I found little info on this one but, (as per Discogs) The Bit appear to have been a four piece from Whittier California. Other than this single, they released a second one titled, "band of your dreams" on Allied Artists Records in 1982. I couldn't find who played what instrument's but the line up included: Tommy Arriola, Louis Cardenas, David Flores, and Danny Ramos.
Vista Records 1980
1. Don't Wanna Be Rejected
2. You Girl
♫♫♫...Who's The One Who Always Stays...♫♫♫
Polyvinyl Craftsmen Transmission 272
3 hours ago