Netbook booting problem

Hello guys,
I own an acer aspire one notebook which used to work perfectly before 7-8 months, but then it didnt start up, kept rebooting. So I let it lie in my cupboard for a few months and now I did a research on what happened so here it its-

1.After the POST black screen appears to start up windows in SafeMode, Start windows normally etc.
2.I choose one of them (Note- None of the work,tried them all).
3.The windows XP logo pops up with the loading bar.
4.A blue screen appears with the message-

STOP: C0000218 {Registry File Failure}
The registry cannot load the hive (file):
\System Root\System32\Config\SOFTWARE
or its log or alternate.
It is corrupt, absent, or not writable.

Beginning dump of physical memory
Physical memory dump complete.
Contact your system administrator or technical support assistance

5. And then it restarts and the whole process starts again.

Extra notes- My acer aspire one doesnt have a CD drive and it doesnt have an Xp cd as well it just came with the OS loaded....

Please help

Does it have a recovery partition?

IDK about recovery option partition but I took a digit CD and copied ubuntu 12.10 on it and using unetbootin on a USB
Installed it onto my netbook..but it seems to be running sluggishly what do i do to make it fast??

My exact notebook model is acer aspire one zg5

Try running Fedora based Linpus Lite on it.