.dll
Fault Module Version: 9.18.13.4052
Fault Module Timestamp: 53b4437c
Exception Code: c0000005
Exception Offset: 0000000000115aa4
OS Version: 6.1.7601.2.1.0.256.1
Locale ID: 3081
Additional Information 1: 4370
Additional Information 2: 4370ad07d8538419558ebb927801f669
Additional Information 3: 6d6d
Additional Information 4: 6d6db717ab118f627b8b8cea9c3f9741
Specs are:
Windows 7 Ultimate x64
Intel i7-4770
16G RAM
Nvidia GTX 760
I verified my game cache with steam and no issues were shownâŚ
Came here to help with the same solution, but @ave beat me to it.
Goddamn Window$ C++ causes all those pesky issues with games.
Rule of thumb - when you try to start a game and it breaks with some kind of 0x000088s error, you can bet it is caused by VC++. Remove old versions (from control panel) and install the latest, BOTH 32 AND 64 bit. This should fix the problems not only with Deliverance, but with the newest Civilization and many more games!
I fixed it by installing windows 7 service pack 1.
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i donât know who you are, but you are my hero! i installed W7 SP1 and everything works just fine!