diff --git a/loopy/version.py b/loopy/version.py
index bd276c161434e16a861763b90e7424a2c5399c5c..cf7543aae03ae7d7702b22076ca6987cd4ef0466 100644
--- a/loopy/version.py
+++ b/loopy/version.py
@@ -22,5 +22,5 @@ THE SOFTWARE.
 
 
 VERSION = (2014, 1)
-VERSION_STATUS = "beta2"
+VERSION_STATUS = "beta3"
 VERSION_TEXT = ".".join(str(x) for x in VERSION) + VERSION_STATUS