First thing that is probably causing the cannot connect issue is that your host is blocking the UDP outbound 5499 port.
Also, The ventrilo_status file needs to be set to 755, or if you have SSH access "chmod +x ventirlo_status"
Next you will need to make sure that you set up the administrative options on your Ventrilo (I added the server to my test site and did not receive the information)

If that does not work, then let me know and I can assist with some testing.