Hi Records was a Memphis soul and rockabilly label started in 1957 by singer Ray Harris, record store owner Joe Cuoghi, Bill Cantrell and Quinton Claunch (formerly producers for Sun Records), and three silent partners, including Cuoghi's lawyer, Nick Pesce.Hi Records' first big hit was "Smokie Part 2", an instrumental by Bill Black's Combo in 1959. Black was a bass player with Elvis Presley and a long-time friend of Ray Harris.