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http://ultimaguard.com/
This is a rogue application. You can try to do a system restore to remove it or if you want to remove it manually. You need to
1. Remove processes from Task manager and entries from windows startup
2. identify, Search and delete all its files and folders
3. remove its entries from windows registry
It creates a folder with a random name under
C:\Documents and Settings
\All Users\Application Data
For example – 2f92
And other folders
ULTGSys. Ultimate System Guard
Also in C:\Documents and Settings\[UserName]\Application Data\
The process that could be seen in task manager is MainFAVProj.exe
It creates URL to host mapping in the Hosts file. You need to clear your hosts.txt file
You can download/print removal instructions from this link
http://comprolive.com/remove/rogue/antispyware/ultimate-system-guard.
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