Storageprotector Virus, Pop Up Ballons And Errors, Very Slow PC!

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My PC is very, very slow. It takes around 5-10 minutes just to startup, 5-10 minutes to open a program, to navigate, etc.

Just recently two shortcuts appeared on the desktop, "Windows Update" and "Help and Support Center".
Upon right-click, it shows that the target is to a site called "StorageProtector".
Also, popup balloons from the system tray appear periodically encouraging the user to upgrade/download something from the site for "protection."
Pop up messages (that look like Windows Script Host or Pop Up errors) also appear claiming that there are errors on the PC that need to be fixed, etc.

The computer is running like a snail..
Please do help. Any would be very much appreciated, thanks!
 
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