I think the infection is gone. I have run the Malwarebytes' Anti-Malware program as directed. However, please go through this log as from MBAM log tab and please tell me that all is well with my computer. Here is the Log. Thank You.

Malwarebytes' Anti-Malware 1.36
Database version: 2116
Windows 6.0.6001 Service Pack 1

12/05/2009 10:29:13 AM
mbam-log-2009-05-12 (10-29-13).txt

Scan type: Quick Scan
Objects scanned: 70395
Time elapsed: 6 minute(s), 50 second(s)

Memory Processes Infected: 1
Memory Modules Infected: 0
Registry Keys Infected: 3
Registry Values Infected: 2
Registry Data Items Infected: 3
Folders Infected: 4
Files Infected: 21

Memory Processes Infected:
c:\program files\Internet Antivirus Pro\IAPro.exe (Rogue.InternetAntivirus) -> Unloaded process successfully.

Memory Modules Infected:
(No malicious items detected)

Registry Keys Infected:
HKEY_LOCAL_MACHINE\SYSTEM\CurrentControlSet\Services\ITGrdEngine (Trojan.FakeAlert) -> Quarantined and deleted successfully.
HKEY_LOCAL_MACHINE\SOFTWARE\Microsoft\Windows\CurrentVersion\Uninstall\internet antivirus pro_is1 (Rogue.InternetAntivirus) -> Quarantined and deleted successfully.
HKEY_CURRENT_USER\SOFTWARE\APMFC1 (Rogue.AntiTrojanPro) -> Quarantined and deleted successfully.

Registry Values Infected:
HKEY_CURRENT_USER\SOFTWARE\Microsoft\Windows\CurrentVersion\Run\internet antivirus pro (Rogue.InternetAntivirus) -> Quarantined and deleted successfully.
HKEY_USERS\.DEFAULT\SOFTWARE\Microsoft\Windows\CurrentVersion\Run\internet antivirus pro (Rogue.InternetAntivirus) -> Quarantined and deleted successfully.

Registry Data Items Infected:
HKEY_LOCAL_MACHINE\SOFTWARE\Microsoft\Security Center\AntiVirusDisableNotify (Disabled.SecurityCenter) -> Bad: (1) Good: (0) -> Quarantined and deleted successfully.
HKEY_LOCAL_MACHINE\SOFTWARE\Microsoft\Security Center\FirewallDisableNotify (Disabled.SecurityCenter) -> Bad: (1) Good: (0) -> Quarantined and deleted successfully.
HKEY_LOCAL_MACHINE\SOFTWARE\Microsoft\Security Center\UpdatesDisableNotify (Disabled.SecurityCenter) -> Bad: (1) Good: (0) -> Quarantined and deleted successfully.

Folders Infected:
C:\Users\Owner\AppData\Roaming\Internet Antivirus Pro (Rogue.InternetAntivirus) -> Quarantined and deleted successfully.
C:\Users\Owner\AppData\Roaming\Internet Antivirus Pro\db (Rogue.InternetAntivirus) -> Quarantined and deleted successfully.
C:\Program Files\Internet Antivirus Pro (Rogue.InternetAntivirus) -> Quarantined and deleted successfully.
C:\Windows\Ad-Ware Pro (Rogue.Ad-WarePro) -> Quarantined and deleted successfully.

Files Infected:
C:\Program Files\Common Files\InternetAntivirusPro.exe (Rogue.InternetAntivirus) -> Quarantined and deleted successfully.
C:\Users\Owner\AppData\Roaming\Internet Antivirus Pro\settings.ini (Rogue.InternetAntivirus) -> Quarantined and deleted successfully.
C:\Users\Owner\AppData\Roaming\Internet Antivirus Pro\uill.ini (Rogue.InternetAntivirus) -> Quarantined and deleted successfully.
C:\Users\Owner\AppData\Roaming\Internet Antivirus Pro\unins000.exe (Rogue.InternetAntivirus) -> Quarantined and deleted successfully.
C:\Users\Owner\AppData\Roaming\Internet Antivirus Pro\Uninstall  Internet Antivirus Pro.lnk (Rogue.InternetAntivirus) -> Quarantined and deleted successfully.
C:\Users\Owner\AppData\Roaming\Internet Antivirus Pro\db\config.cfg (Rogue.InternetAntivirus) -> Quarantined and deleted successfully.
C:\Users\Owner\AppData\Roaming\Internet Antivirus Pro\db\Timeout.inf (Rogue.InternetAntivirus) -> Quarantined and deleted successfully.
C:\Users\Owner\AppData\Roaming\Internet Antivirus Pro\db\Urls.inf (Rogue.InternetAntivirus) -> Quarantined and deleted successfully.
C:\Program Files\Internet Antivirus Pro\Explorer.ico (Rogue.InternetAntivirus) -> Quarantined and deleted successfully.
C:\Program Files\Internet Antivirus Pro\IAPro.exe (Rogue.InternetAntivirus) -> Quarantined and deleted successfully.
C:\Program Files\Internet Antivirus Pro\unins000.dat (Rogue.InternetAntivirus) -> Quarantined and deleted successfully.
C:\Program Files\Internet Antivirus Pro\uninstall.ico (Rogue.InternetAntivirus) -> Quarantined and deleted successfully.
C:\Program Files\Internet Antivirus Pro\working.log (Rogue.InternetAntivirus) -> Quarantined and deleted successfully.
C:\Windows\Ad-Ware Pro\uninstall.exe (Rogue.Ad-WarePro) -> Quarantined and deleted successfully.
C:\Users\Owner\AppData\Roaming\Microsoft\Internet Explorer\Quick Launch\Internet Antivirus Pro.lnk (Rogue.InternetAntivirus) -> Quarantined and deleted successfully.
C:\Users\Owner\Local Settings\Application Data\Microsoft\Windows\pguard.ini (Rogue.InternetAntivirus) -> Quarantined and deleted successfully.
C:\Users\Public\Desktop\Internet Antivirus Pro.lnk (Rogue.InternetAntivirus) -> Quarantined and deleted successfully.
C:\Windows\Ad-Ware Pro Setup Log.txt (Rogue.Ad-WarePro) -> Quarantined and deleted successfully.
C:\Windows\Ad-Ware Pro Uninstall Log.txt (Rogue.Ad-WarePro) -> Quarantined and deleted successfully.
C:\Users\Owner\Local Settings\Application Data\Microsoft\Windows\services.exe (Trojan.FakeAlert) -> Delete on reboot.
C:\Program Files\Common Files\file.exe (Rogue.InternetAntivirus) -> Quarantined and deleted successfully.