I'm not sure what "standard" you're using that you've decided to name it "alpha 1 revision 1"
Why don't you go with the dot notation that everyone else seems to be using.
major.minor[.build[.revision]]
For example, LGM is 1.5.7.1 (or .2 is what I named the version I gave josh for Enigma, although it's not a real LGM release), that means Major 1, Minor 5, build 7, revision 1.
So you could call it
0.1.1 or 1.0.1 or 1.1, or even if you consider it really really minor, 0.1.0.1 or 1.0.0.1
http://en.wikipedia.org/wiki/Versioning#Numeric