diff --git a/NEWS b/NEWS
index 8f5385d7..3e9ee726 100644
--- a/NEWS
+++ b/NEWS
@@ -1,4 +1,4 @@
-= RubyMotion 2.33 =
+= RubyMotion 2.34 =
 
   * [iOS] Add support for iPhone 6/6+ launch images. Unless explicitely
     specified, the Info.plist `UILaunchImages' key is populated from all PNG
@@ -41,6 +41,13 @@
     the methods since second argument.
   * Improved Regexp.last_match performance. ~20% faster.
 
+= RubyMotion 2.33 =
+
+  * Added support for installing pre-releases of RubyMotion. The
+    `sudo motion update --pre' command will install a pre-release build in
+    `/Library/RubyMotionPre'. Currently, the pre-release channel contains
+    the first beta of RubyMotion for Android. Enjoy! ^_^
+
 = RubyMotion 2.32 =
 
   * The iOS 8.0 and OS X 10.10 versions of the runtime have been recompiled
diff --git a/Rakefile b/Rakefile
index 6cb3339f..331603bc 100644
--- a/Rakefile
+++ b/Rakefile
@@ -1,4 +1,4 @@
-PROJECT_VERSION = '2.33'
+PROJECT_VERSION = '2.34'
 PRE_PROJECT_VERSION = '3.0'
 XCODE_PLATFORMS_DIR = (ENV['XCODE_PLATFORMS_DIR'] || '/Applications/Xcode.app/Contents/Developer/Platforms')