iOS App Store and the review process

I have version 1.0 of my app currently “Pending Developer Release” in the app store.

Now that I have a version that can be launched I want to send out Promo Keys of my app to review sites.

However, since that version was approved I have found bugs that I want to fix.

Is it possible to submit another build (1.01 for example) for review while the version 1.0 is “Pending Developer Release”

This way I can set a hard release date and if for some reason the app fails review I can always go with version 1.0 instead of version 1.01

Thanks much,

Kenny

www.gameOfLoot.com