Skip, be sure you are looking at the correct number. When you pull up the information for the LM on the controller, there will be two numbers displayed. One is hardware version and one is software version. The software version is what you are interested in. The hardware version should be 1.00 and will never change.
LM-3 modules should have been shipped with a much more up-to-date software version than 1.00. Depending on when the module was manufactured and shipped to a supplier the software version should be up in the 2.00's somewhere.
My guess is you are looking at the hardware version and not the software version.
-Kevin