That is correct. The ones with Millenium on the left and PT-*** PRO are the 3Rd Gen. The ones with Millenium PRO on the left side are 2nd GEN. That is how I knew which one to get. 3Rd Gen. has the frame pin issues resolved. Spend a little more on the 3Rd Gen. since the 2Nd had issues with the frame. I paid $320 for my PT-145PRO 3Rd Gen. By the way the PT-145 is the same isze except grip width which is 1.125in on the PT-111 and 1.25 on the PT-145. Same size frame but in a .45 with 10+1 capacity.