diff --git a/loopy/version.py b/loopy/version.py
index 5fb16dcc22f75ce9ca77e8c414389f2d23b3398a..0e482bbfe1241aed771e0e399adecf44fdf91dbd 100644
--- a/loopy/version.py
+++ b/loopy/version.py
@@ -22,5 +22,5 @@ THE SOFTWARE.
 
 
 VERSION = (2014, 1)
-VERSION_STATUS = "beta"
+VERSION_STATUS = "beta1"
 VERSION_TEXT = ".".join(str(x) for x in VERSION) + VERSION_STATUS