diff --git a/build.properties b/build.properties
index 95a063a..6709f6f 100644
--- a/build.properties
+++ b/build.properties
@@ -21,11 +21,11 @@
 release.name = Apache Flex (FlexJS)
 # this is the version that appears in the flex-sdk-description <description> tag
 # and on the package name.  This is the publicly known version of FlexJS
-release.version = 0.0.2
+release.version = 0.0.3
 
 # fb.release.version must start with 4 in order for FB to accept it.
 # this property should only go in flex-sdk-description.xml <version> tag
-fb.release.version = 4.0.2
+fb.release.version = 4.0.3
 
 # override on command line with -Dbuild.number=999 or in local.properties
 build.number = 0