diff --git a/bin/embark b/bin/embark
index c1d59fc67..11af82030 100644
--- a/bin/embark
+++ b/bin/embark
@@ -13,7 +13,7 @@ var run = function(cmd) {
 }
 
 program
-  .version('0.3.0')
+  .version('0.4.0')
 
 program.command('new [name]').description('New application').action(function(name) {
   if (name === undefined) {
diff --git a/boilerplate/package.json b/boilerplate/package.json
index 485b332f3..4460a2a06 100644
--- a/boilerplate/package.json
+++ b/boilerplate/package.json
@@ -10,7 +10,7 @@
   "license": "ISC",
   "homepage": "",
   "devDependencies": {
-    "embark-framework": "/Users/iurimatias/Projects/embark-framework",
+    "embark-framework": "^0.4.0",
     "grunt-contrib-clean": "^0.6.0",
     "grunt-contrib-coffee": "^0.13.0",
     "grunt-contrib-concat": "^0.5.1",
diff --git a/package.json b/package.json
index 646586f2b..10701bd6b 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "embark-framework",
-  "version": "0.3.0",
+  "version": "0.4.0",
   "description": "",
   "scripts": {
     "test": "echo \"Error: no test specified\" && exit 1"