No relation to the renowned reissue label / record club, this particular World Records was one of those hundreds of here-today-gone-tomorrow DIY labels which sprang up in the late '70s. It released at least one single, 'Eighteen' (WRECK-1; 1978) by Coventry Punk band XS Energy, and a various artists EP (WRECK-2) before disappearing. XS Energy went on to record for the Dead Good label.
(http://www.hyped2death.com)
Copyright 2006 Robert Lyons.