diff --git a/notifications/__init__.py b/notifications/__init__.py
index 0631da7..35b1386 100644
--- a/notifications/__init__.py
+++ b/notifications/__init__.py
@@ -1,3 +1,15 @@
+# -*- coding: utf-8 -*-
+"""
+    django-notifications
+    ~~~~~
+    A GitHub notification alike app for Django.
+    :copyright: (c) 2015 by django-notifications team.
+    :license: BSD, see LICENSE.txt for more details.
+"""
+
+# PEP 386-compliant version number: N.N[.N]+[{a|b|c|rc}N[.N]+][.postN][.devN]
+__version__ = '0.8.0'
+
 try:
     from notifications.signals import notify
 except ImportError:
@@ -8,25 +20,3 @@ try:
     urls = (urlpatterns, 'notifications', 'notifications')
 except ImportError:
     pass
-
-__version_info__ = {
-    'major': 0,
-    'minor': 8,
-    'micro': 0,
-    'releaselevel': 'final',
-    'serial': 0
-}
-
-
-def get_version(release_level=True):
-    """
-    Return the formatted version information
-    """
-    vers = ["%(major)i.%(minor)i.%(micro)i" % __version_info__]
-    if release_level and __version_info__['releaselevel'] != 'final':
-        vers.append('%(releaselevel)s%(serial)i' % __version_info__)
-    return ''.join(vers)
-
-
-__version__ = get_version()
-
diff --git a/setup.py b/setup.py
index 598f15f..c8e1cd4 100755
--- a/setup.py
+++ b/setup.py
@@ -1,11 +1,20 @@
 #!/usr/bin/env python
 # -*- coding: utf-8 -*-
 
+import re
+import ast
 from distutils.core import setup
-from version import __version__
+
+
+_version_re = re.compile(r'__version__\s+=\s+(.*)')
+
+with open('notifications/__init__.py', 'rb') as f:
+    version = str(ast.literal_eval(_version_re.search(
+        f.read().decode('utf-8')).group(1)))
+
 
 setup(name='django-notifications-hq',
-      version=__version__,
+      version=version,
 
       description='GitHub notifications alike app for Django.',
 
diff --git a/version.py b/version.py
deleted file mode 100644
index dce9848..0000000
--- a/version.py
+++ /dev/null
@@ -1,20 +0,0 @@
-__version_info__ = {
-    'major': 0,
-    'minor': 7,
-    'micro': 1,
-    'releaselevel': 'final',
-    'serial': 0
-}
-
-
-def get_version(release_level=True):
-    """
-    Return the formatted version information
-    """
-    vers = ["%(major)i.%(minor)i.%(micro)i" % __version_info__]
-    if release_level and __version_info__['releaselevel'] != 'final':
-        vers.append('%(releaselevel)s%(serial)i' % __version_info__)
-    return ''.join(vers)
-
-
-__version__ = get_version()