diff --git a/README.md b/README.md
index 86c311a..6dec544 100644
--- a/README.md
+++ b/README.md
@@ -13,10 +13,14 @@ TWRDownloadManager leverages the power of `NSURLSession` and `NSURLSessionDownlo
 
 **09.22.2014 - UPDATE!!!**
 
-In v1.0.0 `TWRDownloadManager` now supports background modes. The  API has changed so it’s not backwards compatible, hence its bump to v1.0.0. See the documentation below for further information.
+**v1.0.0** of `TWRDownloadManager` now supports background modes. The  API has changed so it’s not backwards compatible, hence its bump to v1.0.0. See the documentation below for further information.
 
 A demo project has also been added to showcase the use of the download manager in its simplest form.
 
+**v1.1.0** of `TWRDownloadManager` adds the ability to pass a block when creating the download to keep track of an estimated remaining download time. The algorithm can definitely be improved but it works. 
+
+Updated demo project.
+
 
 ## Installing the library
 
@@ -224,3 +228,7 @@ Now in your code, whenever you set up a new cell you can get the cell's own prog
 ## License
 
 Usage is provided under the [MIT License](http://opensource.org/licenses/mit-license.php).  See LICENSE for the full details.
+
+## Contributions
+
+All contributions are welcome. Please fork the project to add functionalities and open a pull request to have them merged into the master branch in the next releases.
diff --git a/TWRDownloadManager.podspec b/TWRDownloadManager.podspec
index 1285296..5a7f69c 100644
--- a/TWRDownloadManager.podspec
+++ b/TWRDownloadManager.podspec
@@ -9,7 +9,7 @@
 Pod::Spec.new do |s|
 
   s.name         = "TWRDownloadManager"
-  s.version      = "1.0.0"
+  s.version      = "1.1.0"
   s.summary      = "A modern download manager based on NSURLSession to deal with asynchronous downloading, management and persistence of multiple files."
   s.homepage     = "https://github.com/chasseurmic/TWRDownloadManager"
 
@@ -18,7 +18,7 @@ Pod::Spec.new do |s|
   s.social_media_url = "http://twitter.com/chasseurmic"
   s.source       = {
     :git => "https://github.com/chasseurmic/TWRDownloadManager.git",
-    :tag => "1.0.0"
+    :tag => "1.1.0"
   }
 
   s.platform     = :ios, '7.0'