diff --git a/VERSION.md b/VERSION.md
new file mode 100644
index 0000000..2fee778
--- /dev/null
+++ b/VERSION.md
@@ -0,0 +1 @@
+VERSION 1.1
diff --git a/devel/update-version b/devel/update-version
new file mode 100755
index 0000000..881bf04
--- /dev/null
+++ b/devel/update-version
@@ -0,0 +1,20 @@
+#!/bin/bash
+##
+## Update VERSION 1.4
+## $1 - Version
+## Default -  current Version value plus one (in minor section)
+##
+
+FILE_VERSION="VERSION.md"
+[[ $1 ]] && VER=$1
+if [[ -z ${VER} ]] ; then
+	SOURCE_FILE_VERSION=$(find ../ -maxdepth 1 -type f -iname "${FILE_VERSION}" -print -quit)
+	CURRENT=$(cat ${SOURCE_FILE_VERSION} | grep 'VERSION' | cut -d" " -f2)
+	MAJOR=$(echo ${CURRENT} | cut -d. -f1)
+	MINOR=$(echo ${CURRENT} | cut -d. -f2)
+	VER="${MAJOR}.$(echo $((${MINOR} +1)))"
+fi
+echo ":: Updated VERSION ${CURRENT} to ${VER}"
+find ../ -maxdepth 2 -type f -iname "${FILE_VERSION}" -exec echo ":: Insert version in file: {}" \; -exec sed "s/VERSION *[[:digit:]]*.*/VERSION ${VER}/" -i {} \;
+
+