Hello Tony
After sending the above post, and knowing it was the weekend, I figured it might be awhile before you had a chance to respond. And since my wife was working I decided to dive into the forum and read as much as I could. I must say, we have an excellent forum with an incredible amount of info. I saw more than once where you suggested that someone needed to disable USB2.0 and also where people had solved their problem by trying different flash drives. Since I can't disable USB2.0 I tried different flash drives all to no avail.
So, as a back up plan I started looking at NASLite-2 HDD and reading the forum. It REALLY looks like a great program and one I will be looking at in the future as my storage needs change. (The SmallNetBuilder review was interesting but sad. This goes to show what everybody should know, you can't believe everything you read. The author's bias was embarrassing.)
I also re-read the user manual for NASLite+ for USB Flash several more times and now have it committed to memory.

I noticed on page 5 that the picture of the Console Login Screen showed that the Initializing Network setting was showing "DISABLED". This got me to thinking that this had to be normal at that stage and that if I got the five beeps on boot up, it COULD mean that naslite saw the card but it needed to be configured.
Before I sent my first post, I had already tried to configure the IP address to 192.168.1.48 which, after using option 9 to save and then a reboot, didn't work and resulted in the five beeps. After considering the above login screen I reasoned that perhaps my IP address might be somehow wrong so I changed it to 192.168.1.100 and it worked!
I'm not sure what solved the problem, but am much relieved and am now using the C switch to check my disk for errors as I write this post. Problem solved!!