executable file apparently doesnt exist when trying to execute with bash
 

I downloaded a program called tonespace http://www.mucoder.net/en/tonespace/ which I extracted and then tried to execute the executable file with ./tonespace. This gives me the following message:

bash: ./tonespace: No such file or directory

When I use the command: file ./tonespace
I get this:
tonespace: ELF 32-bit LSB executable, Intel 80386, version 1 (SYSV), dynamically linked (uses shared libs), for GNU/Linux 2.6.15, stripped

I dont get it. The file is clearly there, yet when trying to execute it bash doesn't seem to recognize it.

It has permissions rwxr-xr-x and is not owned by root. Am I overlooking something?

What distro and arch are you using.

This is, for example, the kind of behaviour you would expect if trying to run it on a 64-bit platform that has no 32-bit compatibility (e.g. non-multilib Slackware64).

Ah, that makes sense thanks