Here is the error text, also in screen shot below :
Server Error in '/' Application.Parser Error
Description: An error occurred during the parsing of a resource required to service this request. Please review the following specific parse error details and modify your source file appropriately.
Parser Error Message: Could not load type 'RageSys.WebApiApplication'.
Source Error:
Line 1: <%@ Application Codebehind="Global.asax.cs" Inherits="RageSys.WebApiApplication" Language="C#" %>Source File: /global.asax Line: 1
Version Information: Microsoft .NET Framework Version:4.0.30319; ASP.NET Version:4.0.30319.17929
My server VM specs are :
Windows 2008 Server R2 Enterprise, SP1
AMD Opteron Processor 6276
15.6GB RAM
And in IIS 7.5, my website's application pool is set to .Net Framework v4.0.30319
UPDATE:
I copied the website's DLL file over to the BIN folder, and my website came up !