This means your mobo is not starting.
That may not be the problem. I didn't see a mobo speaker on this board.
Pimpster, if the mobo does not have a speaker connected, I suggest getting one, as it makes diagnosing considerably easier. Mobos will emit a series of beeps to indicate where the failure is.
You could also check the RAM - see if the RAM in the build in question works in another system, or vice versa.