What ECATCO says is (product info):
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Support of DRM format through Barnes & Nobles
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and on their forum they say (Pavel - technical support):
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Jetbook-Lite version 0.14i supports both epub and pdb books which are provided by Barnes and Noble.
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Since you have 0.14i, something is wrong. I had previously assumed that "DRM from B&N" meant "DRM from FictionWise (eReader)", but if the quote from Pavel is correct it actually uses the B&N SDK to support both eReader DRM (.pdb ebooks) and passworded ePubs. This is the case with B&N's Windows app, it can read B&N password-protected ePubs and DRM-free ePubs but it can't read AdobeID DRMed ePubs. However, you have already confirmed that 0.14i does not work for B&N ePubs. It probably does work for eReader ebooks with DRM, e.g. from FictionWise.
What is definitely wrong is the MobiPocket Reader stuff. The Lite can read DRM-free MOBI, but not DRMed MOBIs.