diff --git a/README.rst b/README.rst
index b370a23..8c1bcab 100644
--- a/README.rst
+++ b/README.rst
@@ -13,7 +13,7 @@ Use pypi to install the latest oemof version.
 
 .. code:: bash
 
-  pip3 install oemof
+  pip3 install oemof.db
 
 If you want to have the developer version clone the repository by
 
diff --git a/doc/conf.py b/doc/conf.py
index de65d34..d94b00e 100644
--- a/doc/conf.py
+++ b/doc/conf.py
@@ -60,7 +60,7 @@
 # built documents.
 #
 # The short X.Y version.
-version = '0.0.4'
+version = '0.0.5'
 # The full version, including alpha/beta/rc tags.
 release = version
 
diff --git a/doc/whats_new.rst b/doc/whats_new.rst
index 24ed21e..4a236d1 100644
--- a/doc/whats_new.rst
+++ b/doc/whats_new.rst
@@ -8,6 +8,7 @@ These are new features and improvements of note in each release
     :local:
     :backlinks: top
 
+.. include::  whatsnew/v0005.txt
 .. include::  whatsnew/v0004.txt
 .. include::  whatsnew/v0003.txt
 .. include::  whatsnew/v0002.txt
diff --git a/doc/whatsnew/v0005.txt b/doc/whatsnew/v0005.txt
new file mode 100644
index 0000000..68c60f6
--- /dev/null
+++ b/doc/whatsnew/v0005.txt
@@ -0,0 +1,14 @@
+v0.0.5 (March 20th, 2017)
++++++++++++++++++++++++++
+
+Bug fixes
+#########
+
+ * In order to play well with `oemof`, `oemof/db/__init__.py` has been
+   removed. This should fix `oemof`'s `issue #269 <https://github.com/oemof/oemof/issues/269>`_.
+
+Contributors
+############
+
+ * Stephan Günther
+
diff --git a/oemof/__init__.py b/oemof/__init__.py
deleted file mode 100644
index 3ad9513..0000000
--- a/oemof/__init__.py
+++ /dev/null
@@ -1,2 +0,0 @@
-from pkgutil import extend_path
-__path__ = extend_path(__path__, __name__)
diff --git a/oemof/db/__init__.py b/oemof/db/__init__.py
index 5f2bd7a..9cea4cc 100755
--- a/oemof/db/__init__.py
+++ b/oemof/db/__init__.py
@@ -6,6 +6,8 @@
 import getpass
 
 
+__version__ = '0.0.5'
+
 def url(section="postGIS", config_file=None):
     """ Retrieve the URL used to connect to the database.
 
diff --git a/setup.py b/setup.py
index 58847b6..1d08198 100644
--- a/setup.py
+++ b/setup.py
@@ -3,7 +3,10 @@
 from setuptools import find_packages, setup
 
 setup(name='oemof.db',
-      version='0.0.4',
+      # Unfortunately we can't use a `__version__` attribute on `oemof.db` as
+      # we can't import that module here. It depends on packages which might
+      # not be available prior to installation.
+      version='0.0.5',
       description='The oemof database extension',
       namespace_package = ['oemof'],
       packages=find_packages(),
diff --git a/tests/import_tests.py b/tests/import_tests.py
new file mode 100644
index 0000000..a85d4bc
--- /dev/null
+++ b/tests/import_tests.py
@@ -0,0 +1,9 @@
+from nose.tools import ok_
+
+import oemof.db as oemofdb
+
+def test_oemofdb_imports():
+    ok_(oemofdb.connection)
+    ok_(oemofdb.engine)
+    ok_(oemofdb.url)
+
diff --git a/tox.ini b/tox.ini
new file mode 100644
index 0000000..5ac8a42
--- /dev/null
+++ b/tox.ini
@@ -0,0 +1,14 @@
+# Tox (https://tox.readthedocs.io/) is a tool for running tests
+# in multiple virtualenvs. This configuration file will run the
+# test suite on all supported python versions. To use it, "pip install tox"
+# and then run "tox" from this directory.
+
+[tox]
+envlist = py
+
+[testenv:py]
+setenv =
+    PIP_USER = false
+commands = nosetests
+deps = nose
+