diff --git a/README.md b/README.md
index 3e791b545d..b22c76d819 100644
--- a/README.md
+++ b/README.md
@@ -4,7 +4,11 @@ AWX
 Formerly known as ansible-commander and AnsibleWorks, AWX provides a web-based
 user interface, REST API and task engine built on top of Ansible.
 
-The current version under development is 1.2-b2.
+The current version under development is 1.3, and uses the master branch.
+
+1.2.2 was the last released version on July 31st, 2012.
+
+Hotfixes should go on the appropriate release branch and be cherry-picked to master.
 
 Resources
 ---------
@@ -12,3 +16,6 @@ Resources
 Refer to `CONTRIBUTING.md` to get started developing, testing and building AWX.
 
 Refer to `setup/README.md` to get started deploying AWX.
+
+See `docs/build_system.md` for more about Jenkins and installing nightly builds (as opposed to running from source).
+