diff --git a/requirements.txt b/requirements.txt
index c834db5..69b4ccc 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -3,4 +3,5 @@ pandas
 xlrd
 openpyxl
 progress
-PyYAML
\ No newline at end of file
+PyYAML
+lastversion
diff --git a/src/fosslight_util/set_log.py b/src/fosslight_util/set_log.py
index b84dff1..974ede0 100755
--- a/src/fosslight_util/set_log.py
+++ b/src/fosslight_util/set_log.py
@@ -10,6 +10,32 @@
 import sys
 import platform
 from . import constant as constant
+from lastversion import lastversion
+
+
+class CustomFormatter(logging.Formatter):
+    """Logging Formatter to add colors and count warning / errors"""
+
+    grey = "\033[37m"
+    yellow = "\033[33m"
+    orange = "\033[31m"
+    red = "\033[91m"
+    bold_red = "\033[91m"
+    reset = "\033[0m"
+    format = "%(message)s"
+
+    FORMATS = {
+        logging.DEBUG: grey + format + reset,
+        logging.INFO: grey + format + reset,
+        logging.WARNING: yellow + format + reset,
+        logging.ERROR: red + format + reset,
+        logging.CRITICAL: bold_red + format + reset
+    }
+
+    def format(self, record):
+        log_fmt = self.FORMATS.get(record.levelno)
+        formatter = logging.Formatter(log_fmt)
+        return formatter.format(record)
 
 
 def init_log(log_file, create_file=True, stream_log_level=logging.INFO, file_log_level=logging.DEBUG):
@@ -32,8 +58,7 @@ def init_log(log_file, create_file=True, stream_log_level=logging.INFO, file_log
 
         console_handler = logging.StreamHandler()
         console_handler.setLevel(stream_log_level)
-        console_formatter = logging.Formatter('%(message)s')
-        console_handler.setFormatter(console_formatter)
+        console_handler.setFormatter(CustomFormatter())
         console_handler.propagate = False
         logger.addHandler(console_handler)
 
@@ -42,6 +67,21 @@ def init_log(log_file, create_file=True, stream_log_level=logging.INFO, file_log
     return logger
 
 
+def init_check_latest_version(pkg_version="", main_package_name=""):
+
+    logger = logging.getLogger(constant.LOGGER_NAME)
+
+    try:
+        has_update = lastversion.has_update(repo=main_package_name, at='pip', current_version=pkg_version)
+        if has_update:
+            logger.info('### Version Info ###')
+            logger.warning('Newer version is available : v.{}'.format(str(has_update)))
+            logger.warning('You can update it with command (\'pip install ' + main_package_name + ' --upgrade\')')
+    except TypeError:
+        logger.warning('Cannot check the lastest version on PIP')
+        logger.warning('You could use already installed version\n')
+
+
 def init_log_item(main_package_name="", path_to_analyze=""):
 
     _PYTHON_VERSION = sys.version_info[0]
@@ -52,6 +92,7 @@ def init_log_item(main_package_name="", path_to_analyze=""):
     }
     if main_package_name != "":
         pkg_version = pkg_resources.get_distribution(main_package_name).version
+        init_check_latest_version(pkg_version, main_package_name)
         _result_log["Tool Info"] = main_package_name + " v." + pkg_version
     if path_to_analyze != "":
         _result_log["Path to analyze"] = path_to_analyze
diff --git a/tests/test_log.py b/tests/test_log.py
index 4c4b22b..d36809a 100755
--- a/tests/test_log.py
+++ b/tests/test_log.py
@@ -3,8 +3,7 @@
 # Copyright (c) 2021 LG Electronics Inc.
 # SPDX-License-Identifier: Apache-2.0
 import yaml
-from fosslight_util.set_log import init_log
-from fosslight_util.set_log import init_log_item
+from fosslight_util.set_log import init_log, init_log_item
 from _print_log import print_log
 from _print_log_with_another_logger import print_log_another_logger
 
diff --git a/tox.ini b/tox.ini
index 07f0240..8a55ba4 100644
--- a/tox.ini
+++ b/tox.ini
@@ -9,6 +9,8 @@ install_command = pip install {opts} {packages}
 basepython= python3.6
 whitelist_externals = cat
                       ls
+setenv =
+  PYTHONPATH=.
 
 [flake8]
 max-line-length = 130
@@ -18,26 +20,41 @@ exclude = .tox/*
 filterwarnings = ignore::DeprecationWarning
 
 [testenv:test_run]
-setenv =
-  PYTHONPATH=.
+deps =
+  -r{toxinidir}/requirements.txt
+
+commands =
+  # Test - logging
+  python tests/test_log.py
+  ls test_result
+  cat test_result/log_file1.txt
+  # Test - writing text
+  python tests/test_text.py
+  cat test_result/txt/test.txt
+  # Test - writing excel
+  python tests/test_excel.py
+  ls test_result/excel
+  cat test_result/excel/OSS-Report.csv
+
+[testenv:release]
 deps =
   -r{toxinidir}/requirements-dev.txt
 
 commands =
-    # Test - print help msg
-    python tests/test_help.py
-    # Test - logging
-    python tests/test_log.py
-    ls test_result
-    cat test_result/log_file1.txt
-    # Test - writing text
-    python tests/test_text.py
-    cat test_result/txt/test.txt
-    # Test - writing excel
-    python tests/test_excel.py
-    ls test_result/excel
-    cat test_result/excel/OSS-Report.csv
-    # Test - timer
-    python tests/test_timer.py
-    # Test - check PEP8
-    pytest -v --flake8
\ No newline at end of file
+  # Test - print help msg
+  python tests/test_help.py
+  # Test - logging
+  python tests/test_log.py
+  ls test_result
+  cat test_result/log_file1.txt
+  # Test - writing text
+  python tests/test_text.py
+  cat test_result/txt/test.txt
+  # Test - writing excel
+  python tests/test_excel.py
+  ls test_result/excel
+  cat test_result/excel/OSS-Report.csv
+  # Test - timer
+  python tests/test_timer.py
+  # Test - check PEP8
+  pytest -v --flake8
\ No newline at end of file