diff --git a/README b/README
index c08ef26e3..6bcb0a541 100644
--- a/README
+++ b/README
@@ -1,7 +1,7 @@
 #################################
 ##    QUPZILLA - WEB BROWSER   ##
 #################################
-Version: 1.0.0-rc1
+Version: 1.0.0-b1
 
 QupZilla is new and very fast open source browser based on WebKit core http://www.webkit.org
 Written in Qt Framework http://qt.nokia.com
diff --git a/src/app/qupzilla.cpp b/src/app/qupzilla.cpp
index 9b233ae7a..040890dcf 100644
--- a/src/app/qupzilla.cpp
+++ b/src/app/qupzilla.cpp
@@ -47,7 +47,7 @@
 #include "adblockmanager.h"
 #include "clickablelabel.h"
 
-const QString QupZilla::VERSION = "1.0.0-rc1";
+const QString QupZilla::VERSION = "1.0.0-b1";
 //const QString QupZilla::BUILDTIME = QLocale(QLocale::English).toDateTime(__DATE__" "__TIME__, "MMM d yyyy hh:mm:ss").toString("MM/dd/yyyy hh:ss");
 const QString QupZilla::BUILDTIME =  __DATE__" "__TIME__;
 const QString QupZilla::AUTHOR = "nowrep";
diff --git a/src/appicon.rc b/src/appicon.rc
index 023dd8fb7..d4cd402d2 100644
--- a/src/appicon.rc
+++ b/src/appicon.rc
@@ -17,12 +17,12 @@ BEGIN
         BEGIN
             VALUE "CompanyName", "QupZilla Association"
             VALUE "FileDescription", "QupZilla Web Browser"
-            VALUE "FileVersion", "1.0.0.rc1"
+            VALUE "FileVersion", "1.0.0.b1"
             VALUE "LegalCopyright", "Copyright (C) 2010-2011 nowrep"
             VALUE "InternalName", "qupzilla"
             VALUE "OriginalFilename", "qupzilla.exe"
             VALUE "ProductName", "QupZilla"
-            VALUE "ProductVersion", "1.0.0.rc1"
+            VALUE "ProductVersion", "1.0.0.b1"
         END
     END
     BLOCK "VarFileInfo"