Removing DiscGuard protection

[ee45678]

I am trying to fix an app. (which is protected by DiscGuard) so that it can run without the original CD in the CD drive. I am really sick of changing the CD everytime I want to work with some other CD, also I have already had the CD slip out of hand and fall once and it is only a matter of time when it might get damaged.

A google search brought up only one spanish language tutorial about cracking a rally game and the translation was not good.

Can someone give me a few hints as to how to go about cracking this protection.

It is an app. made using VB6 and has a bunch of dlls made using VC++ 5.
PEid fails to ID the packer but the exe is definitely packed. I don't have Sice so I tried loading it in Olly but it causes an exception during the loading.

So where to now?