diff --git a/package.json b/package.json
index a35ccaa90..bb1085786 100644
--- a/package.json
+++ b/package.json
@@ -6,7 +6,7 @@
     "p2p",
     "peer"
   ],
-  "version": "0.4.9",
+  "version": "0.5.0",
   "author": "Alan K <ack@modeswitch.org> (http://blog.modeswitch.org)",
   "homepage": "https://github.com/koush/node-webrtc",
   "bugs": "https://github.com/koush/node-webrtc/issues",