James B. Murphy mentions it in his book,
Becoming the Beach Boys, 1961-1963. It was released as a single in August 1954 (King 1373); it also had a British release on Parlophone MSP 6132. Murphy has pictures of the record labels in the Dorinda & Hite Morgan Discography section of his website,
http://becomingthebeachboys.com/2015/08/04/dorinda-hite-morgan-discography/.
Hmm ... George Martin was the assistant manager of Parlophone at the time. I wonder if he had anything to do with this record's release?