diff --git a/msal_extensions/__init__.py b/msal_extensions/__init__.py
index a0b396d..adfb0e0 100644
--- a/msal_extensions/__init__.py
+++ b/msal_extensions/__init__.py
@@ -1,5 +1,5 @@
 """Provides auxiliary functionality to the `msal` package."""
-__version__ = "0.3.1"
+__version__ = "1.0.0"
 
 from .persistence import (
     FilePersistence,
diff --git a/setup.cfg b/setup.cfg
index 80050d9..ea368cd 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -8,4 +8,5 @@ license = MIT
 project_urls =    Changelog = https://github.com/AzureAD/microsoft-authentication-extensions-for-python/releases
 classifiers =
     License :: OSI Approved :: MIT License
-    Development Status :: 4 - Beta
+    Development Status :: 5 - Production/Stable
+description = Microsoft Authentication Library extensions (MSAL EX) provides a persistence API that can save your data on disk, encrypted on Windows, macOS and Linux. Concurrent data access will be coordinated by a file lock mechanism.