diff --git a/VERSION b/VERSION
index 3eefcb9d..3f60217d 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-1.0.0
+1.0.1-dev
diff --git a/package.ini b/package.ini
index 459ca0d5..2ab57ef8 100644
--- a/package.ini
+++ b/package.ini
@@ -10,8 +10,8 @@ name        = "Predis"
 desc        = "Flexible and feature-complete PHP client library for Redis"
 homepage    = "http://github.com/nrk/predis"
 license     = "MIT"
-version     = "1.0.0"
-stability   = "stable"
+version     = "1.0.1"
+stability   = "devel"
 channel     = "pear.nrk.io"
 
 author      = "Daniele Alessandri \"nrk\" <suppakilla@gmail.com>"
diff --git a/src/Client.php b/src/Client.php
index 94f9c7c9..49cebc36 100644
--- a/src/Client.php
+++ b/src/Client.php
@@ -42,7 +42,7 @@ use Predis\Transaction\MultiExec as MultiExecTransaction;
  */
 class Client implements ClientInterface
 {
-    const VERSION = '1.0.0';
+    const VERSION = '1.0.1-dev';
 
     protected $connection;
     protected $options;