[CentOS] mmonit - Permission denied errot

Greetings,

I just downloaded the mmonit from mmonit.com site on my CentOS box
untarred-unizipped it.

As per the documentation, I dutifully typed
./bin/mmonit

and it is refusing to run. I am running this as root and SELinux is disabled.

running it with strace spews the following (in entireity):
[begin]
# strace ./bin/mmonit
execve("./bin/mmonit", ["./bin/mmonit"], [/* 28 vars */]) = -1 EACCES
(Permission denied)
dup(2)                                  = 3
fcntl64(3, F_GETFL)                     = 0x2 (flags O_RDWR)
fstat64(3, {st_mode=S_IFCHR|0600, st_rdev=makedev(136, 2), ...}) = 0
mmap2(NULL, 4096, PROT_READ|PROT_WRITE, MAP_PRIVATE|MAP_ANONYMOUS, -1,
0) = 0xb7fed000
_llseek(3, 0, 0xbfd7e7b4, SEEK_CUR)     = -1 ESPIPE (Illegal seek)
write(3, "strace: exec: Permission denied\n", 32strace: exec: Permission denied
) = 32
close(3)                                = 0
munmap(0xb7fed000, 4096)                = 0
exit_group(1)                           = ?
[end strace]

What am I missing here?

Thanks and Regards

Rajagopal