Problems with run.bat

I made a vanilla minecraft server and am trying to allocate more ram to it. However when I try to use the .bat file it results in "System path could not be found"

Here is my code.
@Echo OFF
SET BINDIR=%~dp0
CD /D "%BINDIR%"
"%ProgramFiles%(x86)\Java\jre7\bin\java.exe… -Xmx1G -jar minecraft_server.1.8.jar
PAUSE

Please Help