The story
The earliest Bullet Records was a record label based in Nashville, United States, which was started in 1946 by Jim Bulleit and C.V. Hitchcock. Bulleit was an early partner in Sun Records. Its only national hits were by orchestra leader Francis Craig. The pop song "Near You" made in early 1947 was a hit, topping the chart for 17 weeks and having a chart run of 25 weeks. Craig also made the charts at No. 3 with "Beg Your Pardon", but no further hits were forthcoming. Despite these hits, the label was known for country music artists such as Boots Woodall's Radio Wranglers, who also recorded for Capitol Records, and Southern Gospel artists such as the Rangers Quartet and Speer Family. The label also recorded blues singer and pianist Cecil Gant. In 1949 they released B. B. King's first commercial single, "Miss Martha King". Too much money was spent in hope of repeating the success of Francis Craig's "Near You" and the label was in trouble by 1949. Jim Bulleit sold out to his share to Hitchcock in February of that year. The label limped on for a few years but was out of business by 1952.
The Bullet, Sur-Speed and Delta catalogs were purchased by Bluesland Productions in the mid-1990s.
From Wikipedia’s article on Bullet Records, shared under CC BY-SA 4.0.3