Here is the response from AVG. It's a false positive, if you're facing an issue, update your definitions or submit the software to AVG for analysis:
thank you for your email.
Please be informed that we have been unable to induce any detection on the files included at "MCEBuddy 2.3.13 32bit.zip" archive. We have also noticed that there is released a new version of your software MCEBuddy 2.3.14 but we have been unable to download it from your webpages.
Could you please update AVG to the latest virus definitions and verify the issue again?
In case that you will be able to induce the detection again please attach detected files into the password protected archive and send it to us.
Note:
Create a password-protected archive - http://kb.avg.com/articles/en_US/How_to/How-to-create-a-password-protected-archive
You can also create a screenshot(s) of detection window displayed by AVG.
Note:
Create a screenshot - http://kb.avg.com/articles/en_US/How_to/How-to-create-a-screenshot
We are also pleased to offer you the AVG Whitelisting Service, feel free to read further information at www.avg.com/whitelist and please let us know if you are interested in it.
Thank you for your cooperation. We appreciate it.
thank you for your email.
Please be informed that we have been unable to induce any detection on the files included at "MCEBuddy 2.3.13 32bit.zip" archive. We have also noticed that there is released a new version of your software MCEBuddy 2.3.14 but we have been unable to download it from your webpages.
Could you please update AVG to the latest virus definitions and verify the issue again?
In case that you will be able to induce the detection again please attach detected files into the password protected archive and send it to us.
Note:
Create a password-protected archive - http://kb.avg.com/articles/en_US/How_to/How-to-create-a-password-protected-archive
You can also create a screenshot(s) of detection window displayed by AVG.
Note:
Create a screenshot - http://kb.avg.com/articles/en_US/How_to/How-to-create-a-screenshot
We are also pleased to offer you the AVG Whitelisting Service, feel free to read further information at www.avg.com/whitelist and please let us know if you are interested in it.
Thank you for your cooperation. We appreciate it.