diff --git a/compressor/__init__.py b/compressor/__init__.py
index 6952eee..e5ef122 100644
--- a/compressor/__init__.py
+++ b/compressor/__init__.py
@@ -1,4 +1,4 @@
-VERSION = (0, 6, 4, "f", 0)  # following PEP 386
+VERSION = (0, 7, 0, "f", 0)  # following PEP 386
 DEV_N = None
 
 
diff --git a/docs/conf.py b/docs/conf.py
index 0c17fd6..fb250f5 100644
--- a/docs/conf.py
+++ b/docs/conf.py
@@ -48,9 +48,9 @@ copyright = u'2011, Django Compressor authors'
 # built documents.
 #
 # The short X.Y version.
-version = '0.6'
+version = '0.7'
 # The full version, including alpha/beta/rc tags.
-release = '0.6.4'
+release = '0.7'
 
 # The language for content autogenerated by Sphinx. Refer to documentation
 # for a list of supported languages.