diff --git a/configure.in b/configure.in
index 5d26883fda..44493d3a6b 100644
--- a/configure.in
+++ b/configure.in
@@ -3,10 +3,10 @@
 
 # Must change all of the below together
 # For a release, set revision for that tagged release as well and uncomment
-AC_INIT([freeswitch], [1.0.pre1], BUG-REPORT-ADDRESS)
+AC_INIT([freeswitch], [1.0.pre3], BUG-REPORT-ADDRESS)
 AC_SUBST(SWITCH_VERSION_MAJOR, [1])
 AC_SUBST(SWITCH_VERSION_MINOR, [0])
-AC_SUBST(SWITCH_VERSION_MICRO, [pre1])
+AC_SUBST(SWITCH_VERSION_MICRO, [pre3])
 #AC_SUBST(SWITCH_VERSION_REVISION, [svn-revision-here])
 
 AC_CONFIG_FILES([src/include/switch_version.h.in:src/include/switch_version.h.template])