Hi TBayIT,
Please uninstall Parallels Desktop 9 completely from your Mac by following the steps as given below :
Launch Terminal application from Applications/Utilities
Paste the commands into Terminal (one by one; hit return after pasting each command)
sudo –s
(type your Mac user password (your Mac user should have Administrator's privileges) and hit return. You will not see characters while typing)
killall -KILL prl_vm_app
killall -KILL prl_client_app
killall -KILL prl_disp_service
kill -KILL `ps -A -opid,command | fgrep '/bin/bash /Applications/Parallels Desktop.app/Contents/MacOS/watchdog' | awk '{print $1}'`
ps -A -opid,comm | fgrep '/Applications/Parallels Desktop.app/Contents/MacOS' | awk '{print $1}' | while read pid; do kill -KILL $pid; done
kextunload -b com.parallels.kext.netbridge
kextstat | fgrep 'com.parallels.' | fgrep -v 'com.parallels.virtualsound' | awk '{print $6}' | while read i; do kextunload -b $i; done
rm -rf /System/Library/Extensions/prl*
rm -rf '/Applications/Parallels Desktop.app'
Then re-download Parallels Desktop 9 from :
www.parallels.com/directdownload/pd9
Install Parallels Desktop 9 from the downloaded link and then check if you are able to create a new Virtual Machine.
Thanks,
Maheeshwar