diff --git a/VERSIONS.txt b/VERSIONS.txt
index 77c9629..d6594b9 100644
--- a/VERSIONS.txt
+++ b/VERSIONS.txt
@@ -1,3 +1,15 @@
+================================================================================
+SPy 0.16.1
+================================================================================
+Release date: 2014.10.18
+
+Bug_Fix release.
+
+Bug Fixes
+---------
+
+* [Issue #18] Missing import statements for pixel iterators.
+
 ================================================================================
 SPy 0.16.0
 ================================================================================
diff --git a/spectral/__init__.py b/spectral/__init__.py
index c7be99c..3b249e9 100644
--- a/spectral/__init__.py
+++ b/spectral/__init__.py
@@ -31,7 +31,7 @@
 
 from __future__ import division, print_function, unicode_literals
 
-__version__ = '0.16.1-dev1'
+__version__ = '0.16.1'
 
 import sys
 if sys.byteorder == 'little':