diff --git a/pysnooper/__init__.py b/pysnooper/__init__.py
index 4b6ea5b..527af3b 100644
--- a/pysnooper/__init__.py
+++ b/pysnooper/__init__.py
@@ -24,7 +24,7 @@ import collections
 __VersionInfo = collections.namedtuple('VersionInfo',
                                        ('major', 'minor', 'micro'))
 
-__version__ = '0.5.0'
+__version__ = '1.0.0'
 __version_info__ = __VersionInfo(*(map(int, __version__.split('.'))))
 
 del collections, __VersionInfo # Avoid polluting the namespace