"Cache template is not registered." error using fresh install running sample

Here is what it is running on:

* Windows Server 2003 (32 bit)
* IIS 6.0
* ColdFusion 8.0 (Installed using JRun)
* ColdBox 3.1.0 (Installed at C:\Inetpub\wwwroot\coldbox)

My problem is frustrating. I haven't written a single line of code to
integrate ColdBox into my application. I simply unzipped the coldbox
archive to my webroot and tried to view/run the included samples. I
did so by opening a browser and going to following URL:

Upon doing so I get the following error which worries me seeing that
this is code that is coming WITH the framework and nothing that I have

Cache template is not registered.

Valid cache names are

The error occurred in C:\Inetpub\wwwroot\coldbox\system\cache
\CacheFactory.cfc: line 191
Called from C:\Inetpub\wwwroot\coldbox\system\web\Controller.cfc: line
Called from C:\Inetpub\wwwroot\coldbox\system\Coldbox.cfc: line 186
Called from C:\Inetpub\wwwroot\coldbox\samples\Application.cfc:

Can someone help explain why this is happening and how to get rid of
it so I can run the included samples before I start doing any
migration of our applications to this framework?