diff --git a/setup.py b/setup.py
index <HASH>..<HASH> 100644
--- a/setup.py
+++ b/setup.py
@@ -54,7 +54,7 @@ py_version = platform.python_version()
 if py_version < '2.7':
     REQUIRED_PACKAGES.append('argparse>=1.2.1')
 
-_APITOOLS_VERSION = '0.4.7'
+_APITOOLS_VERSION = '0.4.8'
 
 with open('README.rst') as fileobj:
     README = fileobj.read()
Update for <I> release.