diff --git a/NEWS b/NEWS
index 79448a4d..94ef3d6f 100644
--- a/NEWS
+++ b/NEWS
@@ -1,6 +1,6 @@
-- unreleased: version 0.2.0
+- 7/13/12: version 0.1.99
   * Alpha channel encode/decode support.
-  * Lossless decoder.
+  * Lossless encoder/decoder.
   Incompatible changes:
     * The encode ABI has been modified to support alpha encoding.
     * Deprecated function WebPINew() has been removed.
diff --git a/README b/README
index 5ed93037..52f4b8f2 100644
--- a/README
+++ b/README
@@ -4,7 +4,7 @@
           \__\__/\____/\_____/__/ ____  ___
                 / _/ /    \    \ /  _ \/ _/
                /  \_/   / /   \ \   __/  \__
-               \____/____/\_____/_____/____/v0.1.3
+               \____/____/\_____/_____/____/v0.1.99
 
 Description:
 ============
diff --git a/configure.ac b/configure.ac
index 74228b0e..9fc948bf 100644
--- a/configure.ac
+++ b/configure.ac
@@ -1,4 +1,4 @@
-AC_INIT([libwebp], [0.1.3],
+AC_INIT([libwebp], [0.1.99],
         [http://code.google.com/p/webp/issues],,
         [http://code.google.com/speed/webp])
 AC_CANONICAL_TARGET
diff --git a/src/Makefile.am b/src/Makefile.am
index 1da5ae9a..ef5e281c 100644
--- a/src/Makefile.am
+++ b/src/Makefile.am
@@ -19,7 +19,7 @@ libwebp_la_LIBADD += dsp/libwebpdsp.la
 libwebp_la_LIBADD += enc/libwebpencode.la
 libwebp_la_LIBADD += utils/libwebputils.la
 
-libwebp_la_LDFLAGS = -version-info 2:0:0
+libwebp_la_LDFLAGS = -version-info 3:0:0
 libwebpincludedir = $(includedir)/webp
 
 pkgconfig_DATA = libwebp.pc