diff --git a/imagekit/__init__.py b/imagekit/__init__.py
index beea445..2965bbd 100644
--- a/imagekit/__init__.py
+++ b/imagekit/__init__.py
@@ -3,10 +3,10 @@
 Django ImageKit
 
 Author: Justin Driscoll <justin.driscoll@gmail.com>
-Version: 1.0
+Version: 0.2
 
 """
-VERSION = (1, 0, 'pre')
+VERSION = "0.2"
 
 
 
diff --git a/setup.py b/setup.py
index f82c8b9..ff6eb40 100644
--- a/setup.py
+++ b/setup.py
@@ -3,7 +3,7 @@ from setuptools import setup, find_packages
  
 setup(
     name='django-imagekit',
-    version='0.1',
+    version='0.2',
     description='Automated image processing for Django models.',
     author='Justin Driscoll',
     author_email='justin.driscoll@gmail.com',
@@ -24,5 +24,5 @@ setup(
     zip_safe=False,
     # Tells setuptools to download setuptools_git before running setup.py so
     # it can find the data files under Hg version control.
-    setup_requires=['hg.setuptools'],
+    setup_requires=['setuptools_hg'],
 )