I am wondering why you believe everything the Pricemad salesman told you. As salesmen, they have an incentive to lie so they can close your purchase. The Pricemad story is not even logical. The TV was meant for Latin America, which means it is most likely both a lower cost and lower quality unit than the Elite models sold in the US. Why would the Elite models even be manufactured if the 505 was less expensive to manufacture and higher quality? It is obvious that Pricemad purchased an entire lot of these 505 models and are doing everything possible to sell them as quickly as possible.