Well I see you originally asked this question on Sep 16, 2011 9:25 AM and I hate to say this but I didn't reply then because you said "...so please be gentle" and I normally just will not respond when users say things like that. Anyway you asked the same question again, albeit worded differently, on May 7, 2012 3:18 PM and in both case no replies from anyone. So now your repeating the post from Sep 16, 2011 9:25 AM sans the "...so please be gentle" part and I guess the third time is the charm, so to speak.
I want to say that generally speaking the answer is no, in other words VMware Player/Workstation does not offer that sort of functionally per se, however technically it's doable although certainly not officially supported and how plausible is another story altogether depending on all factors involved.
Before I make any suggestions or recommendations I'd like to know how the VM was prepared for transport, in other words what explicitly and specifically was done to the VM to make its footprint smaller before packaging it for transport/installation. Additionally what OS is installed in the Guest and what is the software package that's being demoed?